Picture yourself standing on a hillside above the turquoise waters of the Ionian Sea, where pine-forested mountains cascade down to hidden coves and the scent of wild herbs drifts on the warm Mediterranean breeze. This is Poros, Lefkada—one of Greece's most captivating islands, where crystal-clear waters meet authentic Greek village life, and where this unfinished 400-square-meter villa awaits your vision to transform it into the ultimate vacation home or profitable hospitality venture.
Nestled on an expansive 8,000-square-meter plot at the gateway to Mikros Gialos Beach, this property offers something increasingly rare in Greece's competitive coastal markets: a blank canvas with established foundations, utilities in place, and sweeping panoramic views across mountain villages and the glittering Ionian Sea. The three-level structure—comprising a 215-square-meter basement, 134-square-meter ground floor, and 55-square-meter upper level—was constructed in 2024 with modern building standards, providing a solid framework for multiple development scenarios.
For international buyers seeking a second home in Greece, this property presents extraordinary flexibility. Transform it into a spacious family villa where three generations can gather each summer, with private guest suites in the basement, open-plan living spaces capturing those panoramic vistas, and terraces designed for long evenings watching the sun set over the Ionian. The generous footprint allows for five to six bedrooms with ensuite bathrooms, multiple living areas, and those quintessentially Greek outdoor spaces—pergola-shaded dining terraces, herb gardens, and perhaps a magnificent infinity pool overlooking the sea.
The renovation opportunity here cannot be overstated. Rather than purchasing a completed property that reflects someone else's taste and paying a premium for their choices, you can craft every detail to match your vision. Select the perfect shade of white-washed walls, choose between traditional stone accents or contemporary minimalism, install the kitchen of your dreams, and create bathroom sanctuaries with materials sourced from Greek artisans or imported Italian fixtures. Budget-conscious buyers can complete the renovation in phases, making this accessible for those willing to invest time alongside capital.
Poros offers the vacation lifestyle that draws international property seekers to Greece year after year. Summer days begin with coffee on your terrace overlooking the olive groves, followed by a ten-minute drive to Mikros Gialos Beach, where you can claim your favorite spot on the white pebbles before the afternoon crowds arrive. The beach's transparent turquoise waters are ideal for snorkeling, paddleboarding, or simply floating while gazing up at the dramatic cliffs. When hunger strikes, authentic tavernas along the waterfront serve grilled octopus, fresh-caught sea bream, and local wine from nearby vineyards.
The village of Poros itself maintains genuine Greek character—whitewashed houses climbing the hillside, elderly locals gathering in the plateia for evening conversation, and family-run shops where you'll quickly become a recognized face. Weekly visits to the farmers' market yield sun-ripened tomatoes, creamy feta, local honey, and those perfect figs that taste like summer itself. Spring and autumn bring hiking opportunities through the surrounding mountains, where trails wind past abandoned chapels, wild orchid meadows, and viewpoints where you can see across to neighboring islands.
Accessibility makes this property particularly appealing for European second-home owners. Aktion National Airport sits just 70 kilometers away, with seasonal direct flights from London, Munich, Vienna, and other European cities. The drive from the airport takes approximately 90 minutes, passing through quintessential Greek landscapes. Ferry connections from the mainland are frequent and reliable, and the island's compact size means you're never more than 30 minutes from any destination. Having your own vehicle is recommended, as it opens up Lefkada's hidden coves, mountain villages, and western coastline beaches consistently ranked among Europe's finest.
For those considering investment and rental income, this property's location and scale offer compelling opportunities. Lefkada experiences robust vacation rental demand from May through October, with July and August commanding premium rates. A completed luxury villa with these views and proximity to Mikros Gialos could generate substantial weekly rental income, potentially covering annual ownership costs including property taxes, utilities, and maintenance. Alternatively, the structure could be divided into three independent apartments, diversifying rental income and allowing personal use of one unit while monetizing the others.
