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An exceptional investment opportunity on the first line of the Boka Kotorska Bay, in the historic village of Risan – just steps from the sea and minutes from the UNESCO-protected town of Perast. This unique project combines the restoration of a historic stone palace with the development of a new hotel or residential building, making it ideal for a boutique hotel or luxury residential complex. Property Overview Location: Risan, Bay of Kotor, Montenegro Total plot area: 1,800 m² Total planned construction area: up to 2,127 m² gross Distance from the sea: 2 meters (waterfront) Historic Stone Palace 4 stone ruins on the plot: 120 m², 148 m², 88 m², and 18 m² in base size Restored total area after reconstruction: approx. 1,062 m² Structure reinforced – only roof and interior works remain Preserved authentic Mediterranean architecture Conceptual project available Adjacent Urbanized Plot Plot area: 1,194 m² Building permit for hotel: up to 1,075 m² gross, max 4 floors Technical and urban planning conditions: Built-up index: 0.3 Occupancy index: 0.9 Building footprint: 358 m² Permitted use: hotel, residential complex, or apartments Investment Highlights Waterfront location in one of Montenegro’s most beautiful bays Historic value – Risan is known for Roman mosaics and cultural heritage Close to Perast, one of the most prestigious and expensive real estate locations in Montenegro Suitable for boutique hotel, luxury apartments, or a mixed-use project Combination of restoration and new construction possibilities This is a rare chance to acquire a prime seafront property with both heritage value and development potential, in an area with strong tourism growth and high-end market demand.
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