Building plot in Petrovac, Montenegro: flat terrain, olive trees, and hill views.

Land plot with olive trees and a green slope in Petrovac, Montenegro, view of the property grounds.

Building plot in Petrovac, Montenegro: view of the hilly terrain with olive trees and a road.

Land plot with olive trees on a hillside in Petrovac, Montenegro, view of the property grounds.

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AI Summary

A unique plot of land in picturesque Petrovac, located just 500 meters from the azure coast of the Adriatic Sea. An ideal opportunity to create an exclusive project in one of the most sought-after and cozy corners of Montenegro, priced at 712,080 euros.

Sale Land#782

Plot in Petrovac No. 782

Petrovac · Budva Riviera, Budva Riviera, Montenegro

712 080 €

Details

Land area

1978 м²

To sea

500 m

Description

Land plot for sale, 500 meters from the sea.
Land plot area – 1,978 sq.m.
According to the master plan, two 4-story residential buildings can be built. Construction of 2,437 sq.m. is permitted.
There is a road, electricity, and water.

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Estimated purchase transaction costs

Approximate breakdown of additional costs when buying

Property price: 712 080 €
Real estate transfer tax: 34 725 €
Notary fees: 1 210 €

Possible additional costs

Cadastre applicationsfrom 30 €
Ownership sheets (listovi) for the dealfrom 7 €
Sworn translator services· per contract / hourfrom 50 €

Total required costs35 935 €

Estimated costs to purchase the propertyTotal: 748 015 €

Location

What's nearby

SchoolE-Gimnazija387 m
KindergartenFiksiklub409 m
Groceries124 m
PharmacyMogren30 m
HospitalDom zdravlja39 m
RestaurantCaffeine60 m
Bus stopCrvena zgrada263 m
ATMZapad Banka64 m
AirportTivat Airport15.8 km
PortMarina Budva1.1 km
Sea500 m

Frequently asked questions

Yes. Foreign nationals can buy apartments and houses in Montenegro on the same terms as citizens, with full ownership rights. Restrictions apply only to certain agricultural and undeveloped land, which foreigners usually acquire through a Montenegrin company. We handle the entire legal process.

Buying costs depend on the property. Montenegro’s real-estate transfer tax is progressive — the rate depends on the value — and newly built homes are subject to VAT on the first sale. Add notary, registration and optional lawyer fees. The easiest way to get an exact figure for this property is our purchase-cost calculator.

This property is about 500 m from the sea.

Montenegro’s coast has strong seasonal short-term demand and growing long-term demand from people relocating. Actual returns depend on location, furnishing and management — ask us for a projection for this specific property.

Under the new law, a property purchase supports a temporary residence permit only if the property is residential and worth at least €150,000. The rules change periodically, so confirm the current requirements with us.

Sale Land