Sale, land lot, 13000m², Kotor, Crna Gora

An exceptional hillside development project is offered in Risan, overlooking the breathtaking waters of the Bay of Kotor. The total land area measures approximately 13,000 m² and is positioned around 65 meters above sea level, providing uninterrupted panoramic open views across the bay, surrounding mountains, and the charming coastal settlement below. The sea and promenade are just a short seven-minute walk away, offering the perfect balance between elevated privacy and coastal lifestyle.
The land benefits from full infrastructure available in the immediate vicinity and is fully prepared for development. Documentation is in place, including issued UTU conditions and an obtained building permit, with only communal fees remaining to be paid. The ownership is clean, with no liens, loans, or encumbrances.
The approved Phase 1 concept is planned over approximately 6,500 m² of land and envisions a premium low-density residential and resort-style complex consisting of nine smaller buildings with a total of 55 luxury apartments. Each building is carefully positioned to maximize open sea views and natural light while maintaining privacy and a harmonious connection with the surrounding landscape. The development is designed around landscaped park areas featuring walking paths, green recreational zones, and communal spaces that create a peaceful and high-end living environment.
Phases 2 and 3 are planned over an additional approximately 6,500 m² of land and are projected to include around 70 further apartments, allowing for a phased and scalable development approach. The total projected post-construction value of the full project is estimated at approximately €40 million, highlighting the strong investment potential of this development opportunity.
Parking is planned for all residents and visitors, while the complex will be equipped with modern security systems including video surveillance and controlled access. High-quality materials are specified throughout the project to ensure long-term durability and refined aesthetics, with apartments designed to meet modern living standards and contemporary comfort.
This project offers a rare combination of luxury living, natural surroundings, and strong development potential in one of Montenegro’s most picturesque coastal locations, making it highly attractive for residential buyers, holiday use, and investment-focused developers.
The minimum asking price is €5,500,000.
The owner is open to flexible transaction structures, including a full sale of the land together with the development company (SPV), the introduction of a strategic partner for up to 50 percent equity under mutually agreed terms, or a potential exchange for assets of equivalent value such as apartments or a hotel property in another location.
For more information regarding this property, please give us a call at
📞 +382 68 029 991 or
📞 +382 68 014 729
📩 [email protected]