Single-family detached house 190 m², to be refurbished, Vela Luka

House with a beautiful view of the Vela Luka Bay

Key information
Location: Authentic Mediterranean setting with full panoramic views
Living area: ≈ 190 m²
Structure: Four floors + large terraces + rear green space with cascading dry stone walls
Garden: Space ideal for a Mediterranean garden or olive grove
Parking: Garage ≈ 15 m², direct access from the road
Condition: Renovation required
Price: 290,000.00
1. Concept and potential
Courtyards of Paradise represents a prestigious investment opportunity with unique architectural charm and panoramic views.

The property offers a complete Mediterranean experience: spacious terraces, authentic dry stone walls and the potential for a private garden or olive grove. With careful modernization, it can be transformed into a luxury residence or boutique holiday villa, combining authenticity and exclusivity.

2. Structure and floor plan
Level 1

Garage ≈ 15 m²
Level 2

2 bedrooms
Open concept kitchen and living room
Bathroom + utility room
Terrace ≈ 75 m²
Direct access to green space
Level 3

2 bedrooms
Bathroom
Two terraces ≈ 75 m²
Level 4 (Attic)

Flexible studio ≈ 25 m² (ideal as a master bedroom, office or wellness area)
3. Unique features
Full panorama – unobstructed sea and landscape views..
Large terraces – perfect for outdoor living and Mediterranean style.
Authentic character – cascading dry stone walls with potential for a private garden or olive grove.
Multi-level structure – flexibility for private living or a tourist concept.
Modernization potential – excellent basis for a luxury upgrade.
4. Investment Potential
A) Private use

An extraordinary family house
Panoramic terraces and the potential of an authentic Mediterranean garden.
Flexible spaces for home office or wellness.
B) Tourist investment

The potential of a boutique villa with 3-4 units for rent
Properties of this type on Korčula reach €250-500 per night in the peak season
With occupancy of 40–70%, annual gross income can reach €40,000–80,000+​
Premium repositioning through modernization further increases ROI.
5. Conclusion
Courtyards of Paradise is not just a Mediterranean property - it is a panoramic retreat with authentic charm and high modernization potential.

With its size, layout and location, it is positioned as a prestigious opportunity for both private use and investment in luxury tourism.

Courtyards of Paradise – a place where panoramic views, Mediterranean authenticity and investment potential meet.