In the peaceful and tranquil area of Faros, this rare estate measures 16,033 square meters of gently sloping land which enjoys open views to all the major points of the island including the Caldera, Oia, and Firostefani, as well as to the nearby islands of Thirasia and Aspronisi and in the distance the islands of Milos, Folegandros and Sikinos. A permit has been issued to build a five-star hotel of 3,022 square meters with 46 rooms, eighteen swimming pools, and a main building. The permit expires in 2028. In what is known as the most beautiful island in the world, this property is an excellent opportunity due to its exceptional size and location.