This expansive plot of land, situated just steps away from the beautiful Frikes Bayside in northern Ithaca, Greece, offers a unique and rare opportunity for development. It is one of the few large parcels within town zoning that provides such ease of building, making it ideal for various purposes. The land can be subdivided to accommodate three separate dwellings, suitable for holiday rental accommodation, a boutique hotel, or private residences. Additionally, the plot features two charming ruins that add historical character and potential for restoration. For those considering a private residence, the allowable build is up to 400 square meters. For a boutique hotel, the buildable area expands to over 1000 square meters. The prime location not only offers residents and guests stunning views of the original windmill and the surrounding mountains but also allows them to enjoy all the amenities Frikes has to offer, including pristine beaches, charming restaurants, cafes, gift shops, and a well-stocked mini market. Additionally, boat mooring is available without charges, enhancing the appeal for those with a nautical interest. This property stands out as a truly exceptional investment, given its size, location, and the flexible building options it presents.