A Water Slide (Plus a House) in the Ocean: House Hunting in Maldives

A Three-Bedroom Villa in a Lagoon in Maldives

$7 MILLION (106.4 MILLION MALDIVIAN RUFIYAA)

This three-bedroom villa stands over a turquoise lagoon off the island of Medhufaru in Maldives, the archipelagic state comprising almost 1,200 islands in the north-central Indian Ocean.

The 6,727-square-foot, two-story villa, with a two-story water slide down to the ocean, was built in 2016 as part of the Soneva Jani resort using reclaimed telegraph poles, eco-friendly bamboo and plantation-grown wood, said Robert Green, the founder and managing director of Sphere Estates, which has the listing.

The architecture is “contemporary but in keeping with the local and Maldivian environment by using sustainable materials,” Mr. Green said. “A great deal is handcrafted on island, creating bespoke ‘Robinson Crusoe’ properties with five-star finishes.”

A system of docks stretching from Medhufaru approaches the villa and broadens into a small deck with seating and bicycle storage. The main entrance opens to a living space with a conversation pit and floor-to-ceiling French doors opening to the 40-foot lap pool with views of the lagoon beyond. The villa has lofty ceilings with ceiling fans, as well as air-conditioning.

The resort reuses and recycles materials where it can, and furniture is included in the home’s asking price, said Eva Malmstrom Shivdasani, a co-founder of Soneva. “Driftwood was crafted into furniture and lampshades,” she said. “The floors are mostly made from tiles that look like wood, as well as Bole floors, which are wooden planks that retain the original curve of the tree. The roofs are made from river red gum shingles.”

To the left of the living area is a study and a small kitchen, which is “more like a walk-in pantry with minibar,” Mr. Green said. “The owner and guests typically dine in the resort or have a chef come to the villa.”

Beyond the kitchen is a primary bedroom with an adjoining child’s sleeping area, en suite bathroom and dressing room. The bedroom has a retractable roof and tall French doors with views overlooking the lagoon. The bathroom has a daybed and a window built into the floor, and opens to a private deck with a sunken bathtub and outdoor shower.

Another first-floor bedroom has a dressing room, en suite bath and outdoor sunken bathtub. Stairs ascend to the second floor, which houses a TV lounge, a gym and a third bedroom with a dressing room, en suite bath and access to a balcony with an oak bathtub.

The large…