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There are several land plots in the Podsolar Riviera project...

€3 500 000
ID 101796 Uploaded 13.08.2025
Key features
Land plots
Details
Sea/ocean/bay views
Property description
We offer 5 urbanized plots of land in the Podsolarskaya Riviera project, just 100 meters from the sea, intended for the construction of 35 apartments.

The Podsolar Riviera is a rare and exceptional new residential area located right on the Adriatic coast, just a few steps from the newly developed beach and just 10 kilometers southeast of the historic town of Sibenik. This exclusive coastal community offers a unique opportunity to invest in first-class coastal real estate in Croatia.

The area has excellent accessibility, with two international airports — Split and Zadar — just 45 minutes away, and the main highway is only 8 kilometers from the site. The key cities are within easy reach: Split in 45 minutes, Zagreb in 2.5 hours, Ljubljana in 3.5 hours and Trieste in 4 hours.

The Podsolar Riviera is one of the few residential areas located right by the sea, which makes this a truly limited and highly valued opportunity. This master plan was developed with a strong focus on sustainable urban planning, environmental responsibility and a high standard of living for future residents.

The entire area is divided into 45 plots, with the potential to build approximately 260 residential units, including modern villas, townhouses and apartments. The development is owned by local owners and fragmented among a small group of regional developers. Construction has already begun, and about 15% of the first stage has been completed.

A boutique marina is planned next to the area, which will enhance the lifestyle offering and long-term value of the area.Residents will also benefit from proximity to essential amenities such as hospitals, entertainment options including a cinema, theater and water park, as well as gourmet restaurants and stylish bars.

This is a rare opportunity to become part of a thoughtful coastal community in one of the most beautiful and rapidly developing regions of Croatia.

Zone A for sale includes 5 designated plots, each of which is approved for the construction of a residential building with 7 apartments. In total, Zone A will include 35 modern apartments, offering a well-planned and sparsely populated residential environment.
Plots A1–A5 have a total area of 4,293 m2. The planned gross building area (GBA) is 5,500 m^2. Conceptual designs have been prepared to support the process of obtaining a construction permit for 35 apartments.

Project duration: The project is expected to have a total duration of 3 years.1.5 years are allocated for the design stage and obtaining permits.1.5 years are reserved for the construction phase.Construction costs: Estimated construction costs are 2,000 euros per square meter (NUA - net usable area).Average selling price: The expected average selling price is 4,400 euros per square meter (including VAT).Market stability: It is assumed that there will be no significant imbalances or disruptions in the real estate market during the project period.Unforeseen construction costs: It is assumed that there will be no major unforeseen construction costs that will significantly affect the budget.Relations with public utilities: The project assumes a smooth and cooperative relationship with the utilities for the necessary services.Reserve: A reserve fund of 5% of the project budget is allocated to cover unforeseen expenses or unexpected problems.Interest rate: The loan for financing the project is based on an interest rate of 5%.Equity/credit ratio: The financing structure includes 30% equity and 70% credit to finance construction costs.Own funds are mainly used to finance the development phase and soft costs.

The Podsolar Riviera is primarily positioned as a place for secondary housing, attracting a wide range of international buyers. Most of the interest comes from Germany, Scandinavia, Slovenia, the United States, Croats living abroad, and the local middle class. Buyers are attracted not only by the coastal lifestyle, but also by the investment potential, as many consider real estate as profitable assets when it is not used for personal needs.

There is high demand in the area, with 6-7 buildings and more than 25 residential units developed and sold over the past two years. The asking prices have steadily increased since the beginning of the project, starting from 3,500 euros per square meter and reaching up to 5,500 euros per square meter for the latest offers.

Currently, available units under development or construction range in price from 3,700 to 5,500 euros per square meter, reflecting both the growth of the market and the continued interest in this exclusive coastal location.

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