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Thēa Mandrakia is a construction-ready luxury residential development in Milos, Greece, combining secured land, completed architecture, permits, and a selected contractor into a single investment REAL ESTATE opportunity. The investOR funds the development and receives freehold ownership of two completed villas representing 60% of the project.

INVESTMENT METRICS

$3.0M

INVESTOR CAPITAL

60%

INVESTOR OWNERSHIP

1.6x

EQUITY MULTIPLE

6.8%

NET YIELD

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ZERO ACQUISITION RISK

The 55,000 sq ft / 5,100 m² seafront site is already owned freehold. No land purchase, no option, no planning gamble.

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SHOVEL READY

Full architectural and BIM package complete, permits secured. Two years of design work delivered before day one of funding.

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CONTRACTOR RESERVED

DOMI ATE, the leading contractor in Milos with a rich portfolio, and many connections, is engaged, familiar with the project, and ready to mobilize.

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GOLDEN VISA ELIGIBLE

The investment exceeds the €800K threshold for EU residency for the investor and their family, with no occupancy requirement.

PROJECT OVERVIEW

Thea Mandrakia Aerial
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The investor funds the full construction cost, while the landowner contributeS the sites, completed architectural and BIM package, secured permits, and approximately two years of completed development work. Each party’s equity share reflects the total value of its contribution.

HOW THE DEAL WORKS

INVESTOR CONTRIBUTION

​

Construction of 4 Residences

High-end construction including structural works,

architectural finishes, MEP systems, pools, landscaping,

and site work/excavation (4.400€/m² · $477/sq ft)

​

Unified Furniture, Fixtures, & Equipment

Complete FF&E package including furniture, lighting,

appliances, equipment, and operational essentials

 

Tennis Court

Professional-standard hard court including earthworks,

drainage, base, playing surface, fencing, and nets

​

TOTAL

​

​

​

​

 2.260.000€$2,640,000

​

​

$290,000

250.000€

​

​

$70,000

60.000€

​

$3,000,000

2.570.000€

LANDOWNER CONTRIBUTION

​

Land value

Freehold site 55,000 sq ft · 5.100 m², unobstructed Aegean views,

development potential of 5,600 sq ft · 516 m²

​

Architecture, Engineering & Project Management

Architectural design, BIM/3D model, MEP,

civil engineering, topographic survey, renderings, archaeological coordination, permitting, consultant coordination,  project management, and construction supervision

​

TOTAL

​

​

​

​

 $1,500,000

1.290.000€

​

​

 

 

​

 

$500,000

430.000€

​

$2,000,000

1.720.000€

INVESTOR EQUITY

​

Villa C - 2 Bed, 2 Bath

private pool, parking, shared tennis court 

 

Villa D - 3 Bed, 3 Bath

private pool, parking, shared tennis court

​

TOTAL

​

 

 1,150 sq ft

106 m²

​

2,150 sq ft

200 m²

​

3,300 sq ft

306 m²

60%  INVESTOR

40%  LANDOWNER

LANDOWNER EQUITY

​

Villa A - 2 Bed, 2 Bath

private pool, parking, shared tennis court 

 

Villa B - 2 Bed, 2 Bath

private pool, parking, shared tennis court 

​

TOTAL

​

​

 1,150 sq ft

106 m²

​

1,150 sq ft

106 m²

​

2,300 sq ft

212 m²

INVESTOR CONTRIBUTION

​

Construction of 4 Residences

High-end construction including structural works, architectural finishes, MEP systems, pools, landscaping,

and site work/excavation

($477/sq ft · 4.400€/m²)

​

Unified Furniture, Fixtures, & Equipment

Complete FF&E package including furniture, lighting, appliances, equipment, and operational essentials

 

Tennis Court

Professional-standard hard court including earthworks, drainage, base, playing surface, fencing, and nets

​

TOTAL

​

​

​

​

​

 

$2,640,000

2.260.000€

​

​

​

$290,000

250.000€

​

​

​

$70,000

60.000€

​

$3,000,000

2.570.000€

LANDOWNER CONTRIBUTION

​

Land value

Freehold site 55,000 sq ft · 5.100 m², unobstructed Aegean views,

development potential of

5,600 sq ft · 516 m²

​

Architecture, Engineering & Project Management

Architectural design, BIM/3D model, MEP, civil engineering, topographic survey, renderings, archaeological coordination, permitting, consultant coordination, project management,

and construction supervision

​

TOTAL

​

​

​

​

​

 $1,500,000

 1.290.000€

​

​

​

​

 

​

​

$500,000

430.000€

​

$2,000,000

1.720.000€

40% LANDOWNER

60% INVESTOR

40%  LANDOWNERS

INVESTOR EQUITY

​

Villa C - 2 Bed, 2 Bath

private pool, parking, shared tennis court

 

Villa D - 3 Bed, 3 Bath

private pool, parking, shared tennis court

​

TOTAL

 

​

1,150 sq ft

106 m²

​

2,150 sq ft

200 m²

​

3,300 sq ft

306 m²

​

​

 1,150 sq ft

106 m²

​

1,150 sq ft

106 m²

​

2,300 sq ft

212 m²

LANDOWNERS EQUITY

​

Villa A - 2 Bed, 2 Bath

private pool, parking, shared tennis court

 

Villa B - 2 Bed, 2 Bath

private pool, parking, shared tennis court

​

TOTAL

60%  INVESTOR

60%  INVESTOR

GREEK ISLAND VILLA SALE BENCHMARKS

Pricing context for villas with comparable architecture, amenities, and island appeal

