LAGONISI · ATHENS RIVIERA · GREECE GOLDEN VISA PROGRAM — FEASIBILITY REPORT
Blue Bay 4 — Feasibility Report | Lagonisi Athens Riviera €815,000 Maisonettes
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%) | ~€24,300 |
| Total cash-in (indicative) | ~€864,500 |
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.
A senior economist, graduate of Université Paris 1 Panthéon-Sorbonne, and a graduate of Istanbul University Business Administration with 33 years in business; founder of Avla. Today the focus is Greece: homes for Golden Visa and for investment. He reads every shortlist and every agreement himself.
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