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PRIME DEVELOPMENT LAND | BAY OF KOTOR | €5,200,000
Risan, Bay of Kotor — 12,941 m² | Building Permit Obtained | UNESCO Approved | Panoramic Sea Views
One of the rarest development opportunities on the Adriatic coast. A fully permitted, UNESCO-approved residential development project in Risan, Bay of Kotor — one of Montenegro's most sought-after and protected destinations.
THE LAND
Total area of 12,941 m² of urbanized hillside land, situated approximately 65 meters above sea level with unobstructed panoramic views over the Bay of Kotor. A 7-minute walk to the sea. Full infrastructure available in the immediate vicinity. Clean title — no liens, no mortgages.
THE PROJECT
Phase 1 — approved and permit-ready — envisions 9 residential buildings with 55 premium apartments, designed as a low-density resort-style residential complex. Full documentation package includes:
• Urban Technical Conditions (UTU) — issued
• Building Permit — obtained and fees paid
• UNESCO Cultural Heritage Zone approval — obtained
• Complete architectural and main project documentation
• Bank feasibility study
• Infrastructure connection plans
Phases 2 and 3 bring the total development potential to approximately 125 units across the full site.
WHY THIS OPPORTUNITY IS UNIQUE
Obtaining a building permit in the UNESCO-protected Bay of Kotor is an extraordinarily difficult and time-consuming process. This project has already cleared every regulatory hurdle — years of work that cannot simply be replicated. A new buyer steps in with everything ready and can begin construction immediately.
Comparable developments in the immediate area are selling finished units at €10,000+ per m², making the economics of this project exceptionally attractive.
DEAL STRUCTURE
The seller is open to multiple transaction structures:
• Full asset sale
• Company (share) sale
• Joint venture / development partnership
• Combination deal (land for apartments or other assets)
Asking Price: €5,200,000
Serious inquiries welcome. NDA and full Data Room available upon request.
| Sea | 600 m |
| The airport | 8 500 m |
| Transport stop | 300 m |
| Shopping center | 2 000 m |
