This rare seafront land plot measuring 25,572 m2 is strategically and ideally located an easy five minute drive from the picturesque village of Oia and just fifteen minutes from the capital town of Fira and the international airport. The property faces one of the most beautiful and famous beaches of the island and has the advantage of bordering the main coastal road. A permit has been issued to build a five-star luxury hotel consisting of 3,757 m2 above ground and 3,757 m2 of auxiliary spaces on the lower level. The impressive design features 42 suites each with a private pool, large reception areas, several dining facilities, a business conference center, a spa, a gym, and 19 staff bedrooms each with a bathroom. This is an exceptional opportunity to acquire one of the last waterfront estates on the island with permission for immediate construction.