THĒA Mandrakia
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THĒA Mandrakia

Milos · Cyclades · Greece

Four villas carved into a hillside on Milos, high above Mandrakia bay, facing the open Aegean. Villas C and D are offered for sale.

The offer

Villas C and D · €12.500 per m²

Two neighbouring villas, each with its own pool, terrace and parking: a main house and a guest villa, or two homes for one family. Sold off-plan and handed over complete, fully furnished and ready to move in, with a private tennis court. Areas are gross, including walls.

A villa terrace at dusk, lit beneath the curved roof, guests gathered by the pool

Location

Milos · Cyclades · Greece

Athens Milos
Athens to Milos
  • 40 minBy plane
  • 3 hBy boat
PlakaAdamas portAirport THĒA Mandrakia
Around the plot · by car
  • 2 minTriovasalos and Pera Triovasalos
  • 5 minPlaka
  • 5 minSarakiniko beach
  • 15 minAdamas port and airport

Milos

Volcanic coast, white rock, painted boathouses

Fishing villages of syrmata, coloured boathouses cut into the rock at the water's edge, line the north coast. Mandrakia, directly below the plot, is among the most picturesque and most photographed villages in Greece.

The syrmata of Mandrakia at golden hour: whitewashed boathouses and stairs at the water's edge, people on the rooftops A traditional fishing boat heading out at sunset Sunbathers on the painted steps and quay above a moored fishing boat Two figures on a rock in the sea at sunset, a yacht and the island's mountains beyond Mandrakia from the hillside at dusk: the village and its boathouses on the bay, the islets beyond A wave breaking under a white rock arch in the late sun

The view

The Aegean from every terrace

This is the view from the plot: Mandrakia, one of the most photographed villages in Greece, its boathouses and the open Aegean, with the neighbouring islands on the horizon. Every villa turns its glazed living room, covered terrace and infinity pool straight to it.

Photograph from the plot: the hillside dropping to Mandrakia bay, the village and its boathouses, white rocks and the open sea, islands on the horizon
Photograph from the plot

The complex

5.100 m² seafront plot

The whole complex: four residences set into the hillside above the sea. From left to right Villas A, B, C and D, with the tennis court below D. C and D are for sale. A B C D

Villas C and D · for saleVillas A and B · not available

Four residences. Two for sale.

Each villa is set into the slope under a planted roof, faces the Aegean and keeps its own pool, terrace and parking. A private tennis court is shared by the four households only.

Architecture · Mediterrain Architecture

Carved into the hillside

The four villas are earth-sheltered. Each sits below the natural ground under a planted roof, so from the road above the houses almost disappear into the landscape. A single curved shell frames the terrace and the pool; behind the glass are stone walls, plaster and timber ceilings. Parking sits under timber pergolas along the road, away from the houses.

Three people walking past a residence, its stone facade under the curved roof
The villas' roofs following the hillside, almost hidden in the landscape A villa terrace and pool above the valley, the next villa just below

Interiors

Stone, plaster and timber

Stone floors run from the living room out to the terrace. Plaster walls, timber ceilings and full-height glass keep the rooms calm and turn them toward the sea.

Living and dining room opening to the sea Bedside niche with pendant lamp and timber shelf
Bedroom in warm light: stone floor, plaster walls, timber ceiling and a low timber bed, the garden beyond the glass

Pool and tennis

A private pool for every villa, a court for four

Children jumping into a private pool on the stone terrace
Tennis on the private court Guests by a pool at golden hour

Site plan

Where C and D sit

  • 5.100 m²Seafront plot, owned freehold
  • 4 villasSet into the slope, each with its own pool
  • 516 m²Built area, four villas
  • TennisPrivate court for the four households
  • ParkingUnder pergolas along the road
Site plan, 1:100: the tennis court at the west end, then Villas D, C, B and A along the slope, each with its pool facing the sea and parking toward the public road D C
East elevation of the complex: Villas A, B, C and D set into the slope under curved roofs, with the parking pergolas along the road above
East elevation · A, B, C, D from left to right

