Palace ensemble on the first line to the sea in Orebic area!
Distance to sea:
1 051 sqm
No. of bedrooms:
No. of bathrooms:
1 600 000 €
Palace ensemble of the first line of the sea on the Peninsula of Peljesac!
Two palazzos built in 1712 are for sale - they are the contemporaries of Tsar Peter the Great, Newton! Stunning views of the island of Korcula and nearby islands! Monuments of history and culture of Croatia. Recently completely renovated with preservation of decor elements.
Villa of the first line has an area of 300 m2, 3 floors and a moorage in front of the villa. First level: four bedrooms, halls, wine cellar. Second level: spacious hall, kitchen, bathroom, toilet. The third level: a room for free use.
Villa of the second line has an area of 650 m2, 3 floors (can be expanded to 850 m2). Has 10 suites. Can be reformatted and turned into a hotel for 25 rooms.
The total cost is 1 600 000 euros. Possible purchase on a separate basis. Villa on the first line - 750 000 euros. Villa on the second line - 950 000 euros
It is possible to rebuild both buildings and create a boutique hotel of 4-5 stars.
Distance to the airport of Dubrovnik is approx. 130 km.
Key to success of property market on Korcula is a Peljesac bridge. 300 mln euro had been already allocated for bridge construction. The bridge has to be 2,4 mln long to connect the end of Peljesac peninsula to Ploce area on the mainland. First works were started in the end of July 2018. Main contractor is China Road and Bridge corporation which won the tender due to lower prices and more attractive time-frame of construction. There is no secret that Chinese specialists have gained great experience recently in national road and rail development. And now this experience will be shared with Croatia.
Peljesac is a wonderful area well-known by it’s wineries and wind-surfing opportunities at Kuciste and Loviste. This peninsula is about 80 km long from Ston to Loviste and it takes not less than 2,5 hours to get to the nearest airport of Dubrovnik. Orebic town on Peljesac is a ferry-port for Korcula connections, so that this area of Korcula island and Peljesac are closely tied together both economically and historically. For a long period of time due to remoteness and isolation of this region, very few real estate buyers were interested in Peljesac. However, bridge construction will boost the interest of investors and developers towards this area of Croatia. Now it is known for very moderate property prices for Croatia and it is right time to invest in Peljesac now before the completion of the bridge.
Brigdes in Croatia become the starting point for regional development, infrastructure upgrade. They are bridges to the future and to success.
Update as of 10/20/2017
Overall additional expenses borne by the Buyer of real estate in
Croatia are approx. 8% of property cost: property transfer tax (4% of
property value), agency commission (3%+VAT on comission), advocate fee
(0,5-1%), notary fee and official certified translation expenses.
Brockerage agreement on 3% commission (+VAT) is signed prior to visiting