Pharos Luxury Resort

“Project PHAROS LUXURY RESORT involves the construction of 50 villas in a prestigious location near Hvar, next to the Pokonji Dol zone, and is entirely focused on the luxury tourism market with significant planned profit upon completion of the project.

Location and Urban Planning Details:

• The location is close to the center of Hvar town (2 minutes by car, 10 minutes on foot), with access to the heliport, sports airfield, and the natural beauty of the Pakleni Islands.
• The zone is designated for tourism, with a total area of 25 hectares, of which 6 hectares are planned for villa construction.
• Maximum permitted density: Kig 0.12 | Kis 0.2450
• Maximum building height: ground floor + 1 floor, up to 6 meters in total.

Minimum vills distance from the coastline: 100 meters.”

“Basic costs per villa:

• Costs of land, construction, infrastructure, and permits: total 1,261,683 EUR per villa (excluding taxes).
• Expected sales price per villa: 2,070,000 EUR.
• Total investment for 50 villas: 63,084,146 EUR.

Location and urban planning conditions:

• The Pokonji Dol zone covers 256,639 m² with detailed zones for villas, wellness, medical tourism, and commercial facilities.
• The project zone for 50 villas is 60,000 m².
• Villas are designed with an average area of about 800 m² each, emphasizing high-quality materials (stone, wood, glass) and harmony with the natural environment.
• The area is classified as T2 tourism, with flexible urban plans that allow expansion and adaptation to market demands.
• Infrastructure access includes access roads, heliport, parking, and green areas.”