Building Plot with House & Oliveyard in Poplat bay, Vela Luka

Key Information

• Location: Poplat Bay, Vela Luka – western Korčula
• Land size: 2,612 m²
• Building: House built before 2012 (with the possibility of legalization)
• Infrastructure:
  ▫️ Electricity connection
  ▫️ Water supply via two large cisterns
• Price: €410,000

1. Concept and 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 olive grove, offering multiple opportunities: from reconstructing the existing house to building a modern Mediterranean villa with pool or creating a private luxury estate. The size and positioning of the land allow the development of an authentic Mediterranean retreat, where unspoiled nature meets refined seaside living.

2. Structure and Layout

Existing house

• Built before 2012
• Eligible for legalization
• Can serve as a base for reconstruction or as temporary accommodation during construction

Land (2,612 m²)

• Spacious, within the building 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. Unique Features

• Location in Poplat Bay – complete privacy, natural beauty, and tranquility.
• Generous land size – 2,612 m² allowing luxury development concepts.
• Olive grove – authentic Mediterranean atmosphere and additional value.
• Infrastructure in place – electricity and cisterns for water supply.
• Project flexibility – from renovating the existing house to developing an exclusive tourism or private project.

4. Investment Potential

A) Private Use

• Construction of a Mediterranean residence with pool and garden.
• Combination of the existing house and a new luxury building.
• Olive grove can be transformed into hobby olive oil production or a themed Mediterranean garden.

B) Tourism Development

• Potential for a boutique villa designed for high-end rentals.
• Estimated revenues: luxury villas in quiet bays can achieve €400–700 per night in peak season. 
  

5. Conclusion

The building plot with house and olive grove in Poplat Bay is a rare opportunity to create a Mediterranean retreat on Korčula.

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

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

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