The oversized plot presents additional development possibilities that significantly enhance investment value. Local regulations permit subdividing the land into two parcels, allowing construction of a second building up to 180 square meters plus basement. This could become a separate guest villa, a caretaker's residence, or an additional rental property, effectively creating a small vacation compound. The remaining land offers ample space for Mediterranean gardens, outdoor entertainment areas, parking for multiple vehicles, and those amenities that elevate a vacation home into something extraordinary—perhaps a tennis court, an outdoor kitchen and dining pavilion, or terraced gardens descending the hillside.
Greek property ownership for international buyers has become increasingly straightforward, with many law firms specializing in guiding foreign nationals through the process. Property taxes in Greece remain reasonable compared to other Mediterranean destinations, and the country's recent digital nomad visa program has attracted a new wave of international residents who may become your future neighbors or rental clients. The euro currency eliminates exchange rate complications for European Union buyers, while banking infrastructure accommodates international transactions smoothly.
The Lefkada property market shows consistent appreciation, particularly for well-located properties with sea views and renovation potential. As Greece's tourism sector continues expanding and remote work enables extended stays, demand for vacation properties intensifies. This unfinished status actually positions you advantageously—completed luxury villas in similar locations now command prices well above one million euros, while this property allows you to build equity through thoughtful renovation while controlling final costs.
Climate considerations matter for vacation home ownership, and Lefkada delivers exceptional weather patterns. Summers are reliably sunny and warm, with July and August temperatures reaching 28-32°C, cooled by afternoon breezes from the Ionian Sea. Spring arrives early, with wildflowers blooming by April and comfortable temperatures perfect for hiking and exploring. Autumn extends well into October, often providing the year's finest weather—warm seas, fewer crowds, and that golden Mediterranean light photographers covet. Even winter remains mild compared to northern Europe, making the property suitable for off-season retreats, though summer remains the prime vacation season.
Key features of this renovation opportunity include: 400 square meters of interior space across three levels providing exceptional flexibility for layout design • 8,000-square-meter plot offering privacy, gardens, pool potential, and possible subdivision • Panoramic views encompassing mountain villages and the Ionian Sea • Modern 2024 construction with established foundations and structural integrity • Water and electricity connections already installed, simplifying renovation logistics • Located on quiet hillside road ensuring privacy while maintaining easy beach access • Ten-minute drive to Mikros Gialos Beach, one of Lefkada's most popular destinations • Proximity to Poros village with authentic tavernas, markets, and local services • Flat roof design enabling rooftop terraces with 360-degree views • Basement level suitable for wine cellar, entertainment space, or guest suites • Potential for subdivision creating two separate building plots • 70 kilometers from Aktion Airport with European connections • Strong vacation rental market supporting investment returns • Surrounding forest and natural landscape protecting future views and ambiance.
The opportunity here extends beyond real estate into lifestyle creation. Imagine summers where your children learn to sail in protected coves, where extended family gathers for celebrations on your terrace overlooking the sea, where you disconnect from daily pressures and reconnect with what matters. Picture yourself shopping for dinner ingredients at the morning market, preparing meals with ingredients you can taste the sunshine in, and sharing wine under the stars while waves whisper against the shore below. This is the vacation home experience that transforms from luxury into necessity—the place that becomes your family's anchor, your personal retreat, and perhaps your wisest investment.
Whether you engage local contractors familiar with Greek building traditions or bring in international designers to create something entirely contemporary, this property provides the framework for realizing your Mediterranean vision. The renovation journey itself becomes part of the story—selecting tiles in Athens workshops, discovering that perfect antique door in a village market, watching your vision materialize against that incomparable backdrop of sea and sky.
This property represents a rare convergence of location, potential, and value in Greece's vacation property market. Contact Homestra today to receive detailed information about the property, including construction plans, subdivision possibilities, and connections to qualified architects and contractors who can help you evaluate renovation costs and design options. Your Greek island retreat awaits—not as someone else's finished vision, but as your personal masterpiece in the making.
