Olive Estate with Development Potential, Heraklion, Heraklion, Crete | Property for sale | Savills
1,693,314.53 sq ft
Asking price €950,000(HK$8,355,155)

Olive Estate with Development PotentialHeraklion, Heraklion, Crete

    1,693,314.53 sq ft(G)

    Key features

    • Road access
    • Approx. 4,000 olive trees
    • 200 sq.m. residence
    • Non-forest designation
    • Multiple buildable parcels
    • Licensed water rights & borehole

    157,314 sqm olive estate with buildable parcels, water resources and development potential in Foinikia, Heraklion.

    About this property

    • A substantial 157,314 sq.m. certified organic olive estate in Foinikia, Heraklion, with approximately 4,000 mature olive trees, licensed water rights, a private 25-metre borehole and full irrigation infrastructure.

      Beyond its established agricultural operation, the estate offers significant development potential, subject to planning and land-use approvals. Potential uses include residential and tourist residences, while hotel development allows a building coefficient of 0.18 for the first 50,000 sq.m., equivalent to approximately 9,000 sq.m. of building area. Commercial storage and industrial/light industrial uses are also permitted, subject to the applicable regulations.

      The property also includes an approximately 200 sq.m. residence and traditional stone ruins with potential for restoration, subject to approvals.

    Local information

    • Located in Foinikia, the estate sits within easy reach of Heraklion city and the international airport, while maintaining a rural and productive agricultural setting. The wider area is well connected and benefits from strong year-round accessibility.

    Additional information

    • Heraklion Centre – 7 km (4 miles)

    • Heraklion Airport – 14 km (8 miles)

    • Kastelli Airport – 48 km (30 miles)

    • Rethymno – 80 km (50 miles)

    Property Number: GRATHSAVF53314

    Last update: 15 September 2026

    For more information, please refer to: https://www.savills.com.hk/find-a-property/property-selection/international-residential.aspx

    Disclaimer
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