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HouseSale

Villa in Petrovac no. 2419

Budva, Petrovac na Moru

1.600.000 €

1 / 14
  • Area

    700 m²

  • Rooms

    1

  • Floor

    1

  • Parking

    Yes

PROPERTY DESCRIPTION

Boutique Hotel "Rifugio del Sole" — A Unique Investment Offer on the Montenegrin Coast

Location: Petrovac, Budva Riviera<br data-start="270" data-end="273" /> Price: €1,600,000 €1,900,000

"Rifugio del Sole" (translated from Italian — "Shelter of the Sun") — is more than just a boutique hotel. It is a place of strength, history, and inspiration, where centuries-old traditions and modern comfort harmoniously blend.

Historical Value

The history of the property dates back to the 15th century. In 1458, Abbot Georgius Pelino, an influential priest and diplomat from the Benedictine Abbey of Santa-Maria-de-Roteco, granted this parcel of land and 75 ducats to his assistant and court pharmacist Antonio Beli as a token of gratitude for his faithful service and care for the health of the monastic brotherhood.

By 1463, the house was built. Since then, it has become a silent witness to centuries: wars, earthquakes, changes of empires and peoples — from the Ottoman and Austro-Hungarian to the French. Despite this, the property has preserved its historical essence and unique architectural aura.

Modern Reconstruction

In 2020, extensive reconstruction began with the aim of preserving the authentic atmosphere and architectural elements of the 15th-century building. At the same time, modern engineering solutions and high standards of comfort were integrated into the project.

• Unique original stone walls, preserved in their original form, provide excellent thermal and sound insulation<br data-start="1631" data-end="1634" />• Panoramic windows on the south side offer stunning views of the Adriatic Sea and mountain landscape<br data-start="1736" data-end="1739" />• Reliable protection from northern winds thanks to the architectural features of the property<br data-start="1821" data-end="1824" />• The current stage of realization allows for customization of the final appearance of the property to the individual desires of the investor

"Rifugio del Sole" — A Name with Character

The name "Shelter of the Sun" reflects the key aspects of the hotel's concept:<br data-start="2061" data-end="2064" />• Connection with nature — thanks to the location, both sunrise and sunset can be observed here<br data-start="2160" data-end="2163" />• Historical continuity — "rifugio" symbolizes protection and refuge, preserved through the centuries<br data-start="2267" data-end="2270" />• Comfort and privacy — an atmosphere of true enjoyment and care<br data-start="2332" data-end="2335" />• Aesthetics and emotions — light, space, silence, inspiration

Location Advantages

Petrovac is one of the most beautiful corners of the Montenegrin coast, where silence, the greenery of pine forests, the cleanest sea, and developed infrastructure meet.<br data-start="2597" data-end="2600" />• A comfortable resort town, ideal for a peaceful vacation<br data-start="2659" data-end="2662" />• Only 30 minutes drive from Budva<br data-start="2692" data-end="2695" />• High income potential from daily rentals or running a luxury hotel business

Investment Potential

The property is ideal for:<br data-start="2857" data-end="2860" />• A boutique hotel with a historical concept<br data-start="2899" data-end="2902" />• A premium class private residence<br data-start="2937" data-end="2940" />• A rental villa with high profitability

This is a rare opportunity to become the owner of a property with exceptional history, located on the front line by the sea.

Contact us to obtain plans, technical documentation, and arrange a viewing date.

Details

Garden area (m²)
500

Amenities

  • Sea view

Location

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FREQUENTLY ASKED

Questions about this property

What is the price per square metre?

At 1.600.000 € for 700 m², this listing works out to 2.286 € per square metre. Compare it with the city average in the market card on this page.

Which floor is it on, and is there a lift?

The property is on floor 1. No information about a lift was provided.

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.