Exclusive Seafront Development Opportunity — Rafailovići, Budva

Property description

A rare investment opportunity on the first line of Rafailovići, positioned directly next to the well-known Porat restaurant. This unique seafront plot offers exceptional potential for a luxury apart-hotel, boutique hotel, or mixed-use development — in one of the most desirable coastal locations in Montenegro.

Property Highlights

• Plot size: 692 m²

• Frontage width: approx. 25 meters

• Exceptional seafront position with the ability to lease the beach area in front of the property

• Concept design completed for a premium apart-hotel project:

  • Garage / underground parking: 655 m²

  • Main building: 2,757 m²

  • Ground floor designed for commercial spaces (ideal for restaurant, café, boutiques)

The configuration and location make this ideal for a high-end tourism development with exceptional rental potential.

Investment Options

• Marketed Price: €6,500,000

• Joint Development Possibility

Why This Property Stands Out

• One of the very few remaining seafront plots in Rafailovići

• Directly on the promenade, steps from beaches, restaurants, and marina facilities

• Suitable for luxury hotel, apart-hotel, or mixed-use development

• Strong year-round demand and premium pricing potential

• Exceptional visibility and commercial attractiveness on the Budva Riviera

Ideal For

• Established hotel groups

• International investors seeking a flagship seafront property

• Developers looking for a high-ROI tourism project in a prime location

• Joint ventures with secure and reputable partners