RENOVATED STONE HOUSE IN CENTER OF VELA LUKA - 280.000€
280 000 €
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.
Attractive plot with an olive grove, located in a peaceful and secluded setting in the immediate vicinity of Vela Luka. The plot has a southwest orientation, providing plenty of sunlight throughout the day, while the highest point of the land offers a beautiful view of the sea.
The property features old olive trees in very good condition, as well as traditional dry-stone walls that are excellently preserved and further emphasize the authentic Dalmatian character of the land. A special added value is the small structure marked and registered in the cadastre, offering the future owner additional possibilities for use.
Water pipes have been brought to the plot, which is a significant advantage for maintaining the olive grove and for future use of the land. There is an access path to the property that can be widened for a car, while the main road is nearby, making the location easily accessible yet still sufficiently tucked away to ensure peace and privacy.
This property is ideal for nature lovers, olive-growing enthusiasts, and those seeking an authentic island setting, as well as anyone looking for a peaceful location with potential close to all the amenities of Vela Luka.