House for Sale in Kotor

Exploring the Investment Potential of a Stone Villa in Kotor

Nestled at the heart of the breathtaking Boka Bay, this charming stone villa embodies the allure of coastal living, perfectly positioned just 20 meters from the azure waters of the Adriatic Sea. In the quaint village of Štrp, this property not only offers a serene environment but also an extraordinary investment opportunity for savvy investors.

The Allure of the Surrounding Area

The captivating landscape of Kotor, with its stunning fjord-like bay, UNESCO World Heritage Site designation, and rich cultural tapestry, attracts thousands of tourists from around the globe. The village of Štrp, known for its tranquility, offers easy access to bustling Kotor while allowing for a peaceful retreat away from the crowds.

**Points of Interest:**
– **Kotor Old Town:** A short drive away, this medieval city is replete with cobblestone streets, ancient churches, and charming shops, making it a must-visit destination.
– **Local Beaches:** The nearby beaches are perfect for sun-seekers, with crystal-clear waters that invite swimming and relaxation.
– **Hiking Trails:** Nature enthusiasts can explore surrounding hills and mountains with various trails offering breathtaking views of the bay and the surrounding landscape.
– **Cultural Events:** Throughout the year, Kotor hosts various festivals and events, immersing visitors in local culture and traditions.

A Versatile Investment Opportunity

This villa’s architectural design maximizes comfort and style, featuring five distinct apartments that allow flexibility for various rental strategies. The spacious layouts cater to families, couples, or solo travelers seeking a unique experience in Kotor.

**Apartment Overview:**
– **Apartment 1:** 110 m² with a welcoming living room, three bedrooms, and two bathrooms.
– **Apartment 2:** Mirroring Apartment 1 at 112 m², it boasts similar features perfect for lodging larger groups.
– **Apartments 3 and 4:** Ideal for couples or smaller families at 52 m² and 28 m² respectively, these apartments ensure a cozy retreat.
– **The Attic Space:** Spanning 80 m², this charming area highlights two bedrooms, a spacious living area, and a bathroom, providing an intimate atmosphere.

Each apartment is an opportunity in itself; the possibilities for maximizing rental income are vast.

Assessing the Rental Market

As the tourism sector in Montenegro continues to flourish, the rental income potential of this property becomes increasingly appealing. The average summer rental of €120 per night, coupled with a 60% occupancy rate over peak months, underscores the lucrative nature of this investment.

**Calculating Your Potential ROI:**
– **Projected Annual Rental Income:**
– 5 apartments x €120/night x 90 nights = **€54,000**
– **Operational Costs:** Estimated at 30%, leaving a net income of approximately **€37,800**.
– **Property Valuation:** Priced at €600,000, resulting in an ROI of around **6.3%** annually.

Conclusion: A Premier Investment Opportunity

This stone villa not only offers an enchanting place to stay but also presents a compelling financial opportunity for investors. Its strategic location, combined with the vibrant rental market of Kotor, allows you to capitalize on the region’s year-round attractiveness. By leveraging this unique investment, you’ll secure a foothold in one of Montenegro’s most picturesque locales. Don’t miss your chance to turn dreams of paradise into a profitable reality.

Contact us today for pricing details, and step into the future of successful property investment in Kotor!