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For Sale, Land, 39872m², Risan, Kotor | €0

An exceptional opportunity to acquire one of the largest and most strategically positioned tourism development sites in the Bay of Kotor, a UNESCO World Heritage destination and one of the fastest-growing luxury tourism markets in the Adriatic.

Located above the historic town of Risan, this remarkable development parcel spans approximately 39,872 m² and offers breathtaking panoramic views over the Bay of Kotor, Verige Strait, Perast, and the surrounding mountain landscape.

Unlike many development opportunities in Montenegro, this project has already undergone extensive planning, environmental analysis, and architectural redesign. The current concept was developed specifically to address UNESCO and ICOMOS recommendations, significantly reducing the development footprint while preserving the site’s natural character and maximizing long-term investment value.

Development Highlights

Land Area: 39,872 m²
Tourism Development Design Concept Completed
Planned Gross Build Area: 10,073 m²
55-Key Boutique Hotel & Wellness Resort
12 Luxury Detached Villas
Total Accommodation Capacity: 67 Units
More than 25,000 m² of Preserved Green Areas
Panoramic Bay of Kotor Sea Views
Direct Road Access
Located within one of Montenegro’s most sought-after tourism investment zones

Designed for Sustainable Luxury

The revised concept prioritizes low-density development, landscape integration, privacy, and environmental preservation. Buildings are carefully positioned to blend into the natural terrain while maximizing views of the bay.

The masterplan includes:

Boutique luxury hotel with wellness and spa facilities
Exclusive villa zone with private residences
Extensive landscaped areas and walking paths
Underground and surface parking facilities
Sustainable architectural approach adapted to the unique UNESCO-protected environment

Investment Potential

The Bay of Kotor continues to attract international investors, luxury hospitality brands, and high-net-worth buyers seeking unique Adriatic destinations. With limited availability of large-scale development parcels and increasing tourism demand, projects of this scale have become exceptionally rare.

This property offers multiple exit strategies:

Luxury resort development
Branded hotel operation
Villa sales program
Mixed hospitality and residential model
Joint venture or phased development opportunity

Prime Location

Situated in Risan, one of the oldest settlements in the Bay of Kotor, the site enjoys a privileged elevated position with uninterrupted sea and mountain views while remaining within easy reach of: