A plot of land is available for sale in the area of Plaka, Elounda, Lassithi. The total size of the plot is 42,000 m², with 16,500 m² within the town plan. It is located in the traditional fishing village of Plaka with unlimited sea views and the famous medieval fortress island of Spinalonga. It is also very close to the famous resort of Elounda with the most exclusive and expensive hotels in Greece. About half of the plot is within the expanding town plan of the village, meaning that a significant number of square meters can be constructed. The town plan expansion process is in the final stage and will be approved by the Ministry of Environment in the next few months. After the plan is approved and the roads are constructed within the plot, the total remaining area will be 13,350 m², divided into 6 or 7 building squares. According to current Greek legislation, the property is suitable for the development of a five-star hotel. According to an estimate by independent specialized companies, the current value of the property is 11,750,000 euros. All necessary approvals are in place: forestry, archaeology, stream delineation, and land use. Building capacity: 10,500 m² A preliminary study and a business plan have been conducted for the construction of a 5* hotel unit with 520 - 540 beds. Immediately available. Property Code: ID 3463 RE/MAX Real | R.E.M. www.remaxreal.gr Heraklion, Crete, Ionias Avenue 22, 71306 Email: [email protected] Phone: +30 2810370598 Mobile: +30 6981465554 All properties in our portfolio are AVAILABLE, and the information provided is accurate. If you notice any inaccuracies, please contact us.