Kotor, Risan – Fully Urbanized Land with Panoramic Sea View for Sale

Kotor, Risan – Fully Urbanized Land with Panoramic Sea View for Sale

An exceptional fully urbanized development land is offered for sale in Risan, Municipality of Kotor, located within the UNESCO-listed Natural and Cultural-Historical Area of Kotor Bay. The plot is positioned in a quiet, elevated zone, offering open panoramic views of Risan Bay, making it ideal for a luxury residential or boutique development project.

Key Information

• Total land area: 12,941 sqm
• Zoning: Residential – low density (SMG)
• Urban status: Fully urbanized
• Construction index: max 1.0
• Site coverage: max 0.35
• Permitted floors: Ground floor + 1 + attic
• Gross buildable area: approx. 6,587 sqm (Phase I)

The land is planned for development in three phases, allowing a flexible and phased investment approach. For Phase I, the Main Design Project has already been completed, and urban-technical and conservation approvals have been obtained, significantly reducing the time required to start construction.

Location Advantages

• Elevated position with permanent sea views
• Peaceful, natural surroundings, away from mass tourism
• Only 900 m from the sea (approx. 3 minutes by car)
• Close to Kotor Old Town (16 km), Tivat Airport (28 km), and Dubrovnik Airport (45 km)
• Limited future construction due to UNESCO protection → strong long-term value appreciation

Investment Potential

• Ideal for luxury residential or boutique housing development
• Strong demand from international buyers (EU, UK, UAE, USA)
• Risan emerging as a new premium micro-location in Kotor Bay
• Phased development enables optimized cash flow and risk management
• An excellent opportunity for investors and developers seeking a secure location, clear planning framework, and long-term value growth in one of the most desirable areas of the Montenegrin coast.

Purchase Structure & Pricing Options

• The land may be acquired as a whole or by individual development parcels, providing flexibility for different investment strategies.

Available options:

• Parcel 1 – 3,000,000 Eur
• Parcel 2 – 1,250,000 Eur
• Parcel 3 – 1,250,000 Eur

Total 5,500.000 Eur