Restored Dual Cave Houses with Private Courtyard | Santorini

A restored heritage residence in Megalochori, blending authentic Cycladic architecture with modern comfort.

Set in the heart of Megalochori,

one of Santorini’s most traditional villages, this restored 19th-century residence offers a rare opportunity to own a piece of the island’s architectural legacy. Comprising two adjoining cave houses connected through a private courtyard and garden, the property combines historic Cycladic character with modern upgrades—ideal for residential living, boutique hospitality, or adaptive-reuse investment.

Property Highlights

Location: Megalochori, Santorini, Greece
Property Type: Restored Cave Houses (Heritage Residence)
Built Area: Approx. 140 sqm interior
Outdoor Space: 60 sqm private courtyard & garden
Additional Space: Storage room (~15 sqm)
Configuration: 2 independent houses • 2 Bedrooms • 3 Bathrooms
Legal Status: Freehold • Fully registered with clean title
Distance to Caldera: 250 meters (5-minute walk)
Asking Price: €490.000

Investment Notes

This property carries strong long-term value and unique investment appeal:

Authentic 19th-century Cycladic architecture restored with quality materials
Licensed for short-term rental operations
Excellent rental yield potential in a high-demand destination
Ideal for adaptive reuse as boutique hospitality or a film/content location
Turnkey and ready for immediate use

Location Advantage

Located a short walk from Megalochori’s central square—home to cafés, small shops, and local wineries—and just 250 meters from the Caldera viewpoint, the property offers both charm and privacy while remaining close to Fira and Santorini’s southern beaches.