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The Residences at The Westin Resort, Costa Navarino

Costa Navarino, The Residences at The Westin Resort

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The Residences at The Westin Resort, Costa Navarino is a collection of fully-furnished, freehold resort apartments for sale at the heart of The Westin Resort, Costa Navarino. Apartments’ owners are entitled to a certain free usage period per annum along with a rental income for the remaining time of the year.

Each apartment is formed by a Family Suite and an interconnecting Deluxe Room, part of The Westin’s existing collection of rooms and suites. Laid out on a 120sqm single floor area, all apartments consist of two bedrooms with en suite bathrooms, a living/dining room, a wc and spacious covered verandas. While all apartments are similar in size, layout and interior design, different options are available in terms of leveling and views. A limited number of apartments feature a private infinity-edge swimming pool.

Owners may use their apartment for eight weeks every year*, enjoying access to all resort facilities, amenities and experiences, including Costa Navarino’s 18-hole signature golf courses, The Dunes Course & The Bay Course. At the same time, they receive an annual income by placing their apartment in the resort’s rental pool, when not in use, through a fully managed, mandatory 18-year rental program.

The rental program provides, for the first 5 years, a fixed annual income equal to 4% of the purchase value (net-of-expenses, pre-tax). For the remaining 13 years of the lease contract, income is based on a 50/50 split system between the owner and the operator.

Facts and Highlights

  • Prices from €500,000 – €1,000,000
  • Subject to a mandatory 18-year rental agreement
  • Fixed annual rental income equal to 4% (next-of-expenses, pre-tax)
  • 8 weeks usage per year
  • EU Permanent Residency eligibility
  • 120sqm single floor area
  • Option of a private infinity pool
  • Meters from the 1,5km sandy breach
  • Within the Dunes 18-hole signature Course
  • Flight connectivity to over 28 European cities
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Costa Navarino is located in the Greek region of Messinia in the southwest Peloponnese. It consists of a number of distinct mixed-use resorts, integratingdeluxe hotels, signature golf courses, world-class spas and high end private residences. Upon completion Costa Navarino will comprise 5 sites extending over 1,000 hectares in total.

Sustainable Tourism
Proposed and existing developments in Costa Navarino adhere to the highest standards of environmental and social responsibility through all development stages from ground-breaking to operation. Costa Navarino follows a well laid out environmental policy that helps protect the environment and the area’s cherished natural resources as well as rich history and culture while at the same time enhancing the quality of living.

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