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  • Excellent investment project across 4659sqm site
  • Tourist complex of 450sqm villas envisioned
  • Direct roas access, elevated plot easy to build on, with stunning sea views
  • High property demand in the area
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Property Description

The Risan development land for sale is located in the coastal town of Risan, the oldest settlement in Boka Kotorska Bay, which cuts deeply into the coastline of the southern part of the Adriatic, creating a spectacular fjord. Risan is the

largest archaeological site in Montenegro and home of mosaics originating from the Roman period - the 2nd and 3rd century AD. The Risan site is 4659sqm in size. It is beautifully positioned on a pristine, hillside location, 1km from the waterfront, minutes away from the UNESCO protected historic village of Perast and less than 30 minutes’ drive from the Tivat international airport and Kotor Old Town. It is favourably mildly sloped to the south and and offers a most picturesque view of Risan Bay. The plot is easily accessible and exits onto a road from Grahovo to Risan, and it is easy to build on. There is electricity on the site and water telephone infrastructure are nearby and easy to obtain. The planning documents allow for the gross building area of 2795sqm, with the building coefficient of 0.6 and the occupancy coefficient of 0.25. According to urban documents for the town of Risan, the site envisions luxury villas within a tourist complex with generous green areas and private outdoor pools. Each villa comes with 150sqm base and is spread across 3 storeys. Local beaches and a waterfront promenade, with numerous cafes and restaurants, are less than 1km away. The Risan land is a perfect investment project as the demand for this location is high due to the beautiful views, easy access and easy construction, and prime developments like Porto Montenegro and Portonovi just in the vicinity.

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Additional highlights

  • Excellent investment opportunity
  • Desirable location
  • Easy access and spectacular bay views
  • 2795sqm gross building area possible
  • Tourist complex of luxury 3-storey villas

Risan

The town of RIsan is the oldest settlement in Boka Bay.  Local tradition says that that the Illyrian queen Teuta came here to find safety before the onslaught of the Romans. Risan is the largest archaeological site in Montenegro and home of mosaics originating from the Roman period – the 2nd and 3rd century AD. The God Hypnos is presented in the middle of the mosaic which is the only figure of that deity on the east coast of the Adriatic. Risan is also known for the Banja Monastery built in the early 18th century, with a rich collection of icons made by painter of the Risan Icon Painting School Dimitrijević – Rafailović. Not far from Risan there is place called Lipci known for its prehistoric drawings on the rock which show a deer in motion and are alined from left to the right. Minutes away from Risan, and situated at the foot of St. Elijah Hill, is the UNESCO protected town of Perast, with its spectacular islands.

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Ulica XVI Zgrada CFSSI
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85310 Budva





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