House for Sale in Kostanjica

Exploring the Charms of Kostanjica: A Unique Investment Opportunity

Nestled along the crystal-clear waters of the Adriatic Sea, the coastal village of Kostanjica offers an enchanting blend of natural beauty and potential for lucrative investment. This picturesque location is not just a place to call home; it is a canvas for crafting a serene, luxurious lifestyle or a prosperous business venture.

A Jewel by the Sea

Imagine waking up to the sound of gentle waves lapping at the shore, with sun-kissed vistas greeting you from every corner of your property. The stone house for sale in Kostanjica, with its unique charm and rich heritage, stands as a prime example of what this region has to offer. Covering a generous area of 162 m², the house awaits rejuvenation and transformation. The expansive plot of 12,443 m² presents unlimited possibilities, allowing you to envision a magnificent seaside retreat.

Development Potential: Unleash Your Imagination

The property stands out not only for its beauty but also for its vast development potential. The land is composed of 1,188 m² of urban space, allowing you to create a bespoke luxury villa or an exclusive boutique accommodation, and 11,255 m² classified as agricultural land, which can also be utilized creatively.

– **Luxury Villa:** A majestic residence with stunning sea views.
– **Boutique Accommodations:** Create unique and memorable stays that attract tourists all year round.
– **Culinary Destination:** Utilize the agricultural land for a farm-to-table restaurant, taking advantage of local produce.

Envisioning a new structure with a net area of approximately 900 m² opens the doors to a wealth of opportunities. Whether you choose to develop residential or commercial properties, your investment can flourish in this alluring destination.

Attractions and Lifestyle

Kostanjica is located near the well-known Kotor Bay, a UNESCO World Heritage Site, known for its striking landscapes, vibrant culture, and rich history.

– **Cultural Exploration:** Enjoy the old-town charm of Kotor, where delightful streets are filled with history, quaint shops, and delicious local cuisine.
– **Outdoor Activities:** From hiking scenic trails to sailing through stunning waters, your days can be filled with adventure and exploration.
– **Vibrant Community:** Experience the warmth of local hospitality and participate in festivals that celebrate the rich cultural heritage of the region.

This vibrant atmosphere not only enhances your living experience but also attracts a steady stream of tourists, thereby increasing the rental demand for your investment property.

Analyzing ROI: A Look Ahead

While it may initially appear that the return on investment (ROI) for this property is modest, it is imperative to understand the long-term potential. Investing in Kostanjica promises significant appreciation and rental opportunities, especially during the peak summer season.

Annual Rental Income potential can be calculated as follows:

– **Peak Season (6 months):** 3 000€/month
– **Off-Peak Season (6 months):** 1 000€/month

This gives an annual income of:

Annual Rental Income: (3 000€ * 6) + (1 000€ * 6) = 18 000€

With an initial investment of 4 180 000€, the ROI can be articulated as follows:

ROI = (Annual Income / Investment) * 100 = (18 000€ / 4 180 000€) * 100 = 0.47%

While a measured ROI of 0.47% may seem modest, this property is a stepping stone towards significant returns once development potentials are unlocked, especially in a flourishing market like Kostanjica.

Conclusion: A Canvas for Your Vision

Investing in the Kostanjica property is not just about numbers; it is about embracing a lifestyle and an environment that nurtures growth and creativity. Picture yourself as the architect of your future, designing not just a structure, but a place where people come to create memories, enjoy life, and succumb to the charm of the Adriatic coastline.