Building land in Risan, Bay of Kotor —
€5 500 000
ID 122578
Uploaded 13.02.2026
Key features
600 m
to sea
27 km to airport
Details
Property description
An exceptional hillside investment project in Risan, Boka Kotor Bay, Montenegro, with panoramic sea views and fully prepared documentation for residential or resort development.
This is a structured investment opportunity with a high degree of readiness for implementation in one of the most promising areas of the Bay of Kotor.
Location
• Total land area: 13,000 m^2.
• Approximately 65 meters above sea level.
• 7 minutes walk to the sea.
• Panoramic view of the Bay of Kotor.
• All necessary infrastructure is in the immediate vicinity.
• Quiet, elevated position with convenient access.
Documentation and legal status
• Pure ownership — without encumbrances and loans.
• Issued by UTU (Urban Technical Specifications).
• A construction permit has been obtained (for the first phase).
• Utility fees have been paid (for Phase 1).
• UNESCO approval has been received (Phase 1).
All the land is intended for residential construction.
Project structure:
The site is divided into three separate projects, which allows the construction to be carried out in stages or to structure the transaction in a flexible manner.
Project 1 – Risan (fully prepared phase)
• Construction permit for 9 buildings.
• There are 55 apartments in total.
• UNESCO approval has been received.
• Only the payment of utility bills is required.
This phase is a ready-to-launch project of a low-rise luxury residential/resort development.
Project 2 – Risan
• Land with UTU.
• Capitcent 1.
Project 3 – Risan
• Land with a building permit.
• There is no UNESCO approval.
Transaction formats — flexible structure:
The owner is open to various options for cooperation:
1. Full sale of the land together with the company (sale of SPV shares).
2. Attracting a strategic partner with a share of up to 50%.
3. Direct sale of the asset.
4. Joint Construction (Joint Venture).
5. Consideration of an exchange for an equivalent asset (apartments or a hotel complex in another location).
The flexibility of the format allows the investor to optimize the transaction structure in terms of capital and tax planning.
Investment attractiveness
The project represents a rare opportunity to enter the construction market in the Bay of Kotor with:
• ready-made documentation;
• partially approved by UNESCO;
• clean legal structure;
• possibility of phased implementation;
• high potential for capital growth in the medium and long term.
Risan is actively developing as a part of the Bay of Kotor, with a growing tourist flow, infrastructure development and increased demand for high-quality housing and resort properties.
To receive a master plan, a financial model of the project, or to discuss a partnership, please contact us directly.
This is a structured investment opportunity with a high degree of readiness for implementation in one of the most promising areas of the Bay of Kotor.
Location
• Total land area: 13,000 m^2.
• Approximately 65 meters above sea level.
• 7 minutes walk to the sea.
• Panoramic view of the Bay of Kotor.
• All necessary infrastructure is in the immediate vicinity.
• Quiet, elevated position with convenient access.
Documentation and legal status
• Pure ownership — without encumbrances and loans.
• Issued by UTU (Urban Technical Specifications).
• A construction permit has been obtained (for the first phase).
• Utility fees have been paid (for Phase 1).
• UNESCO approval has been received (Phase 1).
All the land is intended for residential construction.
Project structure:
The site is divided into three separate projects, which allows the construction to be carried out in stages or to structure the transaction in a flexible manner.
Project 1 – Risan (fully prepared phase)
• Construction permit for 9 buildings.
• There are 55 apartments in total.
• UNESCO approval has been received.
• Only the payment of utility bills is required.
This phase is a ready-to-launch project of a low-rise luxury residential/resort development.
Project 2 – Risan
• Land with UTU.
• Capitcent 1.
Project 3 – Risan
• Land with a building permit.
• There is no UNESCO approval.
Transaction formats — flexible structure:
The owner is open to various options for cooperation:
1. Full sale of the land together with the company (sale of SPV shares).
2. Attracting a strategic partner with a share of up to 50%.
3. Direct sale of the asset.
4. Joint Construction (Joint Venture).
5. Consideration of an exchange for an equivalent asset (apartments or a hotel complex in another location).
The flexibility of the format allows the investor to optimize the transaction structure in terms of capital and tax planning.
Investment attractiveness
The project represents a rare opportunity to enter the construction market in the Bay of Kotor with:
• ready-made documentation;
• partially approved by UNESCO;
• clean legal structure;
• possibility of phased implementation;
• high potential for capital growth in the medium and long term.
Risan is actively developing as a part of the Bay of Kotor, with a growing tourist flow, infrastructure development and increased demand for high-quality housing and resort properties.
To receive a master plan, a financial model of the project, or to discuss a partnership, please contact us directly.
ID: 87966
Agency: Monteonline
Ksenija Sedova
Agent at Monteonline
Speaks English, Serbo-Croatian