Cyprus New Build That Feels Like It’s Floating Over the Mediterranean Lists for €3.19M
The modern five-bedroom villa is in the island’s popular Paphos district
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A lavish and contemporary villa in Cyprus that sits right on sparkling waters of the Mediterranean Sea has hit the market for €3.19 million (US$3.45 million).
Villa 82, as it’s known, is set in a private gated community within the island’s Paphos district alongside one of the top beaches in the region, according to the property’s developer Leptos Estates, which brought the home to the market earlier this month.
Cyprus has become an increasing wealth hub, as it draws affluent migrants through its golden visa program. Its prime home values have benefited, with prices rising more than 7% in 2023, according to a report earlier this year from Knight Frank.
The three-story house boasts a contemporary interior, but while there are modern finishes and fixtures throughout, it also incorporates elements of Cyprus’s traditional architecture, including stone pillars, alcoves and polished marble flooring, according to the listing.
The open-plan hub of the five-bedroom home has a dining area, a sleek custom kitchen and a double-height living room. The space is lined with walls of windows taking in views that give the impression of the rooms floating on the sea.
It’s an “exquisite property,” and “offers a truly luxurious lifestyle,” said Pantelis Leptos, co-president of Leptos Group of Companies.
With “ample space for both relaxation and entertainment, the villa features a range of special amenities, including [the] spacious living room and a spectacular infinity pool that overlooks the Mediterranean Sea,” he added.
Outside, alongside the pool, are private landscaped gardens and large verandas for sunbathing.
Cyprus is “the perfect place to live and renowned for its fabulous beaches, which draw people from all over the world,” Leptos said. “There is so much to enjoy here.”
Paphos, meanwhile, ranked as the most popular tourist destination within Cyprus over the last two years, with 36% of all inbound travellers to the island visiting the coastal city between 2022 and 2023, according to a news release.
“With the increased level of tourism being experienced, Cyprus is well placed to provide opportunities for luxury living,” he said.
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On the owner’s deck, a 20-metre swimming pool incorporates Feadship’s patented ContraWave technology and extends indoors as a suspended, glass-bottomed infinity pool.
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Mirvac’s 45-level Trielle has topped out at Yarra’s Edge, pairing riverfront apartments with wellness facilities, private dining and resident services.
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Mirvac has topped out Trielle at Melbourne’s Yarra’s Edge, with more than 70 per cent of the riverfront development sold and approximately 80 per cent of purchasers intending to make their apartment a home.
The figures, released on September 22, point to an owner-occupier audience for one of the precinct’s final residential towers. Mirvac began developing Yarra’s Edge in 2003, and its latest addition occupies one of the remaining absolute riverfront sites.
Mirvac CEO of Development Stuart Penklis said existing residents were among those moving up within the neighbourhood.
“Many purchasers already have a connection to Yarra’s Edge,” Mr Penklis said, describing buyers whose changing needs were encouraging an upgrade within the precinct.
“As one of the final residential towers within Yarra’s Edge, Trielle represents the culmination of more than two decades of creating one of Melbourne’s most established and sought-after waterfront communities,” Penklis said.
“Positioned on the Collins Street axis with absolute river frontage, Trielle offers residents a rare opportunity to enjoy sweeping views across the Yarra River, Melbourne skyline and Port Phillip Bay, while remaining seamlessly connected to the CBD. With Trielle now more than 70 per cent sold, we’re continuing to see strong demand from buyers seeking quality homes in established locations.”
The developer also flagged a penthouse and sub-penthouse collection with larger layouts, premium finishes and broad outlooks. The planned wellness centrepiece, The Oasis, encompasses a 900-square-metre elevated urban rainforest.
Mirvac General Manager Residential Development Victoria Elysa Anderson said Trielle had resonated strongly with buyers seeking a rare lifestyle offering in Melbourne.
“Opportunities to secure a new luxury residence on a riverfront site of this calibre are incredibly rare, particularly within a community like Yarra’s Edge,” Anderson said.
“What makes Trielle unique is the combination of exceptional views, world-class residential facilities and the lifestyle that already exists around it. Residents are buying into a mature waterfront community with parks, promenades, dining, wellness and strong community connections already in place.”
The 45-level tower brings a substantial new presence to that waterfront. Its residential offering spans one-, two-, three- and four-bedroom apartments, with Signature, Prestige and Sub-Penthouse collections accommodating different household sizes. The north-facing position connects the apartments visually to the river and city beyond.
Seven storeys above the promenade, the planned Oasis combines planting and a running stream with a Scandinavian-inspired wellness club developed with spa specialist Naomi Gregory. Facilities include a 25-metre lap pool, hot magnesium pool, sauna, hydrotherapy, a gym, yoga and Pilates room, and treatment spaces.
The amenity extends beyond exercise. Residents will have access to The Biblioteca library and workspaces, ground-floor work pods, and The Salone piano lounge. A private Chef’s Table dining room offers a setting for larger gatherings, while a cinema, games room and sports lounge broaden the entertaining options. Concierge services and a dog-wash area support everyday routines.
Trielle comprises a collection of one, two, three and four-bedroom residences. Reflecting strong demand from owner occupiers, approximately 80 per cent of purchasers to date intend to live in their homes, highlighting the project’s appeal to those seeking a long-term waterfront lifestyle.
Mirvac has recently delivered The Albertine, a premium apartment development on the edge of Melbourne’s CBD, and is nearing completion of Prince & Parade in Brunswick, further strengthening its portfolio of thoughtfully designed apartment communities in some of Melbourne’s most sought-after urban locations.
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