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Greek Island Makri Listed for Auction Starting at $286,000
A 243-acre Greek island in the Ionian Sea is now available at auction with a starting bid of $286,000. The property carries substantial tax debts and faces strict environmental restrictions that limit development.
May 22, 9:29 AM·1m read1 source
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A Greek island named Makri is scheduled for auction with an opening bid of approximately $286,000. The 243-acre property is located in the Ionian Sea and ranks as the fifth-largest island in the Enchinades archipelago. The island features a jagged coastline and clear waters. It remains uninhabited and has not experienced overtourism. 2 million.
U.S. home price of $514,600, according to Federal Reserve Economic Data. 2 million, according to local outlet Sofokleous10. Makri was once described as a potential site for luxury development. Earlier marketing materials highlighted a mature legal framework and immediate availability for transfer.
Makri was classified as a private forest and lies within a Site of Community Importance and Special Protection Zone. Any development proposals require approval by presidential decree under the Natura 2000 ecological network. These rules restrict the island primarily to agricultural use. Electricity, water, and waste disposal systems would need to be installed by the new owner.
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