FOR SALE - Authentic Stone House in the Heart of Vela Luka – Just 30m from the Sea | Korčula Island

280 000,00 €

Authentic Stone House in the Heart of Vela Luka

 118 m² | Just 30 m from the Sea | Renovation Opportunity with High ROI |   Korčula Island

 Step into the soul of Vela Luka with this rare opportunity: a charming,   authentic stone house just 30 meters from the shimmering Adriatic.   Nestled in one of the most atmospheric corners of the town center, this   118 m² property offers timeless character, walk-everywhere convenience,   and excellent income potential once restored.

  Key Advantages:

  Prime Location – Central & Coastal

• Located in the historic core of Vela Luka, just steps from the waterfront promenade
• Surrounded by cafés, galleries, restaurants, and the town marina
• 30 meters from the sea – ideal for guests or owners who want to live the island lifestyle on foot

  Authentic Mediterranean Architecture

• Traditional Dalmatian stone construction with thick walls and original features
• Three floors (ground + 2), perfect for converting into luxury suites or a family townhouse
• Scope for rooftop terrace or upper-level balcony with partial sea views (subject to permits)

  Renovation Potential

• Structurally sound, awaiting a full interior renovation to elevate comfort and style
• Ideal for a boutique B&B, rental villa, or dual-purpose holiday + income property
• Utilities (water, electricity, sewage) already in place

  ROI & Income Projection

• Excellent short-stay rental demand in Vela Luka’s historic core during high season
• Potential to earn €25,000–€40,000+ per season (based on 3-unit conversion and mid–high occupancy)
• ROI estimated at 7–10% annually post-renovation, with strong resale potential
• Low property tax and maintenance cost profile supports long-term yield

  Island Lifestyle Meets Urban Comfort

• 5-minute walk to ferry, shops, markets, and cultural venues
• Close to Kalos Rehabilitation Center, attracting year-round wellness visitors
• Year-round local community combined with seasonal tourism = steady occupancy

This stone house is more than a renovation   project – it’s a legacy  opportunity. With the   Adriatic at your doorstep and Korčula’s rising   tourism profile, this is your chance to create a stunning island refuge with   both heart and return.

ELISE AGENCY – We don’t just sell real estate - We unlock the potential.