Elounda Hills
A 1 Hotel & Homes resort with two hotels, a marina and five residence collections, selling off-plan on Crete while the developer's opening date has moved out to 2029.
Artist's rendering, Elounda Hills. A computer-generated impression released by the operator; the completed building may differ.
- Price
- EUR 863,000
- Stage
- Selling
- Bedrooms
- 1 to 8
We tell you what is available and arrange the introduction.
The property
Elounda Hills sits on a hillside above Mirabello Bay on the north-east coast of Crete, a short drive from Agios Nikolaos. The property pairs two hotels, a 129-key 1 Hotel & Homes at the hilltop and a 15-suite hotel at the marina, with five residence collections, a 64-berth marina and yacht club able to take larger vessels, and a Bamford Wellness Spa. The hotel is the first European property for 1 Hotels.
Read the full picture
Every residence collection is managed by 1 Hotel & Homes, and the split of roles was set out at launch: the developer builds the property, SH Hotels & Resorts operates it. The operator works to a contracted residents services schedule rather than a loose promise of hotel access. Standard items include priority status for hotel room reservations at resident rates and 24-hour concierge, access control and bellman services; à la carte services are charged separately and run from pre-arrival kitchen and pantry stocking to in-home dining and a personal chef on request.
The opening date has moved twice. The 2021 launch promised a summer 2025 debut, 2026 was the next date, and the developer's current position is 2029. Construction began in the first quarter of 2022. A date that has travelled four years belongs in a purchase decision as a risk, not a milestone. One piece of timing runs the other way. Kastelli International Airport is due to open in 2028, around twenty minutes by car, which shortens the transfer that has always counted against Crete in this bracket.
Asking prices start at EUR 863,000 for the Hilltop apartments and duplexes, EUR 1,980,000 for the fifteen Terrace Villas and EUR 2,300,000 for the twenty-one Mirabello Villas. The twenty-four Marina Collection apartments are sold out. Above all of them sit seven Waterfront Villas of five, seven and eight bedrooms with interiors by Ralph Lauren Home, priced on request. The visible ladder is not the top of the property. Asking prices move, so every figure is re-checked before it reaches a buyer.
Floor areas are given differently for four of the five collections, so no size is reproduced here except the Waterfront band, where the figures agree; the rest are to be confirmed of the specific home. Tenure is freehold with foreign ownership permitted, confirmed collection by collection at the point of offer. The service charge, association budget and management fee are to be confirmed. Buyers weighing the Greek residence-by-investment route should know that Crete falls in the EUR 800,000 tier under Law 5100/2024; lower thresholds quoted in some marketing material do not apply to a new-build home in Lasithi, and the current rule is worth confirming with an immigration lawyer before it shapes a purchase.
- Operator
- 1 Hotel & Homes operates the hotels and manages all five residence collections. SH Hotels & Resorts was named as the operating company at launch, with the developer building the property.
- Hotel on site
- A 129-key hotel at the hilltop plus a 15-suite hotel at the marina, 144 keys, and 1 Hotels' first property in Europe.
- Opening
- 2029 on the developer's current position. Construction began in the first quarter of 2022; earlier dates of summer 2025 and 2026 have both passed.
- Marina and spa
- A 64-berth marina with a yacht club and mooring for larger vessels, plus a Bamford Wellness Spa.
- Access
- Kastelli International Airport is due to open in 2028, around twenty minutes by car from the resort.
- Asking ladder
- Apartments from EUR 863,000, Terrace Villas from EUR 1,980,000 and Mirabello Villas from EUR 2,300,000, all read in September 2026. The publisher dates none of them, and the top collection is unpriced.
- Availability
- Three collections remain marketed. The Marina Collection apartments are sold out.
- Floor areas
- Floor areas are given differently for four of the five collections, so no size is quoted here beyond the Waterfront Villas; the rest are to be confirmed of the specific home.
- Tenure
- Freehold with foreign ownership permitted, confirmed collection by collection.
- Residence by investment
- Crete, including Lasithi where Elounda sits, falls in the EUR 800,000 tier of the Greek programme under Law 5100/2024. Confirm the current rule with an immigration lawyer before it shapes a purchase.
The homes
Named exactly as the developer or the seller's agent names them. Sizes appear only where they are published.
Hilltop Residences
1, 2 and 3 bedrooms, apartments and duplexes bed
The developer calls this collection Hilltop Residences; it is also marketed under another name with different floor areas. The count of homes in the collection is to be confirmed.