Residence C

Villa C

€1.325.000

≈ $1,484,000 · 106 m² (1,140 sq ft) · €12.500 per m²

2 bedrooms2 bathroomsopen living and kitchenprivate pool and terraceparking

Villa C from above, set into the slope with its pool and terrace
Render
Floor plan of Villa C: two bedroom suites with bathrooms either side of the living room and kitchen, terrace and pool in front, entrance and parking behind
Floor plan

Residence D

Villa D

€2.500.000

≈ $2,800,000 · 200 m² (2,150 sq ft) · €12.500 per m²

3 bedrooms3 bathroomsopen living, dining and kitchenprivate pool and terraceparking

Villa D from above: the long curved roof over the stone facade, terrace, pool and dining table, parking pergolas on the road behind
Render
Floor plan of Villa D: three bedrooms each with a bathroom, a central living and dining room, kitchen beside the entrance, terrace and pool in front
Floor plan

The largest residence on the plot, at its west end beside the tennis court.

Evenings

After sunset

A party on a villa terrace at night, the pool lit and the stone facade glowing under the curved roof
Dancing on the terrace by the pool at dusk Guests on the stone terrace at night beside the pool

Price context

Greek island villa sale benchmarks

Comparable design villas on the islands, ranked by price per m². Villas C and D sit mid-table at €12.500, below the Serifos and Antiparos design villas.

PropertyLocationPrice per m²Total pricePrice per bedroomAreaBRBA
Aimasiajamesedition.comMykonos25.200€/m²$2,620/sq ft21,4M€$24.0M3,57M€$3.99M850 m²9,150 sq ft610
Gabbianosothebysrealty.grLefkada17.900€/m²$1,860/sq ft4,7M€$5.3M0,67M€$0.75M260 m²2,800 sq ft78
Melorasothebysrealty.grMykonos17.400€/m²$1,810/sq ft7,5M€$8.4M1,25M€$1.40M430 m²4,630 sq ft68
Oikēmajamesedition.comMykonos15.200€/m²$1,580/sq ft12,5M€$14.0M2,08M€$2.33M820 m²8,830 sq ft610
Villa 5properties.lefigaro.comCrete15.000€/m²$1,560/sq ft4,5M€$5.0M0,64M€$0.72M300 m²3,230 sq ft75
Exomandriaproperties.lefigaro.comAntiparos13.800€/m²$1,440/sq ft8,5M€$9.5M1,42M€$1.59M617 m²6,640 sq ft66
Ncavedproperties.lefigaro.comSerifos13.700€/m²$1,430/sq ft5,0M€$5.6M1,00M€$1.12M365 m²3,930 sq ft56.5
Villa 8properties.lefigaro.comParos13.300€/m²$1,380/sq ft3,2M€$3.6M1,60M€$1.79M240 m²2,580 sq ft23
Villa 9properties.lefigaro.comSerifos12.900€/m²$1,340/sq ft4,5M€$5.0M0,75M€$0.84M349 m²3,760 sq ft65.5
THĒA Villa C, MilosTHĒA Villa Cthis offerMilos12.500€/m²$1,300/sq ft1,33M€$1.48M0,66M€$0.74M106 m²1,140 sq ft22
THĒA Villa D, MilosTHĒA Villa Dthis offerMilos12.500€/m²$1,300/sq ft2,5M€$2.8M0,83M€$0.93M200 m²2,150 sq ft33
Villa 10properties.lefigaro.comMykonos12.200€/m²$1,270/sq ft11,5M€$12.9M1,28M€$1.43M936 m²10,080 sq ft99
Indigoproperties.lefigaro.comParos12.000€/m²$1,250/sq ft4,8M€$5.4M0,53M€$0.60M401 m²4,320 sq ft99
Lia 8properties.lefigaro.comSerifos10.000€/m²$1,040/sq ft4,8M€$5.4M0,80M€$0.90M480 m²5,170 sq ft67.5
Villa 13properties.lefigaro.comParos9.300€/m²$970/sq ft1,8M€$2.0M0,45M€$0.50M193 m²2,080 sq ft44
Lemon Treesothebysrealty.grAntiparos9.300€/m²$970/sq ft7,5M€$8.4M1,25M€$1.40M807 m²8,690 sq ft68.5
Villa 15properties.lefigaro.comIos9.100€/m²$950/sq ft6,0M€$6.7M1,20M€$1.34M660 m²7,100 sq ft5–
Casa Cproperties.lefigaro.comParos8.800€/m²$920/sq ft3,8M€$4.3M0,95M€$1.06M425 m²4,570 sq ft45

Published asking prices; each property links to its listing. Price per m² = total price ÷ area; price per bedroom = total price ÷ bedrooms. Dollars at 1 € = 1.12 $ (8 Oct 2026). 1 m² = 10.764 sq ft.

