Block Of Flats, 336 sqm, Arkadi

Unfinished 336 sq.m. House in Loutra, Rethymno – Unique Opportunity for Custom Living or Investment. Located in the charming village of Loutra, just a 15-minute drive from Rethymno, this unfinished two-story house with a basement offers a total of 336 sq.m. on a 700 sq.m. plot. The property is at the masonry stage and provides the perfect opportunity to design and complete your dream home or a profitable investment project.The building consists of a basement, ground floor, and first floor, each approximately 120 sq.m., with the potential to be configured either as a single spacious residence or as multiple independent apartments. The basement also offers residential potential. Positioned within the village boundaries, the property enjoys an elevated location with panoramic views of the surrounding countryside and sea from the upper levels. Wraparound balconies on every floor ensure abundant natural light and outdoor living throughout the day. The building permit is valid and active, allowing the new owner to proceed without delays or legal complications under current urban planning regulations. Key Features: Total area: 336 sq.m. (basement + ground floor + first floor)
Plot size: 700 sq.m.
Surrounding balconies on all levels
Panoramic views including sea view from upper floors
Located within village limits
Active building permit
Flexible layout: ideal for a large family home or up to 3–4 separate units
Suitable for permanent residence or rental exploitation