€539,500Rovinj · Istria
Istra, Rovinj- prostran trosoban stan s otvorernim pogledom
116 m² · 3 rooms
Lumbarda · Southern Dalmatia · Croatia
In a peaceful and pleasant environment of Lumbarda, on the eastern part of the island of Korčula…
For sale · Land · Reference IB-12470
€400,000
Key facts
- Price
- €400,000
- Plot area
- 930 m²
- Distance to airport
- 57 km
Online for 11 days
Investment overview
Southern Dalmatia currently has 2 active rental listings. From 20 comparable listings onwards we show the estimated gross yield here.
What we deliberately do not calculate
- Holiday rental income and seasonal revenue. The rental average reflects long term leases, and we have no booking data for short lets.
- Occupancy and seasonality. That would need booking data, which we do not collect.
- Appreciation forecasts. Our quarterly series show past asking prices, and hindsight is not a forecast.
- Net yield. It depends on closing costs, tax rate and financing of the individual buyer.
These figures are an automatic calculation from listing data. They are not investment advice, not an investment recommendation and not a valuation. They are based on asking prices of active listings on Immobalko, not on notarised purchase prices and not on rents actually achieved. Verify every figure with the agency, a tax adviser and a local lawyer before deciding.
Description
In a peaceful and pleasant environment of Lumbarda, on the eastern part of the island of Korčula, there is a building plot of 930 m2 with completed project documentation and a valid building permit for the construction of a modern residential building. The project envisions the construction of a building with a total gross area of 611.89 m2 distributed over four floors. Six residential units are planned, including one-bedroom and two-bedroom apartments, designed according to modern living standards with an emphasis on functionality, comfort, and quality of life. The basement level is intended for garage space, common communication areas, and six separate storage units, one for each apartment. In addition to the garage spaces, additional outdoor parking spaces are also designed. The apartments are designed with spacious living rooms, open concept kitchens and dining areas, as well as covered terraces and balconies. Thanks to the location of the plot, the future building will enjoy an open view of the sea, surrounding nature, and the Mediterranean landscape, providing a sense of peace and privacy throughout the year. The location offers an ideal combination of a quiet environment and proximity to all amenities necessary for everyday life. Beaches, the town center, shops, restaurants, and other facilities are just a few minutes' walk away, while the town of Korčula is approximately 5 kilometers away. The special value of this property lies in the fact that all key administrative and project steps have already been completed. The future investor takes over the land with a fully prepared project and the possibility of immediate commencement of construction, significantly shortening the time for investment realization. Lumbarda is known for its sandy beaches, crystal-clear sea, and traditional vineyards from which the indigenous wine variety Grk comes. Throughout the year, it retains its authentic Mediterranean character and provides a pleasant blend of local life and tourist offerings. The island of Korčula is one of the most attractive Croatian islands, known for its rich cultural heritage, unspoiled nature, and indented coastline. Thanks to excellent transport connections and continuous interest from domestic and foreign buyers, it represents one of the most desirable locations for real estate investment in the Adriatic.
Location
The map shows the approximate area. The exact address is provided by the agency on request.
