Petalas, Pilarei

Petalas, Pilarei

Echinades, Ionian Sea, Greece · 1335.0 acres · Freehold

Price On RequestListed 1 days ago
Acreage
1335.0
Ownership
Freehold
Development
Non-developed

About This Island

Petalas Island, also listed under Dulichium Island, is the largest of the Echinades – an archipelago found in the Ionian Sea. Here, winding coastlines facilitate sailing adventures, and turquoise waters harbour an abundance of marine life. Dulichium’s foremost feature is its impressive size, spanning a staggering 1335 acres and rising to a high point of 250 metres above sea level. A property of such size poses the question of development. Fortunately for keen developers, 5,100,000 square metres of the island’s total 5,400,000 have been declassified by the Greek Forestry Bureau. This designation opens the door to future construction. Furthermore, there is an existing precedent for the land to be parcelled into 10,000-square-metre lots, with each featuring a 130-square-metre home. Though, any genuine interest in the future development of Petalas Island would have to be properly reviewed. Currently, the property has no roads and no utility infrastructure. There are, however, several sandy beaches, small bays, and natural harbours. Subscribe to get updated with the latest islands for sale in Greece

Insights

Everything You Need To Know

Location
Greece
Approximate
Climate & Risk

Europe

Very Low Storm Risk
Monthly Probability Of Named Storm
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Best Months To Visit
May – October
Avoid
November – March (cool, rough seas)
Avg Named Storms / Year
0.0
Major Hurricanes (Last Decade)
0
Mediterranean is non-cyclonic. Storm risk minimal. Greek and Croatian islands are among the safest tropical-style climates in the world for storm risk. Trade-off: shorter warm season.
Sources: NOAA NHC, IPCC AR6, World Bank Climate Knowledge Portal · Updated 2026
Buying In Greece

Foreign Ownership Permitted

Allowed for EU nationals freely. Non-EU may face restrictions on border islands.

Ownership
freehold
Transfer Tax
3.09%
Annual Property Tax
0.1-0.7% (ENFIA)
Closing Time
30-90 days
Legal Fees (typical)
10.0% of price
Required Permits
Tax registration (AFM)
True Cost Estimator

What This Island Will Actually Cost

Beyond the asking price: closing, infrastructure, and the first year of operating costs.

$2.0MUSD
$300K$50M
Year-One Total Cost
$2,847,0001.4× Purchase
Purchase
$2,000,000
Closing Costs (~7%)
$140,000
Infrastructure
$540,000
Year 1 Operating
staff + tax + insurance + maint
$167,000
Price On Request
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