Construction land 13,000m2, Kotor
Kotor, Risan
5.500.000 €
Area
13000 m²
PROPERTY DESCRIPTION
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.
Details
- Land type
- Residential
Location
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Questions about this property
What is the price per square metre?
At 5.500.000 € for 13000 m², this listing works out to 423 € per square metre. Compare it with the city average in the market card on this page.
How do I arrange a viewing?
Call the number or send a message from the contact card on this page — you reach the advertiser directly, with no middleman and no booking fee. Viewings are usually arranged within a day or two.
What does buying cost for foreign nationals?
Foreign nationals buy apartments, houses and commercial units in Montenegro on the same terms as locals. On top of the price, budget for the real estate transfer tax (3% up to €150,000, 5% on the portion between €150,000 and €500,000, 6% on the portion above €500,000; new builds bought from a VAT-registered developer carry 21% VAT instead of the tax), the notary fee and the land registry charges. Agricultural land and forests must be bought through a locally registered company.
Is this listing still available?
The listing is active and the property is for sale. Contact the advertiser to confirm the latest status.