Building land for Sale

Building plot with a small house, Poplat bay, Vela Luka

Key information
Location: Poplat bay, Vela Luka – West Korčula
Land area: 2,612 m²
▫️House built before 2012 (with possibility of legalization)
Infrastructure:
▫️ electricity
▫️ two large water tanks
Price: €410,000
1. Property potential
Located in one of the most beautiful and peaceful bays of western Korčula – Poplat bay, this property combines natural beauty, privacy and exclusivity. It consists of a building plot with a house and an olive grove, offering numerous possibilities: from the reconstruction of an existing house to the construction of a modern Mediterranean villa with a pool or the creation of a private luxury estate. The size and position of the land allow the development of an authentic Mediterranean retreat, where untouched nature meets refined seaside living.

2. Structure and floor plan
Existing building

Built before 2012
Possibility of legalization
Can serve as a base for reconstruction or as temporary accommodation during construction.
Land (2,612 m²)

Spacious, mostly in a construction zone
Potential for subdivision into several smaller residential units or development of a unique project (boutique villa, private estate).
Olive grove providing authentic Mediterranean character and added value.
3. Special features of the property
Location – complete privacy, natural beauty and peace.
Generous land area – 2,612 m² enabling luxury development concepts.
Olive grove – authentic Mediterranean atmosphere and added value.
Infrastructure installed – electricity connection and water supply cistern.
Project flexibility – from renovation of an existing house to development of an exclusive tourist or private project.
4. Investment potential
A) Private use
Construction of a Mediterranean residence with swimming pool and garden.
Combination of existing house and new luxury development.
The olive grove can be converted into a hobby olive oil production or a themed Mediterranean garden.
B) Tourism concept
Potential for a boutique villa intended for rental in the premium segment.
Estimated income: luxury villas in quiet bays can generate €400–700 per night in peak season.
5. Conclusion
A building plot with a house and olive grove in Poplat Bay is a rare opportunity to create a Mediterranean retreat on Korčula.

It offers a perfect balance between peaceful surroundings, natural beauty and existing infrastructure, making it extremely attractive for both private buyers and investors.

Price: €410,000 – a competitive entry into the premium segment of real estate on Korčula, with strong potential for value growth and attractive returns through luxury tourism.