Exceptional Development Land with Panoramic Sea Views — Budva, Podkošljun

Property description

An outstanding opportunity in one of Budva’s most desirable residential-tourist neighborhoods — Podkošljun. Just 250 meters from the sea, this uniquely positioned property offers a rare combination of panoramic views of the Adriatic, the Old Town, and the iconic Saint Nikola Island.

Thanks to its cascading terrain configuration, every future structure can enjoy unobstructed sea views, making the site ideal for luxury residential development, boutique hotels, or premium rental units.

Property Overview

The estate consists of two larger cadastral parcels forming three urban plots, sold exclusively as a whole.
Comprehensive UTU documentation is already in place, defining a total Gross Build Area (GBA) of 2,188 m² across all permitted structures.

Urban Planning Parameters

Urban Plot UP 50

• Plot area: 313 m²

• Allowed GBA: 268 m²

• Permitted structure: Ground floor + Elevated ground floor + 2 floors

Urban Plot UP 21

• Part of the second parcel (total 1,654 m²)

• Allowed GBA: 774 m²

• Permitted structure: Ground floor + Elevated ground floor + 2 floors + Attic

Urban Plot UP 4

• Also part of the second parcel

• Allowed GBA: 1,146 m²

• Permitted structure: Ground floor + Elevated ground floor + 2 floors + Attic

Key Advantages

• Direct access from a public road

• All infrastructure on site: city water supply, electricity, sewage

• Positioned in Podkošljun, a highly sought-after area in Budva’s wider center

• Surrounded by year-round amenities: supermarkets, pharmacies, restaurants, kindergarten, post office, and more

Ideal For

• High-end residential complexes

• Luxury villas or apartments

• Boutique hotel projects

• Long-term investment with strong growth potential