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Hotel in Mykonos

Last minute trip !!! Booked air today now need Hotle in mykonos , for this coming Monday !!
Planning one night in mykonos ( we will be flying there from London ) then we are going to Naxos for three days , then last three nights back in mykonos . hotel we stayed in that was in town last year has tripled in price , so thinking of staying somewhere else on island . We would like to still visit town ( so on bus route as we won't rent a car ) and would be happy somewhere on a beach with a few nearby tavernas . Budget , hoping to keep it under 80-100 euros a night .

Saw a place called Zephrye near "Parange " beach , any information ?

Thanks , last minute planning is tough !

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There is a little bar named "Rhapsody" in Mykonos . If you can get a table on the balcony over the water the views are really great. Also, take a trip out to Delos while in Mykonos. It is sometimes call the Island of the Gods. Local shuttle boat makes it very easy to get to and the site is fantastic. Google it and see what you think.