PROPERTY

LOCATION

PRICE/AREA

TOTAL PRICE

PRICE/BR

AREA

BR

BA

Aimasia

Mykonos

25.200€/m²

$2,720/sq ft

21,4M€

$25M

3,6M€

$4.1M

850 m²

9,150 sq ft

6

10

Gabbiano

Lefkada

17.900€/m²

$1,930/sq ft

4,7M€

$5.4M

0,7M€

$0.8M

260 m²

2,800 sq ft 

7

8

Melora

Mykonos

17.400€/m²

$1,880/sq ft

7,5M€

$8.7M

1,3M€

$1.5M

430 m²

4,630 sq ft

6

8

Oikēma

Mykonos

15.200€/m²

$1,640/sq ft

12,5M€

$14.5M

1,8M€

$2.1M

820 m²

8,830 sq ft

6

10

Villa 5

Crete

15.000€/m²

$1,620/sq ft

4,5M€

$5.2M

0,9M€

$1.04M

300 m²

3,230 sq ft

7

5

Exomandria

Antiparos

13.800€/m²

$1,490/sq ft

8,5M€

$9.9M

1,4M€

$1.7M

617 m²

6,640 sq ft

6

6

Ncaved

Serifos

13.700€/m²

$1,480/sq ft

5,0M€ 

$5.8M

1,0M€ 

$1.2M

365 m²

3,930 sq ft

5

6.5

Villa 8

Paros

13.300€/m²

$1,440/sq ft

3,2M€ 

$3.7M

1,6M€ 

$1.9M

240 m² 

2,580 sq ft

2

3

Villa 9

Serifos

12.900€/m²

$1,390/sq ft

4,5M€

$5.2M

0,8M€

$0.9M

349 m²

3,760 sq ft

6

5.5

Villa 10

Mykonos

12.200€/m²

$1,320/sq ft

11,5M€

$13.3M

1,3M€

$1.5M

936 m²

10,075 sq ft

9

9

Indigo

Paros

12.000€/m²

$1,290/sq ft

4,8M€

$5.6M

0,5M€

$0.6M

401 m²

4,320 sq ft

9

9

Lia 8

Serifos

10.000€/m²

$1,080/sq ft

4,8M€

$5.6M

0,8M€

$0.9M

480 m²

5,170 sq ft

6

7.5

Villa 13

Paros

9.600€/m²

$1,030/sq ft

1,8M€

$2.2M

0,5M€

$0.5M

193 m²

2,080 sq ft

4

4

Lemon Tree

Antiparos

9.300€/m²

$1,000/sq ft

7,5M€

$8.7M

1,3M€

$1.5M

807 m²

8,690 sq ft

6

8.5

THĒA Villa C

Milos

9.250€/m²

$860/sq ft

980.000€

$1,137,380

0,4M€

$0.5M

106 m²

1,140 sq ft

2

2

THĒA Villa D

Milos

7.900€/m²

$860/sq ft

1.830.000€

$2,125,000

0,5M€

$0.6M

198 m²

2,131 sq ft

3

3

Villa 15

Ios

9.100€/m²

$980/sq ft

6,0M €

$7.0M

1,2M€

$1.4M

660 m²

7,100 sq ft

5

-

Casa C

Paros

8.800€/m²

$950/sq ft

3,8M€

$4.4M

0,9M€

$1.1M

425 m²

4,575 sq ft

4

5

GREEK ISLAND VILLA RENTAL BENCHMARKS

Pricing context for villas with comparable architecture, amenities, and island appeal

PROPERTY

LOCATION

ADR/AREA

ADR

ADR/BR

AREA

BR

BA

Eréma Unity Suite

Milos

26€/m² 

$2.8/sq ft

2.000€

$2,300

975€

$1,100

75 m² 

810 sq ft

2

2

Skinopi - Skinos

Milos

19€/m²

$2.1/sq ft

1.700€ 

$1,900

1.700€ 

$1,900

85 m²

915 sq ft

1

2

Areti Myron

Milos

15€/m² 

$1.6/sq ft

7.500€ 

$8,800

1.100€ 

$1,250

500 m² 

5,380 sq ft

7

9

Villa Zephyria

Milos

14€/m² 

$1.5/sq ft

4.100€ 

$4,700

1.000€ 

$1,200

300 m² 

3,230 sq ft

4

6

THĒA Villa C

Milos

17€/m² 

$1.8/sq ft

1.800€

$2,100

900€ 

$1,000

106 m² 

1,140 sq ft

2

2

THĒA Villa D

Milos

14€/m² 

$1.5/sq ft

2.800€ 

$3,200

917€ 

$1,060

198 m² 

2,131 sq ft

3

3

PROJECT TEAM

THE PEOPLE BEHIND THE PROJECT

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Anastasis Dimokas

PROJECT LEAD, ARCHITECT & LANDOWNER
www.mediterrainarchitecture.com
adimokas@hotmail.com

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Venetia Dimoka

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Marianna Lizardou

LOCAL PERMIT ARCHITECT & CONSULTANT

www.mariannalizardou.com

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Dimitris Kypraios

GENERAL CONTRACTOR - DOMI ATE

www.domi-ate.gr

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Christos Zygouris

GENERAL CONTRACTOR - DOMI ATE

www.domi-ate.gr

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Constantinos Chasiotis

REAL ESTATE ATTORNEY

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