Sale, house, 700m², Petrovac, Budva

Boutique Hotel »Rifugio del Sole» — a unique investment opportunity on the coast of Montenegro
Location:Petrovac, Budva Riviera
Price:1 600 000 €1 900 000 €
»Rifugio del Sole» (translated from Italian as »Sun Refuge») is more than just a boutique hotel. It is a place of strength, history, and inspiration, where centuries-old traditions and modern comfort blend harmoniously.
Historical value
The history of the property dates back to the 15th century. In 1458, Abbot Georgius Pelino, an influential clergyman and diplomat from the Benedictine Abbey of Santa Maria de Roteczo, transferred this plot of land and 75 ducats to his assistant and court pharmacist Antonio Belli as a token of gratitude for faithful service and care for the health of the monastic brotherhood.
By 1463, the house had been built. Since then, it has stood as a silent witness to centuries of wars, earthquakes, and the change of empires and peoples — from the Ottoman and Austro-Hungarian to the French. Despite this, the property has preserved its historical essence and unique architectural aura.
Modern reconstruction
In 2020, a large-scale reconstruction began with the aim of preserving the authentic atmosphere and architectural elements of the 15th-century building. At the same time, modern engineering solutions and high standards of comfort have been integrated into the project.
• Unique original stone walls, preserved in their pristine form, provide excellent thermal and sound insulation
• Panoramic windows on the south side offer breathtaking views of the Adriatic Sea and the mountain landscape
• Reliable protection from northern winds thanks to the architectural features of the building
• The current stage of implementation makes it possible to adapt the final appearance of the property to the investor’s individual preferences
»Rifugio del Sole» — a name with character
The name »Sun Refuge» reflects the key aspects of the hotel concept:
•Connection with nature— thanks to its location, both sunrises and sunsets can be observed here
•Historical continuity— »rifugio» symbolizes protection and shelter preserved through the centuries
•Comfort and privacy— an atmosphere of true coziness and care
•Aesthetics and emotions— light, space, silence, inspiration
Location advantages
Petrovac is one of the most picturesque corners of the Montenegrin coast, combining tranquility, pine groves, crystal-clear sea, and well-developed infrastructure.
• A cozy resort town, ideal for a relaxed holiday
• Just 30 minutes’ drive from Budva
• Potential for high income from short-term rentals or running a luxury hotel business
Investment potential
The property is ideal for:
• A boutique hotel with a historical concept
• A premium private residence
• A villa for rent with high profitability
This is a rare opportunity to become the owner of a property with an exceptional history, located on the first line by the sea.
Contact us to receive floor plans, technical documentation, and to arrange a viewing date.