Legalized Villa in Budva with 10 Apartments and Sea Views

This unique villa in Budva offers a rare opportunity to purchase a fully legalized property in Montenegro. The property is situated in an elevated position above the famous Mogren Beach and the historic Old Town of Budva.

The villa offers 562 m² of living space on a 629 m² plot.

Villa Spas comprises a total of 10 apartments, including a penthouse, all offering sea views.

According to the municipal urban development plan of Budva, the building can be extended by adding one additional floor. This makes it an excellent opportunity for investors, holiday rental operators or buyers looking to acquire an apartment building on the Adriatic coast.

Villa Layout

Ground Floor:

• Storage room (7 m²)

• 3 apartments (37 m², 49 m² and 36 m²), each featuring a bedroom, living area with open-plan kitchenette, bathroom and balcony (some with partial sea views).

First Floor:

• 3 apartments (34 m², 42 m² and 34 m²), each featuring a bedroom, living area with open-plan kitchenette, bathroom and balcony with sea views.

Second Floor:

• 3 apartments (57 m² and 51 m²):

  • One apartment with one bedroom

  • One apartment with two bedrooms

  • Both apartments feature a living area, kitchen, bathroom and balcony with sea views.

Penthouse (Top Floor):

• Spacious 163 m² of living space

• 2 bedrooms (a third bedroom can easily be added)

• Bathroom and separate guest toilet

• Large open-plan living and dining area with kitchen

• Very large terrace with panoramic views of the sea and Budva Old Town

Additional Investment Opportunity

The plot next to Villa Spas also belongs to the same owner and enjoys fantastic sea views.

The plot comes with a building permit for an additional property with 216 m² of living space across three floors.

If both properties are purchased together, the total asking price will be €2.2 million.

The additional plot is not available for separate sale and can only be purchased together with the Villa Spas apartment building.

Property Highlights

• All apartments are currently rented out (rental agreements can be terminated at any time).

• Possibility to add one additional floor.

• Possibility to construct a second building on the adjacent plot.

• Sufficient private parking spaces, a particularly valuable feature in Budva.

• Excellent location above Mogren Beach and Budva Old Town.

• Ideal for investors looking to purchase an apartment building in Montenegro.

This sea-view villa in Budva combines an outstanding location, attractive residential accommodation and excellent investment potential. A rare opportunity to acquire an income-generating property on the Montenegrin coast.