Cyprus New Build That Feels Like It’s Floating Over the Mediterranean Lists for €3.19M

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.

A new property portal providing an overview of all properties — for sale or not — is proving a hit with buyers.

February data from market research analyst IPSOS shows that View.com.au is now Australia’s fastest growing residential property portal with 102 percent growth in unique audience since October last year. The rapid rise means it is now challenging longstanding property portal, Domain.com.au, for second position behind realestate.com.au, which remains the most popular property website in the country.

View.com.au is headed up by seven former Domain executives, including former Domain CEO Anthony Catalano. The team were responsible for growing Domain to a $2.2 billion listing on the ASX.

Anthony Catalano fronts the team at View.com.au

Chief marketing officer for View.com.au, Paul Tyrell said the audience growth for the relatively new portal was ‘fantastic’.

“Our consumer proposition is unique and features over 136,000 properties for sale, however it offers a complete view of the market with access to nearly 11 million properties Australia wide, with buyers able to express interest in properties even if they’re not for sale,” Mr Tyrell said. “All delivered by best in class mapping from Nearmap.

“To be the fastest growing property portal in the country is a testament to the hard work of the team and a clear demonstration of the need for a competitive alternative in the property portal space.”

Mr Catalano said View.com.au offered a genuine alternative for agents.

“We can make it free or keep prices low because VMG’s business model is not predicated on listings revenue, where the only option is annual price increases,” he said. “We’re creating a true property ecosystem that caters to all steps along the property journey. View will soon bring finance propositions to market with our banking partner ANZ.”

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

The team behind one of Australia’s biggest property sites is now enjoying rapid growth with a new portal offering unique insights