Lučić-Kolović-Matikola Palace is situated on the waterfront, in the western part of Perast. It was built in the second half of the 18th century, which is confirmed by an inscription on the main façade dating the structure to the year 1779 and listing the names of the owners, Nikola Kolović–Matikola and his sons from the “casada” Studeni.
It is a three-storey, modest and harmoniously proportioned building, the so-called “palacin” (a small palace), with a small fenced yard facing the sea. It is easily identified by its belvedere on four sides. On the ground level, there is a simple entrance door, flanked by two windows. The balcony on the first floor is flanked by two windows with carved stone lintels. Above the inscription on the main façade stands a coat-of-arms which represents a variant of the coat-of-arms of the “casada” Studeni. Its field is divided into three parts. In the upper part on the right is a fire burning under the sun, while on the left is a wolf rearing to reach the sun.
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