For buyers who rent

Greek island villa rental benchmarks

Design villas on Milos rent for €1.700 to €7.500 a night in high season. C and D are projected inside that range: €1.800 and €2.800.

PropertyLocationRate per m²Nightly rateRate per bedroomAreaBRBA
Eréma Unity Suiteerema.grMilos27€/m²$2.8/sq ft2.000€$2,2401.000€$1,12075 m²810 sq ft22
Skinopi - Skinosskinopi.comMilos20€/m²$2.1/sq ft1.700€$1,9001.700€$1,90085 m²910 sq ft12
The Hourglassaqualivingvillas.comMilos18€/m²$1.9/sq ft5.000€$5,6001.250€$1,400280 m²3,010 sq ft44
THĒA Villa C, MilosTHĒA Villa CprojectedMilos17€/m²$1.8/sq ft1.800€$2,020900€$1,010106 m²1,140 sq ft22
Villa Zephyriaboutique-homes.comMilos17€/m²$1.7/sq ft5.000€$5,6001.250€$1,400300 m²3,230 sq ft46
Areti Myronsothebysrealty.grMilos15€/m²$1.6/sq ft7.500€$8,4001.070€$1,200500 m²5,380 sq ft79
THĒA Villa D, MilosTHĒA Villa DprojectedMilos14€/m²$1.5/sq ft2.800€$3,140930€$1,040200 m²2,150 sq ft33
Villa Solimwheretostay.comMilos11€/m²$1.1/sq ft6.429€$7,200918€$1,030600 m²6,460 sq ft77

High-season nightly rates published by each property or its rental agent; The Hourglass is the agent's starting rate. Rate per m² = nightly rate ÷ area; rate per bedroom = nightly rate ÷ bedrooms. Dollars at 1 € = 1.12 $ (8 Oct 2026).

Status

Land, design and construction

Freehold Land

Owned outright. No purchase pending.

Architecture

Design complete for all four residences.

Contractor

DOMI ATE, Milos, engaged.

Delivery

Complete and fully furnished, ready to move in.

Project structure

How THĒA is delivered

One plot, one design team and one contractor. Four villas built together in a single phase. Two are sold, two stay with the families who own the land.

Land and Design

The landowners hold the 5.100 m² plot freehold. The design for four residences is complete.

Sale of C and D

Villas C and D are sold off-plan. Payments are staged against construction milestones and held through the buyer's lawyer.

One Build

The sale funds the construction of the whole complex: all four villas, the tennis court, parking and landscape, in one phase.

Delivery

C and D are handed over complete and fully furnished, ready to move in. A and B are retained by the landowners.

LandownersContribute the land. Keep Villas A and B and become the buyers' neighbours.
BuyersPurchase Villas C and D, with payments released as construction advances.
ArchitectAnastasis Dimokas, Mediterrain Architecture. Design, site supervision and project management through delivery.
ContractorDOMI ATE, Milos. Builds all four residences and the shared amenities under one contract.
LegalConstantinos Chasiotis, Real Estate Attorney. Contracts and title transfer.
Local ArchitectMarianna Lizardou, Architect and Consultant on Milos.

Inquiries

Secure Villas C and D

adimokas@hotmail.com
+1 510 457 5520

Project team

The people behind THĒA

Architect & Project LeadAnastasis DimokasMediterrain Architecturemediterrainarchitecture.com
Local Permit ArchitectMarianna Lizardoumariannalizardou.com
General ContractorDimitris Kypraios & Christos ZygourisDOMI ATEdomi-ate.gr
Real Estate AttorneyConstantinos Chasiotis