Eléa Estate Launches Luxury Residences
Real Estate News

Eléa Estate Launches Luxury Residences

Real Estate News

S. Z. Eliades Leisure Ltd. is today announcing the launch of the residential component of Eléa Estate, the newly integrated family friendly golf development which is ideally located close to Paphos airport.  The luxury residential development fits perfectly with the natural rural surroundings and benefits from incredible panoramic views towards the Mediterranean Sea.  Its centrepiece is a magnificent and awe-inspiring Par 71 golf course which has been designed by the six-time Major winner Sir Nick Faldo.

In October 2010 the Eléa Golf Club was launched and raised the curiosity of golfers around the globe following the accolade of “One of the World’s Most Exciting New Golf Courses of 2010” by Golf World.  With construction starting this month the estate’s ambitious property development will boast a mixture of various types of property in different phases which will reach 300 units upon completion.  Today, 4 & 5 bedroom golf fronted villas are available for purchase and later phases are due to include 2-3 bedroom homes.  Amenities include a boutique hotel supported by a range of dining options, extensive spa facilities and eventually a ‘village’ with shops and restaurants creating a community feel.  Already open at the heart of the estate is the clubhouse, designed by the renowned architects Hart Howerton, which sits majestically above the golf course overlooking the sea, making it the perfect setting to sit and relax and soak up the atmosphere. [member]

Eléa Estate is positioned over 120 hectares with a residential building density ratio of only 20% in phase 1.  This ensures that all properties will benefit from open space and creates the feeling of privacy and tranquility within a managed community.  Uniquely, Eléa Estate benefits from the short 5 km decline to the sea and is sat a few hundred metres above sea level which ensures all properties have uninterrupted views.

Chairman Zenon Eliades says: “My vision for Eléa is one which sets the bar for quality in Cyprus and maintains a strong Cypriot feel that will maintain its appeal over time.  Our mission is to deliver a supreme experience for everyone; whether this be on the golf course, at your home, relaxing in the club house or enjoying our world-class food and beverage.  Our focus is on delivering above expectation levels throughout.”

Phase one of Eléa’s spacious and luxurious properties is based at one of the most prestigious locations on the development front line of the 13th and 14th tees and benefit from both panoramic golf and sea views.  Available now for purchase, these fantastic homes will be set on a peaceful hillside and have been designed by Ergo7, under the guidelines of resort master planers and lead architect Hart Howerton.  There are currently 4 types of villas to choose from which offer timeless elegance combined with the best modern living and designs can be modified to suit the individual buyers’ needs.

All designs take into account Cyprus’s warm climate featuring a similar amount of spacious living areas both in the interior and exterior.  All properties will have two storeys with private pools, parking and have the added benefit of lower ground living space.  Balconies, roof gardens and terraces have been a feature of Mediterranean homes for centuries and these are thoughtfully incorporated to provide light and natural shade.  Each villa has a large vanishing edge swimming pool, set in private landscaped gardens with traditional indigenous species of plants, adding to the sense of a relaxing retreat. The impressive property specs include; a fire place, under floor heating, lift, en suite bathroom and wardrobe, optional sauna, pool heating and a room with flexible space suitable for a home cinema, study or playroom.  Homes can be placed in the Eléa rental pool and full home and garden maintenance will also be available.

Golf membership is included with property ownership for the first year and for those not keen on swinging a club, a spa is soon to open offering the ultimate pampering experience.  Dining at the clubhouse will also be a regular treat for property owners and Head Chef, John Kouphou aims to grow all his fruit and vegetables onsite.  Outside the estate, Cyprus offers an array of entertainment – boat hire is a popular way to explore the Mediterranean coastline and property owners will be able to moor at the new marinas being developed at Paphos or Limassol nearby.  The turquoise waters at Aphrodite’s Rock and the Blue Lagoon are an idyllic place to swim.  Or, alternatively heading inland into the mountains to explore the monasteries or taste the award winning wines at the highest vineyards in Europe is highly recommended.

Cyprus enjoys a warm climate throughout the year, and its people are well disposed towards the British. Cyprus is favoured as a safe lifestyle investment largely due to the favourable tax laws which offer the lowest rates in Europe, the secure environment and the excellent infrastructure as well its membership to the European Union.   Additionally, in 2000, the government abolished inheritance tax for non-Cypriot domiciles.

Prices for the first 7 golf fronted villas start from 1.9m euros, which equates to a starting price of approximately 5,000 euros per m2.  Properties range from 375m2 – 450m2 of indoor space excluding covered outdoor verandas on plots of land ranging from 1,000m2 – 1,700m2.  Prices are exclusive of VAT. [/member]

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