House, For Sale, Paphos, Pegeia

Pegeia, Cyprus

For Sale

€5,250,000

REF: 986073 €5,250,000


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4

Description

PANORAMA PALACE THE BEST SEAVIEWS IN CYPRUS When stepping into the grounds of this unique and luxurious Mansion, one will be greeted in many various ways by the grandeur of Panorama Palace. Panorama Palace is a newly renovated luxury Mansion that offers unforgettable panoramic sapphire coastal sea views and breathtaking €œCalifornia Sunsets€ on the beautiful west coast of Cyprus.

Built like a Fortress Panorama Palace offers a superior privacy that is unique and unparalleled for Cyprus which contributes to a truly luxurious & relaxed lifestyle perfect for Connoisseurs. From all over the Panorama Palace residence one can enjoy the magical infinity sea view where the sky goes down into the sea while inhaling the cleanest air in the entire Mediterranean Sea.

The exceptionally large plot of 3,450 sqm offers up to 10 different exterior terraces and tiled areas for hosting larger private or corporate events in privacy and with stunning sea and mountain views. All areas and rooms in the Mansion are showered with natural light from the large windows and shutter doors and the colour scheme throughout the residence is bright and warm in gentle neutrals of sand and beige creating a soothing interior elegance.

The spacious living room, the dining area and the well-equipped large kitchen area is inter-connected to a very large and beautiful open space in €œScandinavian Style€. The 3 extensive upstairs bedrooms are open to a majestic balcony overlooking the beautiful beaches and coastline of Pafos. The airy master bedroom has a large ensuite bathroom with a luxurious double shower and a spacious dressing room.

The airy second and third bedroom on the upper floor has their own bathrooms as well as generous wardrobes. On the ground floor there is a fourth bedroom which can also serve as a practical office. Close to this 4th bedroom is a bathroom. There is a large and airy garage that is attached to the laundry room and provides a practical second entrance to the Mansion.

From the heated magnesium swimming pool, where no chlorine is used and every bath becomes a health treatment for the body, one can enjoy the seductive sea and valley views as well as amazing sunsets. Panorama Palace has been renovated between 2022 2025 and is constructed with the highest building technical standards, and all technical installation systems are also of the highest quality.

This Mansion is completely self-sufficient with water from its own well and roof mounted photo voltaic panels produces hot water and electricity. In addition, the pool is powered by a photovoltaic pump which contributes to exceptionally low overall operating costs for this large residence. The Mansion is very well insulated with high-quality windows and sliding door sections, which helps keep the building cool in the summer and warm in the winter.

In winter, the house's indoor climate is remarkably warm and dry thanks to the water- based underfloor heating system with individual room control. Panorama Palace also has a Daikin central air conditioning system that covers all rooms in the Mansion and contributes to very efficient cooling of the property during the summer.

The machine room is very spacious and contains all mechanical equipment, pumps and tanks for the house and pool. The two large air heat pumps are also located next to the engine room. Nested in an exclusive and private location Panorama Palace features an advanced electrical gate system, a burglary system and a video surveillance systems including smart solar powered outdoor cameras.

The striking outdoor huge living space with its lush backdrop of palm trees, olive trees, pine trees and bougainvillae is irrigated with a full-coverage automatic irrigation system. The entire extensive garden area that is meticulously landscaped with several beautiful natural stone patios and tiled terraces is perfect for relaxation, sunbathing and unforgettable sunsets in complete privacy.

The outdoor area also features a large BBQ Cooking & Lounge area, providing a delightful setting for hosting gatherings, located next to the pool area and with striking views over Cyprus most beautiful coastline. The grounds also include a guesthouse with an adjacent BBQ area and a mountain terrace with a tube that is mounted in the tiled terrace and with views over the seductive sapphire Mediterranean Sea.

