18 of 26 five-bedroom villas available on a tiered Peyia hillside: 230–233 m² of covered space with a basement level, private pools, from €995,000 net of VAT. Off-plan, eligible for the 5% VAT scheme.
Twenty-six modern villas set on a natural slope above Coral Bay, terraced so that every home sits above the next — open sea and sunset views with minimal road exposure. All villas carry five bedrooms in three related designs of 230–233 m²: ground and first floors of about 137 m², a full basement level of 71 m² and covered verandas. Outside: a private pool, sun terraces, a barbecue area and landscaped gardens on plots of 249–452 m², with private parking at street level.
Eighteen villas are on the developer's list of 27 February 2026 at €995,000–1,300,000 net of VAT, and the project is declared eligible for the reduced 5% VAT scheme, subject to the buyer's eligibility. The finish specification is high-quality and energy-efficient; the project is sold off-plan by the developer behind the seafront resort at St George.
The hillside is a five-minute drive from Coral Bay's sandy beach, TLC private school, supermarkets, pharmacies and the resort's restaurants and spa — a location built for families as much as for the view.
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The site sits in the hills of Peyia, elevated above the coastal strip of Coral Bay on the west coast of Paphos. The village core of Peyia with its bakeries, tavernas and Sunday markets is a few minutes uphill; the wine villages of Kathikas begin fifteen minutes further.
The coast below offers Coral Bay and White River beaches, the sea caves and the harbour of St George; the protected Akamas peninsula with Avakas Gorge and Lara Bay is a quarter of an hour away. Paphos Airport is about 30 minutes by car.
Pegeia hills, Peyia, Paphos
What buyers ask most often about this development.
Eighteen of the 26, on the list of 27 February 2026, from €995,000 to €1,300,000 net of VAT. Type A villas carry 230 m², types B and C — 233 m²; the difference between homes is mostly the plot, from 249 to 452 m².
The developer lists the project as eligible for Cyprus's reduced 5% VAT scheme on a first permanent residence. Eligibility is assessed per buyer — see buying property in Cyprus; list prices are always net.
Each villa carries a full 71 m² basement below the 137 m² of living floors — space the developer's plans leave flexible: staff or guest rooms, a gym, a cinema or storage. It is included in the villa's covered area.
The project is sold off-plan and the price list does not state completion dates; the timeline is confirmed by the developer per villa at reservation stage. Payment schedules follow the build.
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