Olive Estate Near Heraklion

Your Agent

Eleni Grigoriadou

Associate, RE Agency

Heraklion, Heraklion, Crete

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Olive Estate & Development Opportunity

157,314 sqm olive estate with buildable parcels, water resources and development potential in Foinikia, Heraklion.

ID: 6819

FOR SALE

€1,100,000

157314m² Size

Parking Yes

Description

A substantial estate of approximately 157,314 sq.m. located in the area of Foinikia, Heraklion, offered as a single acquisition comprising multiple adjoining cadastral parcels, several of which are buildable and suitable for development.

The property is currently a certified organic olive grove with approximately 4,000 mature olive trees aged between 30 and 45 years, providing immediate agricultural production and long-term value.

The estate benefits from strong agricultural infrastructure, including licensed water rights, a private borehole (25m depth) within the property, and a fully installed irrigation network covering the entire site. The land is fully irrigated and terraced, allowing efficient access and cultivation.

In addition to its agricultural use, the property offers significant development potential, with permitted uses including hospitality, agrotourism, agricultural operations, storage facilities, light industrial activities and mixed-use schemes, subject to the relevant approvals.

The estate also includes an existing 200 sq.m. residence and traditional stone ruins offering further potential for restoration, subject to permissions.

Main Features

Road access
Approx. 4,000 olive trees
200 sq.m. residence
Non-forest designation
Multiple buildable parcels
Licensed water rights & borehole

Directions

Heraklion Centre – Approx. 7 km (4 miles)
Heraklion Airport – Approx. 14 km (8 miles)
Kastelli Airport – Approx. 48 km (30 miles)
Rethymno – Approx. 80 km (50 miles)

About the Location

Located in Foinikia, the estate sits within easy reach of Heraklion city and the international airport, while maintaining a rural and productive agricultural setting. The wider area is well connected and benefits from strong year-round accessibility.