5 bedroom apartment 413 m² Kotor, Montenegro

LOCATION This villa is located in Kotor, 5km away from the city center. The sea and the beach are 200m away from the villa. Tivat airport is 14km away and Podgorica airport is 79km away from the villa. Various restaurants, grocery shops and a school are in close vicinity to the villa. ‍ ABOUT THE PROJECT The villa has 4 levels. It has a pool and 2 garage spots. It is connected by an asphalt road to the main road. The owners can choose to self-maintain the property or hire our preferred maintenance company. Construction will be finished in fall 2026. ‍ DESCRIPTION OF THE VILLA ‍ Structure of the villa: Basement: 2 garage spots 3 technical rooms hallway communications Ground: hallway living room with kitchen and dining table toilet communications First floor: hallway communications 2 bedrooms 2 bathrooms Second floor: hallway 2 bathrooms 2 bedrooms he villa itself has 412,50m2, while its plot has 804,31m2. The sea and the beach are 200m away from the villa. ‍ WHY CHOOSE THIS VILLA This villa is perfect for a summer home and short term renting. Its proximity to the beach, restaurants, grocery shops and school makes it a perfect short term rental and an opportunity for the buyer to have a return on investment. ‍ PAYMENT PLAN Payment Schedule (Installments over 4 Years)Price €2,035,000 ‍ Description Amount (€) Timeframe/ Milestone Percentage (%) ‍ Reservation €5.500.00 Upon reservation 0.27% SPA €407.000.00 Within 1 month of reservation 20.00% ‍ Installment 1 €134.750.00 Upon completing the foundation 6.62% Installment 2 €134.750.00 Upon completing the first floor 6.62% Installment 3 €134.750.00 Upon completing the second floor concrete shell 6.62% Installment 4 €134.750.00 Upon completing the brickwork 6.62% Installment 5 €134.750.00 Upon completing electrical rough-in 6.62% Installment 6 €134.750.00 Upon completing plastering 6.62% Installment 7 €134.750.00 Upon installing windows (first set) 6.62% Installment 8 €134.750.00 Upon installing windows (second set) 6.62% Installment 9 €407.000.00 Upon completion and handover of the key 20.00% Installment 10 €18.638.88 Within 3 months of completion 0.92% Installment 11 €18.638.88 Within 6 months of completion 0.92% Installment 12 €18.638.88 Within 9 months of completion 0.92% Installment 13 €18.638.88 Within 12 months of completion 0.92% Installment 14 €18.638.88 Within 15 months of completion 0.92% Installment 15 €18.638.88 Within 18 months of completion 0.92% Installment 16 €25.667.40 Within 24 months of completion 1.25% Total €2.035.000.70 100% ‍ DESCIPRTION OF THE REGION AND MUNICIPALITY Boka Bay, also know as The Bay of Kotor is on the list of the most beautiful bays in the world, and one part of it is under the UNESCO protection. This southernmost fjord of Europe is 65 meters deep. It is also called the pearl of the Adriatic, and its unique beauty has inspired the creativity of numerous world artists. It is tucked between two peninsulas – Luštica and Prevlaka, while the magnificent mountain slopes of Lovćen and Orjen rise above the bay. The entire region of Boka is traditionally a maritime region that has given many sailors throughout the ages. The cities located on the shores of the Bay of Kotor – Kotor, Perast,Risan, Herceg Novi and Tivat have been maritime and trade centers since ancient times. ‍ Rich history and tradition of the Bay of Kotor is influenced by many cultures starting with ancient ones,and the strongest mark was left by the Republic of Venice, when Kotor was among most developed cities in the Mediterranean. Diverse cultural influences are recognized on architectural heritage, and today there are many breathtaking historical villas and houses along the coast of Boka Bay. ‍ ‍