Hotel 646 m² in Umag, Croatia

Umag, Croatia, Grad Umag
$1,15M
$1,787/m²
;
Last update: 24/05/2026

Location

  • Country
    Croatia
  • Region
    Istria County
  • City
    Grad Umag
  • Town
    Umag

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    $1,787/m²
  • Total area
    Total area
    646 m²

Description

From an institutional asset perspective, this unique countryside estate for sale in Lupoglav, Croatia, represents a high-yield real estate acquisition within Central Istria, a region frequently compared to Tuscany for its premium agritourism performance, rolling terrain, and rising luxury valuation. This substantial land banking and commercial hospitality opportunity spans a massive 22,000 square meter continuous plot, featuring a total built area of 800 square meters distributed across eight separate structures. Positioned at the terminus of a private asphalt road and completely enveloped by undeveloped natural landscape, the asset guarantees total privacy and operational security. Located twenty kilometers from the Adriatic coast, the property offers a highly versatile redevelopment framework suited for a premium health resort, a boutique wellness hospitality concept, or a high-end eco-retreat.

The core asset within this portfolio is a primary stone residential structure which has undergone a comprehensive, detail-oriented capital renovation, delivering 280 square meters of net usable area alongside an eighty square meter panoramic terrace. The internal layout comprises an industrial-capable kitchen, a primary living zone, a dedicated office suite, three bedrooms, and a main bathroom, with structural provisions already engineered for a second bathroom within ongoing extension plans. The facility is fully serviced by municipal water and electrical grids, supported by a high-capacity backup water reservoir. The thermal infrastructure is highly optimized, utilizing premium Austrian Redwell infrared heating systems integrated with high-performance Römerofen wood-burning stoves.

The broader real estate asset encompasses an additional seven outbuildings in varying stages of depreciation and renovation readiness, supplemented by operational agricultural infrastructure including a dedicated garden facility and two production greenhouses. The landed assets feature active agricultural yield drivers, including a fifty-tree olive grove, diverse orchard assets, and organic lavender plantations, all anchored by a centuries-old oak tree. The remaining acreage consists of high-value meadows and mature forests, presenting substantial scope for further low-density capital development or structural expansion.

Logistically, the estate balances secluded privacy with excellent connectivity, offering unobstructed vistas of Mount Učka while sitting within efficient transit radii of major regional transport hubs, including Pula Airport at sixty-five kilometers, Rijeka at sixty-six kilometers, and Trieste at eighty kilometers. The asset features clean, institutional-grade titles with clear single-owner registration. For investors looking to scale their regional footprint, an option exists to acquire adjacent parcels to expand the total land package up to 50,000 square meters.

Financially, the property is held within a corporate VAT structure, meaning the transaction qualifies for a complete exemption from the standard real estate transfer tax, significantly reducing initial capital expenditure and optimizing the buyer's entry yield. This multifaceted asset is an ideal vehicle for private equity looking to build a high-end family estate or institutional developers seeking a diversified hospitality project in the thriving Istrian luxury real estate market.

In compliance with regional real estate brokerage laws and data privacy regulations, physical site inspections and access to the full data room are strictly contingent upon the execution of a standard brokerage mediation agreement, safeguarding the proprietary interests of the current asset holder.

Ref: RE-U-47750

Overall additional expenses borne by the Buyer of real estate in Croatia are around 7% of property cost in total, which includes: property transfer tax (3% of property value), agency/brokerage commission (3%+VAT on commission), advocate fee (cca 1%), notary fee, court registration fee and official certified translation expenses. Agency/brokerage agreement is signed prior to visiting properties.

Property advantages: Spa, Garden, Urbanized, Agricultural

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Umag, Croatia, Grad Umag
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