Stone-Built Two-Story Villa of 288 sqm in Armenoi, Rethymno

Building Area: 288 sqm (144 sqm per floor)

Plot Area: 400 sqm

Property Description
This property is a true architectural gem waiting for the right investor to bring out its full brilliance. Nestled in the heart of the Cretan countryside, this impressive, unfinished two-story villa offers a total surface area of 288 sqm and is built entirely of stone. Situated on an independent 400 sqm plot, the property sits in an exceptionally peaceful and serene environment, offering ultimate privacy, the warmth and elegance of natural stone, and direct connection with the surrounding natural landscape.

The villa spans two levels of 144 sqm per floor. The solid stone construction ensures unmatched aesthetics, superior natural insulation, and timeless value. The property’s unfinished state (requiring completion/renovation) serves as its greatest advantage, allowing the new owner to showcase the exposed stone interior and configure the layout according to personal taste or the requirements of a high-end business plan.

Outdoor Spaces & Amenities
The outdoor area perfectly complements the traditional stone character of the building and is designed to provide moments of absolute luxury:

Large Courtyard: Ideal for creating lush gardens, stone-paved pathways, and outdoor lounge areas.

Swimming Pool: Ready to become the central point of cooling and relaxation during the summer months.

Barbecue Area: Perfectly set up for memorable social gatherings and family moments.

Parking: The property includes its own private parking space, with additional ample and convenient parking options available all around the perimeter of the plot.

High Commercial Investment Potential
This property stands out as an exceptional investment opportunity for commercial exploitation. Stone-built villas remain the top choice for premium visitors looking for an authentic stay in Crete. Upon completion of the renovation, it can operate as an ultra-luxury villa for short-term rentals (such as Airbnb), targeting high-net-worth tourism, or it can be divided into independent, self-contained stone apartments.

Its greatest advantage? While it offers the tranquility of nature, it is literally close to everything. Within short walking distance, the village features a fully equipped local market, including a supermarket, pharmacy, traditional cafes, and excellent restaurants and tavernas.

About the Settlement of Armenoi
Armenoi is one of the most renowned, beautiful, and traditional villages in Rethymno, making it the ideal setting for a stone-built property of this caliber. It is characterized by its verdant landscape, centuries-old oak trees, and authentic Cretan architectural heritage.

The location is highly strategic, situated very close to Rethymno town (just a few minutes’ drive), allowing immediate access to the urban center. At the same time, it provides direct and easy access to the Northern Road Axis of Crete (BOAK), making travel to Chania, Heraklion, as well as the famous southern beaches of the prefecture, exceptionally fast and convenient. It is the perfect location that seamlessly combines countryside serenity with city convenience.