For Sale: Rare Waterfront Stone House Investment Opportunity with Private Courtyard in Kostanjica, Kotor
Location: Kostanjica, Kotor
An exceptional waterfront investment opportunity situated right on the first line to the sea in the serene UNESCO-protected Bay of Kotor. This authentic stone property combines traditional Mediterranean architecture with unlimited development potential, all offered at an extraordinary bargain.
Located in the picturesque village of Kostanjica, the property enjoys direct access to the sea and is adjacent to a boutique hotel with its own private beach and ponta, as well as several top-tier waterfront restaurants.
The house is positioned on a generous 165 m² private plot extending behind the main building, offering a tranquil, green oasis shielded from coastal traffic noise.
The property presents a blank canvas for complete interior customization. Interior non-bearing walls across all floors can be opened up to create an open-concept luxury residence tailored to modern living standards. Additionally, the courtyard provides sufficient space for outdoor living features such as a patio with a pergola, BBQ area, lush Mediterranean garden, jacuzzi, or a private plunge pool.
Total registered living area: 91 m² (across main stone house and auxiliary structures)
Plot Size: 165 m²
Layout & Structure:
• Main Waterfront House (75 m² across 3 levels / 25 m² per floor):
– Ground Floor: Kitchen and living area
– First Floor: 2 bedrooms
– Top Floor (External Access): 2 bedrooms
• Auxiliary Buildings (16 m²): 2 separate structures in the rear courtyard suitable for conversion into guest suites, summer kitchen, or storage
Property & Location Features:
• First-line waterfront setting with unobstructed views across the Bay of Kotor
• High conversion potential: open-plan potential for main living quarters + courtyard development (pool/jacuzzi/BBQ area)
• Situated within a 20-minute drive of Kotor Old Town, Tivat (Porto Montenegro), and Herceg Novi
• Steps away from premium restaurants, beach facilities, and private ponta
• Only 20 minutes from Tivat International Airport and key nautical centers.
This property represents one of the best value-for-money waterfront projects currently available on the Montenegrin coast, combining entry-level positioning in the Bay of Kotor.
House
1
3
Excellent condition
Yes
In front of building
Agency
Estatelands Real Estate
Estatelands
Price per m²: 3131.87 €
Down payment 57,000 €
Note: This calculation is for informational purposes only. Actual loan terms may vary depending on the bank, credit rating, and other factors. Please consult your bank for exact conditions.
This property's price is 0% lower than the average price of a in Kostanjica
Average price: 3131.87 €/m²
This property is 46.6% smaller then the average size of a in Kostanjica
Average size: 170 m²
Location
Kotor , Kostanjica
Area
91m²
Structure
4 rooms
Property Type
House
This information is mandatory under the Law on Mediation in the Sale and Lease of Real Estate of Montenegro. All intermediaries must be registered in the Register of Intermediaries maintained by the competent ministry.
Agency