Exceptional Development Opportunity in UNESCO Kotor Bay! For urgent sale, a fully permitted 13,000 m² prime development site in Risan, one of the most authentic and high-potential locations in the Bay of Kotor. This is an extremely rare, legally ready opportunity within a UNESCO Protected Area. Situated on an elevated hillside (approx. 65m above sea level), the property offers open panoramic views of the bay and sea, just a 7-minute walk to the coast and promenade. Enjoy peaceful natural surroundings with excellent accessibility. The site comes with all permits obtained, including UTU conditions and a building permit, with all communal and development fees fully paid. A clean title ensures immediate commencement of construction. The approved concept features 9 residential buildings with 55 premium apartments, ideal for luxury residential, aparthotel, or mixed-use development. Direct road access, electricity, water, and sewage connections are nearby. This ready-to-build project offers significant potential in a world-renowned destination. Transaction options include asset deal, company share deal, or joint venture. Price: 5,500,000 EUR. Act now to secure this unparalleled investment.
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.
Regulatory information
Agency (intermediary)
Horizon Real Estate
Registration number
-
Location
Kotor , Risan
Area
13000m²
Structure
Unknown
Property Type
Land lot
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.