2nd Community of Heraklion - Eastern

2nd Community of Heraklion - Eastern | Heraklion

A Crown of

Estate Design

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THE AGENCY MECE

Presented At

€530,000

Bedrooms

Bathrooms

Living

991

SQM

Stories 5

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2nd Community of Heraklion - Eastern

2nd Community of Heraklion - Eastern | Heraklion

2nd Community of Heraklion - Eastern, Heraklion, Greece. , 2nd Community of Heraklion - Eastern , Heraklion

Newly Built Apartment for Sale 92 sq.m., 5th Floor, 200 m from the Sea – Heraklion Crete €530,000

Thank you for your interest in our properties in Crete. You can view all available listings on our website: 👉 [hidden information]

For sale: a newly built apartment on the 5th floor, with a total area of 92 sq.m., located just 200 meters from the sea, in one of the most sought-after neighborhoods of Heraklion, Crete.
Completed in 2024, the property features Energy Class A+, combining modern aesthetics, premium materials, and high energy efficiency.

The apartment consists of two bedrooms with built-in wardrobes, one of which has an en-suite bathroom, a spacious open-plan kitchen, dining, and living area, and a second bathroom.
A large balcony offers unobstructed sea views and abundant natural light.

On the ground floor, there are two private parking spaces and a storage room.
This property stands out for its architectural design, top-quality construction, and proximity to the sea, making it ideal for permanent residence or a high-return investment.

Property Features

Size: 92 sq.m.

Floor: 5th

Year of Construction: 2024

Energy Class: A+

Distance from Sea: 200 m

Bedrooms: 2

Bathrooms: 2

Open-plan kitchen – dining – living area

Individual heating (oil)

Air conditioning

Solar water heater

Aluminum window frames

Tiled floors

Fly screens

Security door

Internal staircase

Elevator

Storage room

Two parking spaces

Sea and city views

Bright and corner layout

FAQ

How far is it from the sea?
Only 200 meters, easily reachable on foot.

When was the building constructed?
In 2024, with modern specifications and Energy Class A+.

Are there parking spaces?
Yes, two private parking spaces on the ground floor.

Is there a storage room?
Yes, a private storage room is included.

What kind of view does it offer?
Unobstructed sea and city views from the spacious balcony.

Is it suitable as an investment?
Yes. Its prime location and modern design ensure high rental yield and long-term value appreciation.

Location: East Heraklion – a quiet, family-friendly, and fast-developing neighborhood close to parks, schools, and the seaside promenade.
Sale Price: €530,000

🏷️ Consultant: Paraskevi Pitsouli
📞 Phone: [hidden information]
📧 Email: [hidden information]

🌐 Website: [hidden information]

THE AGENCY MECE – Your luxury real estate lifestyle begins here.

Exterior

Property

Gallery

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Property Location

2nd Community of Heraklion - Eastern, Heraklion, Greece., 2nd Community of Heraklion - Eastern Heraklion

Local Weather & Climate

2nd Community of Heraklion - Eastern, Heraklion

Current Conditions Updated recently

64 °F

Light rain

Feels Like 64°F

Humidity 69%

Wind 12 mph

Visibility 6.2 mi

Sunrise 4:26 AM

Sunset 4:28 PM

5-Day Forecast

Wed 18 Mar

Rain

High 64°

Low 59°

Thu 19 Mar

Rain

High 56°

Low 52°

Fri 20 Mar

Rain

High 52°

Low 49°

Sat 21 Mar

Rain

High 53°

Low 52°

Sun 22 Mar

Rain

High 55°

Low 53°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around 2nd Community of Heraklion - Eastern?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

€

Down Payment

€100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for Eurozone. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on Eurozone tax year 2025 (fiscal year: January-December). Tax laws change frequently and may have been amended since this data was compiled.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

$53,000,000

2nd Community of Heraklion - Eastern, Heraklion, Greece.

2nd Community of Heraklion - Eastern, Heraklion

2 Beds

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Market Opinion

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Our perspective on current market conditions in 2nd Community of Heraklion - Eastern. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis

International luxury real estate typically appreciates steadily over time.

Buyer Score

Estimated regional appreciation: 4% annually

Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $53,000,000 20% down ($10,600,000)

Investment Perspective

$1 → $1.36

Every dollar invested today could become $1.36 in 10 years

$100 → 136 $1,000 → $1,362

$4,554/day

Your home may appreciate while you sleep

$31,968/week $138,526/mo $1,662,311/yr

$100K Investment Comparison (10 Years)

Real Estate (Leveraged)

$281K

S&P 500 Index

$259K

High-Yield Savings

$155K

Real estate leverage: potential 8% advantage over stocks

-$29.2M

+$41.4M

$41.4M Potential Equity

vs $29.2M lost to rent over 10 years

$10.6M Down Payment Growth

3.9x

10yr

$41.4M

8.1x

20yr

$85.7M

12.6x

30yr

$133.9M

Wealth Comparison

×319

Equivalent to 319 average US homes

top 5%

US household wealth ranking

Median: $193K Yours: $133.9M

Time to Double Your Investment (accounting for market cycles)

42.4

years

Conservative

1.65% effective/yr

22.4

years

Market-Based

3.14% effective/yr

15.3

years

Optimistic

4.62% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $62.4M +18%

Market $72.2M +36%

Optimistic $83.3M +57%

$41.4M est. equity

20 Years

Conservative $73.5M +39%

Market $98.3M +85%

Optimistic $130.9M +147%

$85.7M est. equity

30 Years

Conservative $86.6M +63%

Market $133.9M +153%

Optimistic $205.7M +288%

$133.9M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 2nd Community of Heraklion - Eastern, Heraklion, Greece have?

This apartment at 2nd Community of Heraklion - Eastern, Heraklion, Greece features 2 bedrooms with 991 square feet of living space.

What is the size of 2nd Community of Heraklion - Eastern, Heraklion, Greece?

This property offers 991 square feet of living space.

What is the listing price for 2nd Community of Heraklion - Eastern, Heraklion, Greece?

This property is listed at $53,000,000, which equals $53481 per square foot.

Is now a good time to buy a home in 2nd Community of Heraklion - Eastern?

Based on current market indicators, 2nd Community of Heraklion - Eastern shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.

What type of property is 2nd Community of Heraklion - Eastern, Heraklion, Greece?

This is a apartment located in 2nd Community of Heraklion - Eastern, Heraklion. The property is situated in an established neighborhood with convenient access to local amenities and services.