Development Land & Residential Project in Risan, Bay of Kotor – Panoramic Sea View

Property Type
Land

1300000
Area Size

75758
Property ID

Development Land & Residential Project in Risan, Bay of Kotor – Panoramic Sea View

5.500.000€

Description

An exceptional development opportunity is offered for urgent sale in Risan, located in the Bay of Kotor, one of Montenegro’s most prestigious and protected coastal regions (UNESCO zone).

Key Project Highlights:

Total land area: approx. 13,000 m²
Elevated hillside position at approx. 65 m above sea level
Open panoramic views of the sea and Bay of Kotor
Approx. 7-minute walk to the sea
Full infrastructure available (road access, electricity, water, sewage nearby)

UTU conditions issued
Building permit obtained
All communal and development fees fully paid
Clear title – no liens, mortgages, or loans

Development Concept (Phase 1):

9 residential buildings
55 apartments
Designed for premium residential / tourist market
Ideal for luxury apartments, aparthotel, or mixed-use residential project

Transaction Structure:

The seller is flexible and open to:

Asset deal
Company (share) deal
Joint Venture (JV) with development partner

Investment Rationale:

Rare large-scale development plot in the Bay of Kotor
Fully permitted project significantly reduces time-to-market
Strong demand for residential and tourist real estate in Risan / Kotor Bay
Suitable for international developers, private equity, or strategic investors

Price:

💰 €5,500,000 (minimum price)
⚠️ Urgent sale

Why is this development project in Risan considered a strong investment?

It is considered a strong investment because it is a rare large-scale development plot in the Bay of Kotor, fully permitted which reduces time-to-market, in high demand for residential and tourist real estate in the area, and suitable for international developers, private equity, or strategic investors.

What transaction options are available for purchasing this development site?

The seller is flexible and open to different transaction structures, including an asset deal, a company (share) deal, or a joint venture with a development partner.

What is the proposed development concept for this project?

The development concept plans for nine residential buildings comprising 55 apartments, designed for the premium residential and tourist market, suitable for luxury apartments, an aparthotel, or a mixed-use residential project.

What is the legal and planning status of the land in Risan?

The land in Risan has all necessary approvals including UTU conditions and a building permit, with all communal and development fees fully paid, and a clear title with no liens, mortgages, or loans.

What are the key features of the development opportunity in Risan?

The development opportunity in Risan spans approximately 13,000 square meters on an elevated hillside at about 65 meters above sea level, offering open panoramic views of the sea and Bay of Kotor, with full infrastructure including road access, electricity, water, and sewage nearby, just a seven-minute walk from the sea.