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A family home or a wine bar and rental apartment in the Castle of Monemvasia area

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Description

An investment or a unique family home? In this medieval house in the Castle of Monemvasia there is today a wine bar and two rental apartments but it all started with a longing for a unique holiday home in a unique location. Although the Greek Ministry of Culture recently announced (2023) plans to accelerate three major cultural development projects in the city of Monemvasia (read more here) then this property is first and foremost for you who understand the magical location.

Here you hear history whispering everywhere and are never far away from the sea and dramatic views. Here you can immerse yourself in an atmosphere of unique beauty, with magical sunsets and the crystal clear water; Greek balm for both body and soul. A perfect opportunity for those who want to invest but also an excellent location for a family villa near the sea.

“It doesn't matter where you are, you are nowhere compared to where you can get.” - Bob Proctor

Property ID: EKJ1819, Castro, Monemvasia, Lakonia, Peloponnese

This fantastic house was bought in 1964 and restored from ruins in 1972. The owners used the tower as a holiday home until 2001. They also lived in the house permanently for a couple of years and from 2011 the house was converted into a wine bar and rental business. Here you can apply for the ESPA program that is part of the NSRF (Enterprise Agreement for the Development Framework). NSRF 2021-2027 is the basic strategic plan for the country's development with the help of significant resources from the European Union Structural and Investment Funds (ESIF). More about NSRF below the link here.

The house, or rather the tower is located in a breathtaking medieval tower town, the Byzantine fortress of Monemvasia. When you enter the tower, your journey through time begins. The tower has 3 floors:

  • The top floor is today a popular AirBnB rental apartment with a private bathroom. From this floor you have a view of the rooftops, the gardens, the fortress walls and the sea
  • Downstairs is another bedroom with its own bathroom and its own exit to the Byzantine city. This floor is also used today by the AirBnB guests. Important: on this floor you can build a balcony. It took 30 years to get permission and the buyer can take over the granted building permission
  • The ground floor is accessed via an external staircase and here you will find a mezzanine (loft), kitchen area and a large living room with access to a small patio. Today, a well-visited wine bar is run on this entire floor"Byron's Wine Kamara". The wine bar offers not only wines but also stories and histories from the past.

Other facts you should know about

  • Price: €695000, please note that the owner is flexible and open to offers
  • Building year: probably around the 1000 A.D.
  • Energy certificate: will be updated shortly
  • Recent renovation: Total renovation 1970-72 and since then ongoing entertainment works. Note that a renovation will be required and the buyer may receive a report from the structural engineer. The report contains an approximate assessment of what is required to keep the house in good shape and how much the renovation work may cost
  • Livingspace: 160 m2. Today there are three bathrooms, a mezzanine, two bedrooms, a kitchen, a living room
  • Note: the map does not indicate the exact location but only shows area!

Monemvasia, Peloponnese, Greece

Monemvasia in the Peloponnese is a small fortified Byzantine town located on a cliff in the sea, 400 meters from land. The peninsula is connected to the mainland by a 200-metre headland, and here you can hike, eat and sleep. This medieval settlement is full of cozy alleys, cafes and small hotels.

The city's name comes from two Greek words: "mone (mono)" and "emvasia (envasi)", meaning "only one entrance". The city was founded in the 500th century and became a very important port for the Mistras, among others, and remained under Byzantine rule for almost 700 years. The rock is one of Greece's most impressive and famous landmarks. Feel free to visit Event page in Monemvasia.

From 1971, a bridge was built from the mainland and that was the beginning of the city's "resurrection". The Greek Ministry of Culture recently announced (2023) plans to accelerate three major cultural development projects in the city of Monemvasia in the Peloponnese, read more here.