Blue Bay 4 — Feasibility Report | Lagonisi Athens Riviera €815,000 Maisonettes
- M. Sami Akbeniz
- 21 hours ago
- 3 min read
LAGONISI · ATHENS RIVIERA · GREECE GOLDEN VISA PROGRAM — FEASIBILITY REPORT
Blue Bay 4 — Feasibility Report
Six free-standing, three-level maisonettes with private pools on the Apollo Coast of the Athens Riviera — a turn-key Mediterranean home and a Greek Golden Visa via the standard €800,000 route. This report sets out the numbers, the process and the risks.
Snapshot
Entry price: €815,000 (B1–B4) · €830,000 (A1–A2)
Units: 6 free-standing maisonettes (Complex A: 2 · Complex B: 4), 3 levels each with a private internal lift
Areas: 172–175 m² interior · 254–280 m² total (incl. 62–91 m² exclusive-use garden) · 3 balconies · private 12 m² pool · parking
Layout: up to 4 bedrooms · 3 bathrooms · fully furnished, turn-key
Golden Visa: eligible via the standard €800,000 Attica route (single property ≥120 m²) — 5-year renewable permit + Schengen
Specification: Energy Class A · heat-pump fan-coil · solar water heater · 10 cm external insulation · thermal-break double glazing · smart security
Delivery: June 2027 · Homeward Development
Location & accessibility
Blue Bay 4 sits on Leoforos Anavyssou in Lagonisi, the serene southern crown of the Athens Riviera where the Saronic Gulf meets pine-clad hills.
Destination | Mode | Time / distance |
The Ellinikon regeneration | By road | < 20 min |
Saronic Gulf beachfront | Short drive | Nearby |
Grand Resort Lagonissi | Short drive | Nearby |
Saint Lawrence School | Short drive | Nearby |
Athens city centre | By road | ~45 min |
Athens Int. Airport | By road | ~35 min |
The investment math
Indicative acquisition costs on the €815,000 entry unit (transfer-tax basis; new-build VAT remains suspended on Greek residential transactions). Final figures depend on the deed structure — confirm with Avla and your lawyer.
Item | Indicative amount |
Purchase price (B1–B4) | €815,000 |
Transfer tax (≈3.09%) | ~€25,200 |
Notary, legal & land registry (≈3–4%) | ~€25,000–33,000 |
Total cash-in (indicative) | ~€865,000–873,000 |
Indicative rental return
A furnished waterfront-belt maisonette with a private pool can target the following — indicative, not guaranteed:
Metric | Indicative |
Gross yield on price | ~3–4% |
Tenant profile | long-let families · premium seasonal |
Hold to maintain the Golden Visa | 5 years (renewable) |
The thesis blends lifestyle and residency: a scarce, free-standing pool home minutes from The Ellinikon, secured alongside full EU residence for the family.
The Golden Visa route
Lagonisi is in Attica, where the standard Golden Visa threshold is €800,000 for a single property of at least 120 m². At €815,000 and 172–175 m² of interior, Blue Bay 4 clears the standard route directly — no conversion mechanics required. The permit is renewable every five years and covers spouse, children under 21 and dependent parents, with Schengen free movement.
Step 1: reserve a unit and sign — typically a ~10% deposit
Step 2: obtain an AFM tax number and open a Greek bank account (by power of attorney, without travelling)
Step 3: complete the purchase and submit the residence-permit application
Step 4: receive a 5-year renewable permit for the whole family
Risks & notes
Off-plan delivery: delivery is scheduled for June 2027; payments are staged against construction milestones.
Indicative figures: rents, yields and acquisition costs above are estimates for guidance, not a guarantee of return.
Scarcity: only six homes will ever exist — availability is not guaranteed until reserved.
The asset: Blue Bay 4
Each maisonette is a free-standing, three-level home with a private internal lift, a private swimming pool, an exclusive-use garden and three balconies — delivered fully furnished, Energy Class A. View the full Blue Bay 4 listing and gallery here.
Avla Gayrimenkul A.Ş. — your trusted partner for the Greek Golden Visa. Request the full Blue Bay 4 dossier and a personalised cost breakdown.
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