Entrepreneur Faces Another Auction Round
Nikos Gryparis, once a prominent figure in Mykonos’ nightlife scene—best known for the legendary Caprice and Sea Satin venues—continues to face financial difficulties, leading to the auctioning of his assets.
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His luxurious villa in Fanari was first put up for auction in May 2024 with a starting price of €2.5 million but failed to attract buyers. A second attempt in July was also unsuccessful. Now, a new auction is scheduled for April 2, 2025, with a 20% discount, lowering the starting price to €2 million.
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Villa Details
The property sits on a 4,000 sq.m. plot and includes:
- Basement level (practically ground level at the pool area): 458.87 sq.m. featuring an open-plan living room, kitchen, and four en-suite bedrooms.
- Ground floor: 192.71 sq.m. with a small living area, two bedrooms, bathrooms, a dressing room, and an independent guesthouse.
- Loft: 27.69 sq.m. bedroom space.
The villa is separated from other properties by a stone wall, offering exclusive use of approximately 2,300 sq.m., which includes a glass-paneled pool designed for wind protection.
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Auction for Adjacent Plot
Prior to the villa’s auction, a 5,422 sq.m. adjacent plot will go under the hammer on February 13, 2025. The plot features stonework landscaping, pergolas, and a concrete road. Two small auxiliary buildings—one stone-built near the entrance and one wooden structure—are also on-site. The auction starts at €85,000, with Cepal acting as the creditor.
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Previous Sale: The “Prime” Mykonos Town Property
Last June, another of Gryparis’ properties—a 153.84 sq.m. first-floor apartment with a small ground-level storage space—was auctioned. Located in Alevkantra Square, near Little Venice and the iconic windmills, the property quickly found a buyer. Originally listed at €1 million, it was sold for €1,024,600.
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