Located in the picturesque municipality of Budva, in the charming Tudorovići village, this impressive 7,700m² plot of urbanised land presents a rare and valuable opportunity for residential development. Situated just 2 km from the renowned Sveti Stefan peninsula, one of the most luxurious and sought-after locations in the Mediterranean, the property benefits from proximity to high-end tourism, while still offering a serene, private setting.
This land falls within the Local Study of the Vrba Location, adopted in 2009, which defines its potential for residential construction. The urban planning regulations allow for the construction of detached homes, duplexes, or terraced buildings, providing flexibility for a variety of architectural designs. With a total building coefficient of 0.20 and an occupancy coefficient of 0.60, the property can accommodate up to 10 residential buildings, each with an average size of 450m². These homes can be complemented by auxiliary buildings of up to 30m², such as garages or storage rooms.
The terrain is stable and well-suited for development, with additional conditions on building heights, dimensions, and styles ensuring an attractive and harmonious neighbourhood. The land is also conveniently located near already established developments such as Carsko Selo Blizikuće, which ensures easy access to infrastructure and services.
The potential of this land is further enhanced by the region’s booming real estate market, where similar plots in the vicinity are priced between €150 and €300 per square meter, with residential properties in the area commanding €2,000 to €2,500 per square meter. Given these market trends, this land offers an excellent investment opportunity for those looking to capitalise on the growing demand for high-quality residential developments in Budva.
Whether you are an investor looking to develop luxury villas or a developer aiming to create a high-end residential complex, this prime piece of land offers the perfect canvas to bring your vision to life. Secure the potential to create an exceptional property in one of Montenegro’s most desirable locations.
