With approximately 6,000 islands and islets scattered across the Greek seas, the allure of private island ownership invokes dreams of a sun-drenched oasis. Greece stands as the ultimate paradise for sea lovers, an emblematic representation of serene escapes and luxurious lifestyles. The notion of owning a slice of the legendary “floating land” is highly appealing, reminiscent of historical figures like Aristotle Onassis and popular icons like Skorpios.
Although the market for private islands has evolved, the possibility of acquiring a secluded getaway remains. Whole private islands rarely come up for sale, and those that do often live in the shadows of discreet transactions. The exclusive nature of these listings means that many deals are conducted off-market, often leaving the exact location and names of islands shrouded in privacy. However, specialized luxury real estate agencies cater to the dreams of prospective buyers, serving as invaluable gateways to the Mediterranean dream.
Top Greek Private Islands for Sale
Several magnificent islands showcase the diversity and beauty available for discerning buyers.
St. Athanasios, Gulf of Corinth
Small yet picturesque, St. Athanasios is located just one kilometer from the mainland and is accessible from the coastal town of Itea. Spanning approximately 10,811 square meters (2.67 acres), this charming island is adorned with fragrant pine and olive trees. It features crystal-clear waters and a welcoming sandy beach. With a sale price of $2.2 million, it comes with an unrestricted freehold title and all necessary environmental approvals.
Stroggilo, Dodecanese
Stroggilo, spanning 54 acres in the Aegean Sea, is an enchanting sanctuary for sailors due to its generous anchorage and stunning natural beaches. Located near Skopelos, this secluded islet offers immense potential for development, although existing infrastructure is limited, marked by the ruins of an old house. It’s priced at $2.5 million.
Panteleimona, Oinousses
Panteleimona Island, located just 100 meters from the mainland, offers a blend of island beauty and proximity to amenities. Situated between Chios and the Asia Minor peninsula of Eritrea, it spans 36,710 square meters (approx. 9.07 acres) and features three small churches along with lush vegetation. Priced at $4.13 million, it holds development potential for up to 200 square meters.
Petalas, Ionian Sea
Petalas, also known as Dulichium Island, is the largest private island in Greece, covering a staggering 1,335 acres (approximately 540 hectares). This lush landscape, complete with sandy beaches and natural harbors, offers immense development potential, particularly as a luxury destination. The island is listed at around $35 million.
Makri, Ionian Sea
Located 30 kilometers east of Kefalonia, the private island of Makri features 243 acres (approximately 98.3 hectares) and boasts over seven kilometers (4.3 miles) of pristine coastline. While its forested landscape complicates expansive development due to environmental regulations, the asking price stands at $8.64 million.
Kouneli, Ionian Sea
Kouneli is a 23-acre island known for its lush vegetation, along with sloped and leveled land that enhances its development potential. Priced at $4.32 million, it has officially cleared forestry restrictions, opening doors for various projects.
Unnamed Island, Kavala
This unnamed island, located just one kilometer from the mainland, offers 11.5 hectares of buildable land. While three hectares are designated as forestland, allowing for limited development, the overall coastline presents potential for bespoke construction. Listed at $3.24 million, it combines accessibility with scenic charm.
Vouvalos, Ambracian Gulf
Nestled in the Ambracian Gulf, Vouvalos offers a picturesque escape complemented by olive groves and natural harbors with sandy beaches. The island benefits from its ecological significance as a national park area. While the current asking price remains undisclosed, its charm and natural beauty speak volumes.
Patroklos, Attica
With a rich cultural history, Patroklos is just a stone’s throw from Athens and offers 643 acres (approximately 260 hectares) of arable land. This investable property includes numerous olive trees and scenic terrain, making it a favorable spot for agriculture. The price remains undisclosed, but it symbolizes accessibility alongside substantial investment potential.
Other Notable Islands
Additional islands like Petalioi, Evia, and St. Thomas in the Saronic Gulf spotlight various opportunities for buyers interested in luxury island living. They showcase varying landscapes, glorying in a blend of leisure, accessibility, and diverse potential uses.
Practicalities of Buying Greek Private Islands
Acquiring a private island can fulfill a dream, but several practical and legal factors demand consideration.
Understanding What You’re Buying
Many listings may refer to small, uninhabited islets or extensive plots on inhabited islands. It is crucial to clarify whether the property is a whole island or merely a piece of land. This distinction influences pricing and future development plans.
Foreign Ownership and Legal Framework
The process for purchasing islands also varies based on the buyer’s nationality. Engaging a reputable agent and securing legal counsel is essential for navigating Greece’s complex property laws. Conducting rigorous due diligence, checking property titles, and ensuring compliance with planning regulations is paramount.
Additional Considerations
It is wise to engage various professionals: architects, civil engineers, and notaries. These experts can facilitate a seamless transaction, ensuring all involved parties meet legal requirements for transferring property. The necessity of obtaining a Greek Tax Registry Number (AFM) and establishing a local bank account must also be prioritized, especially for non-EU investors who may qualify for Greece’s Golden Visa program.