Marina Collection
2, 3 and 4 bedrooms, twenty-four apartments bed
Sold out, so no entry price is presented here.
Terrace Villas
2 and 3 bedrooms, fifteen duplex villas bed
Mirabello Villas
Twenty-one villas; bedroom counts not published bed
Waterfront Villas
5, 7 and 8 bedrooms, seven villas bed · 555-907 sqm, on plots up to 3,200 sqm
The top collection, with interiors by Ralph Lauren Home, priced on request. These are the only floor areas given identically everywhere.
Owning it
How title works here, what is on the market, what it costs to run and what happens when you are away. Open the one that is your question.
How ownership works here
Freehold, with foreign ownership permitted. Tenure terms are to be confirmed, and the service charge, association budget and management fee are to be confirmed.
Leasehold or freehold: which is better?
Each has its advantages, and we would not steer a buyer to one over the other in the abstract. Freehold is title in perpetuity: the home is yours outright, it passes to your heirs without a clock on it, and it is the simpler asset to finance and to sell to the widest pool of buyers. Leasehold is normally structured to 90 years, as a 30-year registered term with two further 30-year terms written into the contract in Thailand, or as a 99-year term in markets such as Singapore, and it is the route to a villa on its own land where the law keeps freehold land in local hands. On resale a lease is assigned rather than a title transferred, which in Thailand means a fraction of the transfer fees and taxes a freehold sale attracts, and a well-run branded estate keeps its resale value on the strength of the operator and the address rather than the tenure. What matters is the specific home: the years left on the term, how the renewals are secured, and what the purchase pack says about assignment. We put those three questions to the developer or the seller's side before any offer, and we tell you what comes back.
What is available now
Three of the four priced collections remain available; the Marina Collection apartments are sold out. Launch-phase unit counts age quickly, the sold-out collection shows how quickly, so remaining stock is checked collection by collection at the point of enquiry. The Waterfront Villas sit above the visible ladder and are handled privately.
Letting it when you are away
There is a professionally managed rental programme, and every collection is managed by 1 Hotel & Homes. Owners place the home into the operator's letting programme rather than running it themselves, with one year of complimentary property management on a purchase. The revenue split, occupancy assumption and return are to be confirmed, and we give no figure.
Who is behind it
Developer
Lozeus Hellas; the 2021 launch named Mirum Hellas as the developing party
Architecture and interiors
Elastic, D73 and Makridis Associates; Waterfront Villa interiors by Ralph Lauren Home
The hotel on site
Two hotels operated by 1 Hotel & Homes: a 129-key hotel at the hilltop and a 15-suite hotel at the marina, 144 keys in total. The hotel is the brand's first property in Europe.
Completion
The developer's current position is a 2029 opening; construction began in the first quarter of 2022. The date has moved twice (the 2021 launch promised summer 2025, then 2026) so 2029 is the developer's current position rather than a settled handover.
Where it is
Agios Nikolaos, Crete, Greece.
Ask about Elounda Hills
Three short steps. We come back with what is available and arrange the introduction.
How this works
Via Privata is a travel advisory. We do not sell property and we are not the developer, the seller, or a licensed real-estate broker in any of the markets on these pages. What we do is introduce a buyer to the developer or to the agent selling a home, and stay alongside for the parts we are useful for. The sale is concluded directly between you and them.
Where an introduction leads to a purchase we may be paid a fee by the developer or its appointed agent, and we do not act for both sides of the same transaction.
Every price on these pages was verified by us against a live published asking price on the date shown. Asking prices and availability in this market move constantly, so treat every figure as indicative and as of its stated date, and expect it to be re-confirmed before anything is agreed. Where a figure is not published anywhere, we say so rather than estimate it. Ask us and we will tell you what is available today and arrange the introduction.
In the United Arab Emirates, introductions run through a licensed local brokerage. Dubai requires a Trakheesi permit, issued per advertisement to the brokerage holding the listing, so a UAE property carries an asking price here only where that brokerage's permit number is shown on its page. Where no permit covers a page, the page reports the property and quotes nothing.
Where a residence has a rental programme we describe how it works and nothing more. We publish no yield, no projected return and no occupancy figure, for any property, anywhere.
None of this is investment, tax, immigration or legal advice. Buying across a border has consequences that depend entirely on your own position; take independent local counsel and your own valuation before you commit to anything.