Overview
- Updated On:
- July 7, 2026
- 12,941.00 m2
Property Description
Kotor, Risan – Fully Urbanized Land with Panoramic Sea View for Sale
An exceptional fully urbanized development land is offered for sale in Risan, Municipality of Kotor, located within the UNESCO-listed Natural and Cultural-Historical Area of Kotor Bay. The plot is positioned in a quiet, elevated zone, offering open panoramic views of Risan Bay, making it ideal for a luxury residential or boutique development project.
Key Information
- Total land area: 12,941 sqm
- Zoning: Residential – low density (SMG)
- Urban status: Fully urbanized
- Construction index: max 1.0
- Site coverage: max 0.35
- Permitted floors: Ground floor + 1 + attic
- Gross buildable area: approx. 6,587 sqm (Phase I)
The land is planned for development in three phases, allowing a flexible and phased investment approach. For Phase I, the Main Design Project has already been completed, and urban-technical and conservation approvals have been obtained, significantly reducing the time required to start construction.
Location Advantages
- Elevated position with permanent sea views
- Peaceful, natural surroundings, away from mass tourism
- Only 900 m from the sea (approx. 3 minutes by car)
- Close to Kotor Old Town (16 km), Tivat Airport (28 km), and Dubrovnik Airport (45 km)
- Limited future construction due to UNESCO protection → strong long-term value appreciation
Investment Potential
- Ideal for luxury residential or boutique housing development
- Strong demand from international buyers (EU, UK, UAE, USA)
- Risan emerging as a new premium micro-location in Kotor Bay
- Phased development enables optimized cash flow and risk management
- An excellent opportunity for investors and developers seeking a secure location, clear planning framework, and long-term value growth in one of the most desirable areas of the Montenegrin coast.
Purchase Structure & Pricing Options
- The land may be acquired as a whole or by individual development parcels, providing flexibility for different investment strategies.
Available options:
- Parcel 1 – 3,000,000 Eur
- Parcel 2 – 1,250,000 Eur
- Parcel 3 – 1,250,000 Eur
Total 5,500.000 Eur
