850m² House

Residential Development Project with Sea View for Sale in Dobra Voda, Bar

A planned residential development for sale in Dobra Voda, within the Municipality of Bar, Montenegro. The project is located below the main Bar–Ulcinj road in a quiet residential area with direct sea views and convenient access to the coast.

The property is offered in its current development stage and includes a preliminary design for a multi-storey residential building with an estimated total area of approximately 850 m².

Purchase Price and Projected Sales Value

• Current asking price: €1,250,000
• Estimated sales value after completion: Approximately €2,400,000

The projected value of approximately €2.4 million is an estimate and should not be interpreted as a guaranteed resale price or return. The actual outcome will depend on construction costs, financing, permits, completion standard, market conditions, unit mix, sales timing and transaction expenses.

Project Overview

• Property type: Planned residential building
• Location: Dobra Voda, Municipality of Bar, Montenegro
• Estimated total building area: Approximately 850 m²
• Estimated building footprint: Approximately 162 m²
• Planned structure: Ground floor plus three upper floors
• Additional feature: Rooftop terrace
• Planning stage: Preliminary design available

Planned Building Configuration

The current concept provides for a ground floor and three additional storeys, together with a large rooftop terrace overlooking the Adriatic Sea.

The preliminary design reportedly includes a reception area on the ground floor and a rooftop pool as part of the proposed leisure facilities.

Planned Technical Features

• Ground floor: Reception area
• Rooftop: Terrace with planned swimming pool
• Windows: Aluminium window systems
• Glazing: Insulated glazing
• View: Direct sea view

Location in Dobra Voda

The development site is located in Dobra Voda, below the main road connecting Bar and Ulcinj.

The area offers a quieter coastal setting while remaining connected to Bar, Ulcinj and the wider southern Montenegrin coast.

• Distance to the sea: Approximately 300 metres on foot
• Road access: Direct access from the main road
• Setting: Quiet residential area
• View: Open Adriatic Sea view

Development and Investment Potential

The project may be suitable for a residential apartment development, aparthotel concept or another tourism-related use, subject to the applicable planning, construction and operating approvals.

The combination of sea views, proximity to the coast, road access and the proposed rooftop facilities may support future sales or rental positioning after completion.

Due Diligence Requirements

Before acquisition, investors should verify the land ownership, cadastral records, urban planning conditions, building permit status, preliminary design, gross and net saleable areas, utility connections, road access and any existing encumbrances.

A complete development appraisal should also include verified construction costs, professional fees, taxes, financing costs, contingency reserves, expected sales prices and the projected development timeline.

Key Investment Details

• Asset type: Residential development project
• Location: Dobra Voda, Bar, Montenegro
• Current asking price: €1,250,000
• Projected completed sales value: Approximately €2,400,000
• Estimated total area: Approximately 850 m²
• Estimated footprint: Approximately 162 m²
• Planned floors: Ground floor plus three storeys
• Rooftop terrace: Planned
• Rooftop pool: Planned
• Distance to the sea: Approximately 300 metres
• Preliminary design: Available
• Potential use: Residential development, aparthotel or tourism investment