Inside a Million-Dollar Villa in Cyprus: A Look at the Limassol Marina Island Villas
April 10, 2024 Cyprus 11 min read
Cyprus as a whole, and the bustling port city of Limassol (the country’s second-largest city) in particular, is a favorite destination for millionaires and billionaires from around the world looking to invest in vacation property. Join IMM Group for a look inside one of the Limassol Marina Island Villas, a multi-million-dollar home set right beside the marina in Limassol’s harbor.
Limassol is known not only for its striking natural beauty but also for its tranquility and thriving economy. Ranked among Europe’s must-visit vacation destinations, the city continues to draw real estate investors from around the world, having recorded strong growth in recent years.
Limassol Marina: a jewel on the sea
Limassol Marina is the first development in Cyprus to combine luxury villas and apartments with a superyacht marina. With prices from €2.2 million (approximately US$2.46 million), it has attracted distinguished, high-net-worth owners from 44 countries. The development sits right on Limassol Marina, the 5th marina in the world to receive the prestigious 5 Gold Anchor Platinum award, the highest honor for exceptional marinas that offer outstanding services and facilities to their clients.
Conceived to pioneer a new look for Limassol’s coastline, Limassol Marina has achieved that goal and inspired the waterfront developments that followed along the shore. Limassol is the second-largest city in Cyprus, a well-known European tourist destination, and a key center of the country’s economy and commerce.
With its distinctive master plan and design, and surrounded by the sea, the development offers an open, airy living environment. Each apartment has its own yacht berth, with clear blue water right off the back terrace. Calm and private like a resort, yet fully convenient thanks to its location next to the lively city center, the development offers its owners a quality of living that is hard to find anywhere else in Cyprus, or even across the Mediterranean.
The development was built by Cybarco, part of the Lanitis Group, a respected name for more than 100 years with many landmark projects in Cyprus and neighboring countries. At the time of writing (April 2024), the entire development was complete and 90% sold, with only 6 apartments and 3 villas remaining.
What’s inside a million-dollar luxury villa in Cyprus
In this article, IMM Group introduces Villa No. 85 in the Island Villas area. This area comprises 35 detached villas with 2, 3, or 4 bedrooms, each with a private pool, sun terrace, and private garden. One of the last 3 villas in the development, Villa No. 85 has a total area of 239 square meters and includes 3 bedrooms, a private pool, and a private yacht berth right in front of the house.
The villa’s rooftop terrace takes in sweeping views over the marina to the clear blue Mediterranean beyond — a view worth far more than a million dollars.
A sun-drenched balcony. Cyprus enjoys close to 300 sunny days a year, making it an ideal place for visitors from around the world to relax and enjoy the sunshine.
The villa has a large living room, also facing directly out to sea, finished to an exceptionally high standard, with furnishings from the world’s leading brands.
Three spacious bedrooms with an elegant, refined design create a calm, comfortable setting for a restful stay. There is 1 smaller bedroom on the ground floor and 2 master bedrooms, each with a balcony for catching the sun, sipping a glass of wine, or enjoying afternoon tea at sunset while overlooking the marina. At dawn, simply open the window to let in the early light and a gentle sea breeze, and leave everyday stress far behind.
The villa also has a ground floor for entertaining and a private pool, providing everything a guest could want for leisure and relaxation:
On-site amenities include 24/7 security, and the surrounding area offers shopping centers, restaurants, bars, a casino, and a wide range of other premium services. It is a development truly befitting some of the world’s most discerning owners.
Final opportunities to own a premium villa with a path to Cyprus permanent residence for your family
With advantages such as a mild climate, political stability, and a prosperous economy, Cyprus attracts a growing number of investors from around the world, including investors from developed EU countries.
Investors from outside the EU can also obtain permanent residence in Cyprus through its residency by investment program by purchasing property for a minimum of €300,000 (approximately US$336,000). There are no education or management experience requirements. Processing takes approximately 12 months. The Cyprus permanent residence permit has no expiry date, and holders need only visit Cyprus at least once every 2 years to keep it. The program can also lead to European citizenship if you reside in Cyprus for 5 years within a 7-year period and meet the other naturalization requirements.
Benefits of Cyprus permanent residence:
- Live in Cyprus and invest in Cypriot businesses (this permit does not allow employment), with access to healthcare and social security in line with local rules.
- Investors’ children can attend public school free of charge through the end of upper secondary school and pay lower university tuition than international students. The Cypriot government spends 7% of GDP on education each year, the third-highest share in Europe, and the country is home to several well-regarded universities that appear in global rankings.
- A favorable tax regime: Cyprus is often cited among the more tax-efficient jurisdictions internationally.
- A path to Cypriot citizenship once the requirements are met (Cyprus permits dual citizenship). Cypriot citizens may live in any of the 27 EU member states and can travel visa-free, or with only an eVisa or electronic travel authorization, to 180 destinations, including the United States, Canada, Australia, the United Kingdom, and South Korea.
If you are interested in the Cyprus permanent residence program, contact IMM Group or leave your details below. Our experienced advisors will provide detailed guidance and help assess your eligibility and the strength of your application. We are committed to keeping your personal data confidential and will use the information you provide only to advise on your family’s case.
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