Exclusive Beachfront Development Plot in Protaras

An exceptional opportunity to acquire a 28,500 m² beachfront plot in the sought-after coastal area of Protaras, offering the potential to create an exclusive luxury villa development overlooking the crystal-clear waters of the Mediterranean Sea.

This prestigious development opportunity comes with permits already in place for a private residential complex comprising 40 luxury villas, combining contemporary design, privacy and an exceptional beachfront setting.

Approved Villa Development

The proposed development includes two distinctive villa types:

34 Three-Bedroom Villas

148 m² each

Arranged across basement, ground floor, first floor and roof garden

Two en-suite bedrooms

Private jacuzzi and barbecue area

Dedicated parking for two cars

6 Four-Bedroom Beachfront Villas

301 m² each

Arranged across basement, ground floor, first floor and second floor

Three en-suite bedrooms

Private swimming pool, jacuzzi and barbecue area

Dedicated parking for three cars

Exclusive Shared Amenities

Designed to offer a premium coastal lifestyle, the development also features a communal amenities building incorporating a cafeteria, stylish bar, swimming pool and fully equipped gym, creating an attractive environment for residents and guests alike.

Flexible Development Potential

Investors have the flexibility to proceed with the existing approved plans for the 40-villa development or explore an alternative concept for a touristic project with more than 8,393 m² of covered areas, subject to the applicable planning and licensing requirements.

The plot is held by a Special Purpose Vehicle (SPV), offering a potential acquisition structure for investors, subject to legal and tax due diligence.

A Rare Investment Opportunity

Combining a substantial beachfront location, existing development permits and the potential for a prestigious luxury or tourism-oriented project, this property represents a distinctive opportunity for developers and investors seeking to establish an exclusive destination in Protaras.

A rare opportunity to create an exceptional Mediterranean coastal development in one of Cyprus's most desirable seaside destinations.