Hidden Gem

Hailed as Greece’s best kept secret, Kea Island – the closest Cycladic island to mainland Greece is poised to welcome a new arrival in 2021 ‘that will redefine the hospitality landscape in the Aegean’.

Luxury Greek developer Dolphin Capital, in partnership with Kerzner International, has started construction of One&Only Kéa Island – a high-end resort with private residences.

One&Only Kéa Island, is the second European resort for the brand,  which will aim to offer a ‘definitive luxury lifestyle experience’ showcasing the rich culture and unspoilt charm and character of the island. The collection of suites and private homes on offer will be set into the hills within a secluded bay, providing sea views for residents.

Part of a 60-hectare beachfront site along the island’s western coastline, the new resort will include 75 resort villas and a limited number of One&Only private homes, ranging in size from one-bedroom upwards. The homes aim to offer the best of indoor and outdoor living, as well as airy light-filled rooms, family gathering spaces, party-ready kitchens, hillside terraces and private infinity pools overlooking the sea.

Home owners will also benefit from privileged access to the resort, including a range of amenities such as a state-of-the-art spa and a private beach club, as well as a number of restaurants and bars serving fresh cuisine and daily catches of the day.

In order to mark the launch of sales for the private homes, Dolphin Capital has revealed plans for three fixed design villas available to purchase, all with a guaranteed rental return of 4% across eight years. These homes – two 2-beds and one three-bed – offer private access to the sea and freehold ownership.

Managed by One&Only, each of the private homes will be constructed on two levels in plots of at least 2,000m2, offering spacious indoor and outdoor living areas, fully landscaped outdoor spaces and secluded swimming pools.

“The island of Kéa has remained relatively undiscovered despite being steeped in heritage, and an abundance of iconic landscaped scenes,” Miltos Kambourides, founder and chief executive at Dolphin Capital Partners, said.

“Coupled with its close proximity to Athens, Kéa offers the ideal location for what will be the ultimate luxury resort with private residences on the Aegean shoreline, and probably the entire Mediterranean. We’re committed to creating an incredible destination retreat of the highest standard – across both design and service – all the while continuing to support local economies. One&Only Kéa Island presents a unique opportunity to invest in a branded seafront Private Home that will last a lifetime.”

Prices for a turnkey two-bed private home at One&Only Kéa Island - start from €3 million.

Meanwhile, according to the Bank of Greece, the Golden Visa programme seems to be stimulating Greece’s previously slow housing market, attracting foreign investment to the tune of €736 million in the first half of 2019, up by 94% compared to the corresponding period in 2018.

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