Pegeia, Paphos 8560

Situated in one of Paphos' most prestigious and sought-after coastal locations, this exceptional 4,500 sqm waterfront plot offers a truly rare opportunity to create a landmark residence in the heart of Sea Caves. The property currently comprises a 180 sqm single-storey bungalow requiring complete renovation or redevelopment. Included in the sale is an approved planning permit for a new 270 sqm four-bedroom villa, allowing the future owner to replace the existing bungalow with a contemporary two-storey residence designed to maximize the breathtaking sea views and unique coastal setting. Overlooking the famous Sea Caves coastline and the iconic shipwreck, this is one of the very few remaining buildable seafront plots in the area. The neighbouring agricultural land further enhances privacy and protects the surrounding natural landscape. A rare chance to create an extraordinary coastal home or trophy asset in one of Cyprus' most exclusive addresses.