The residence also includes a gym and a large organic garden for vegetables and herbs. The night views from Panorama Palace overlooking Peiya, Coral Bay and Pafos are stunning reminding of a Hollywood Mansion with orange-red sunsets. Panorama Palace is located on a unique, private plot on top of a mountain where it is not possible to build properties in front of or alongside the property, which is not uncommon in Pafos that is now developing at a very rapid pace.

This Mansion ensures ideal weather, being above the humidity level with a constant light sea breeze during summer with its high-altitude location. Panorama Palace is located just a 10-15-minute drive from Peiya City Centre, multiple high-quality restaurants, banks, beaches and the best premier private school in Pafos and other services.

Pafos has an international airport with flights to many international destinations. Development is now moving quickly in the right direction for Panorama Palace with hundreds of villas and other services to be built along the mountain road leading to Panorama Viewpoint. From the other direction, the construction of the highway to Polis is also approaching which will significantly improve and shorten communication to Paphos Airport, Limassol and other parts of Cyprus.

This Mansion border Zone H5 (30 % Building Coefficient and 20 % Coverage). At next Zone-upgrade this property can be classified Zone H5 becoming residential land with possibilities to double the building construction areas to 700 sqm. Pafos has been named the World's Most Liveable Small City in April 2024, according to a report by Compare the Market AU.

The report ranked 7 factors: restaurants, entertainment options, unemployment rate, rainfall, health index, safety score, and cost of living. Pafos impressed with its balance of urban offerings and a healthy lifestyle. Key Features: œ” Heated magnesium pool œ” Full privacy & unobstructed views œ” Open-plan layout with high ceilings œ” Premium finishes throughout œ” Fully furnished & move-in ready œ” Future zone upgrade potential (H5) œ” Just 3 km to local amenities, 6 km to beach
PANORAMA PALACE THE BEST SEAVIEWS IN CYPRUS When stepping into the grounds of this unique and luxurious Mansion, one will be greeted in many various ways by the grandeur of Panorama Palace. Panorama Palace is a newly renovated luxury Mansion that offers unforgettable panoramic sapphire coastal sea views and breathtaking €œCalifornia Sunsets€ on the beautiful west coast of Cyprus.

Built like a Fortress Panorama Palace offers a superior privacy that is unique and unparalleled for Cyprus which contributes to a truly luxurious & relaxed lifestyle perfect for Connoisseurs. From all over the Panorama Palace residence one can enjoy the magical infinity sea view where the sky goes down into the sea while inhaling the cleanest air in the entire Mediterranean Sea.

The exceptionally large plot of 3,450 sqm offers up to 10 different exterior terraces and tiled areas for hosting larger private or corporate events in privacy and with stunning sea and mountain views. All areas and rooms in the Mansion are showered with natural light from the large windows and shutter doors and the colour scheme throughout the residence is bright and warm in gentle neutrals of sand and beige creating a soothing interior elegance.

The spacious living room, the dining area and the well-equipped large kitchen area is inter-connected to a very large and beautiful open space in €œScandinavian Style€. The 3 extensive upstairs bedrooms are open to a majestic balcony overlooking the beautiful beaches and coastline of Pafos. The airy master bedroom has a large ensuite bathroom with a luxurious double shower and a spacious dressing room.

The airy second and third bedroom on the upper floor has their own bathrooms as well as generous wardrobes. On the ground floor there is a fourth bedroom which can also serve as a practical office. Close to this 4th bedroom is a bathroom. There is a large and airy garage that is attached to the laundry room and provides a practical second entrance to the Mansion.

From the heated magnesium swimming pool, where no chlorine is used and every bath becomes a health treatment for the body, one can enjoy the seductive sea and valley views as well as amazing sunsets. Panorama Palace has been renovated between 2022 2025 and is constructed with the highest building technical standards, and all technical installation systems are also of the highest quality.

