AI Summary
A large 24,500 m² land plot on a cascading slope above the Budva Riviera — a forested area in a mountainous suburb with panoramic views of the Adriatic Sea from Sveti Stefan to the Old Town. Only 2,850 m to the sea and quick access to the coast. An excellent opportunity for an investor to enter a project at the land stage.
Details
Description
We offer for sale a large land plot on a cascading slope above the Budva Riviera. This is a forested area in the mountainous suburb of Budva, offering panoramic views of the Adriatic Sea while providing quick access to the coast. The plot is suitable for an investor ready to enter the project at the land stage and wait for a change in its zoning designation.
Features
- Area: 24,500 m²
- Topography: cascading slope, forested area
- View: sea view (according to the owner, panoramic views are available from the entire property, stretching from Saint Stefan to the Old Town of Budva)
- Access: from the Budva–Cetinje highway
- There are no buildings on the plot; only the land is being sold
- Status: the plot is not urbanized; a change in zoning is expected after the adoption of Budva's new spatial plan
- Price: €50/m², total cost €1,225,000
Development Concept
- Under the new zoning, the owner plans to build 10–20 villas with supporting infrastructure
- The cascading topography allows houses to be positioned so that each offers a sea view
- Within the concept, one could consider a restaurant with a sea view, spa and wellness facilities, and sports areas for guests and residents
- The concept is preliminary: what and how much can be built will be determined by planning documentation
Location
- Approximately 7 km to Budva
- Approximately 2 km to the planned Budva bypass interchange (according to the owner)
- Nearby beaches on the coast include Saint Stefan, Milocer, Kamenovo, Slovenska Plaža, Mogren, and Jaz
Investment Potential
Currently, the plot is sold at the price of non-urbanized land, although it is located in one of Montenegro's most sought-after resort regions. After the adoption of the spatial plan and a change in zoning, the land value may increase significantly. The construction of the Budva bypass should reduce travel time to the airports. This makes the plot attractive both for developing a villa community and for resale after urbanization.
Amenities
Estimated purchase transaction costs
Approximate breakdown of additional costs when buying
- Property price
- €1,225,000
- Property transfer tax
- €65,500
Notarial deed details
By default the notary fee assumes a two-party deal (1 seller and 1 buyer) without a court interpreter, with the notary filing the cadastre application. Each party beyond two adds 5% of the tariff, each interpreter adds €15, and 21% VAT is charged on the full amount. Not included: work outside office hours, at weekends or on public holidays (+25%, at least €50), the notary travelling to you (+€35 per started hour plus travel costs), powers of attorney (€60 + VAT each). The notary may use the property's market value if the contract price is lower.
Possible additional costs (not in the total)
Government fees
- Cadastre registration of title (state fee)from €30
- Title sheets (listovi) for the dealfrom €7
Location
What's nearby
- SchoolE-Gimnazija3.0 km
- KindergartenObdanište2.7 km
- GroceriesMarket boka 62.2 km
- PharmacyTea Medica 272.5 km
- RestaurantIstok1.1 km
- Bus stopStanišići903 m
- ATM2.5 km
- AirportTivat Airport15.9 km
- PortMarina Budva4.0 km
- Sea2.9 km
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