This Mansion is completely self-sufficient with water from its own well and roof mounted photo voltaic panels produces hot water and electricity. In addition, the pool is powered by a photovoltaic pump which contributes to exceptionally low overall operating costs for this large residence. The Mansion is very well insulated with high-quality windows and sliding door sections, which helps keep the building cool in the summer and warm in the winter.

In winter, the house's indoor climate is remarkably warm and dry thanks to the water- based underfloor heating system with individual room control. Panorama Palace also has a Daikin central air conditioning system that covers all rooms in the Mansion and contributes to very efficient cooling of the property during the summer.

The machine room is very spacious and contains all mechanical equipment, pumps and tanks for the house and pool. The two large air heat pumps are also located next to the engine room. Nested in an exclusive and private location Panorama Palace features an advanced electrical gate system, a burglary system and a video surveillance systems including smart solar powered outdoor cameras.

The striking outdoor huge living space with its lush backdrop of palm trees, olive trees, pine trees and bougainvillae is irrigated with a full-coverage automatic irrigation system. The entire extensive garden area that is meticulously landscaped with several beautiful natural stone patios and tiled terraces is perfect for relaxation, sunbathing and unforgettable sunsets in complete privacy.

The outdoor area also features a large BBQ Cooking & Lounge area, providing a delightful setting for hosting gatherings, located next to the pool area and with striking views over Cyprus most beautiful coastline. The grounds also include a guesthouse with an adjacent BBQ area and a mountain terrace with a tube that is mounted in the tiled terrace and with views over the seductive sapphire Mediterranean Sea.

The residence also includes a gym and a large organic garden for vegetables and herbs. The night views from Panorama Palace overlooking Peiya, Coral Bay and Pafos are stunning reminding of a Hollywood Mansion with orange-red sunsets. Panorama Palace is located on a unique, private plot on top of a mountain where it is not possible to build properties in front of or alongside the property, which is not uncommon in Pafos that is now developing at a very rapid pace.

This Mansion ensures ideal weather, being above the humidity level with a constant light sea breeze during summer with its high-altitude location. Panorama Palace is located just a 10-15-minute drive from Peiya City Centre, multiple high-quality restaurants, banks, beaches and the best premier private school in Pafos and other services.

Pafos has an international airport with flights to many international destinations. Development is now moving quickly in the right direction for Panorama Palace with hundreds of villas and other services to be built along the mountain road leading to Panorama Viewpoint. From the other direction, the construction of the highway to Polis is also approaching which will significantly improve and shorten communication to Paphos Airport, Limassol and other parts of Cyprus.

This Mansion border Zone H5 (30 % Building Coefficient and 20 % Coverage). At next Zone-upgrade this property can be classified Zone H5 becoming residential land with possibilities to double the building construction areas to 700 sqm. Pafos has been named the World's Most Liveable Small City in April 2024, according to a report by Compare the Market AU.

The report ranked 7 factors: restaurants, entertainment options, unemployment rate, rainfall, health index, safety score, and cost of living. Pafos impressed with its balance of urban offerings and a healthy lifestyle. Key Features: œ” Heated magnesium pool œ” Full privacy & unobstructed views œ” Open-plan layout with high ceilings œ” Premium finishes throughout œ” Fully furnished & move-in ready œ” Future zone upgrade potential (H5) œ” Just 3 km to local amenities, 6 km to beach
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Property on Map

#43570

Currency Exchange

Pegeia, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €5,250,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€5,250,000 £4,333,613 £4,557,473 £223,860
Property Price € €5,250,000
Minimum cost in the last six months £4,333,613
Maximum cost in the last six months £4,557,473
Fluctuating exchange rates over the last six months could have increased the cost of this property by £223,860

Pegeia, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €5,250,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€5,250,000 £4,333,613 £4,557,473 £223,860
Property Price € €5,250,000
Minimum cost in the last six months £4,333,613
Maximum cost in the last six months £4,557,473
Fluctuating exchange rates over the last six months could have increased the cost of this property by £223,860

The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £223,860 more.

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