Furnished  Apartment in Lustica Bay Marina,with an open sea view

One-bedroom apartment with a direct sea view in Iris Residences, Lustica Bay.

The apartment consists of a living room with a kitchen, a bedroom, a bathroom, and a terrace with a panoramic sea view.

The apartment is sold fully furnished.

There is an outdoor swimming pool set in greenery, and the resort's sandy beaches are a few minutes' walk from the apartment.

The building stands above everything that happens in Lustica Bay — boutiques and restaurants, facilities for children, the Chedi Hotel.

Distances from Lustica Bay: 10 km to Tivat airport, 14 km to the centre of Tivat, 13 km to Kotor.

At 10,377 € per m² this listing sits about 9% above the median for Luštica Bay, which stands at 9,482 € per m² across the 21 properties we hold there. A premium usually buys position: the first line, a higher floor, or a completed build rather than one still under way.

We currently hold 21 properties in Luštica Bay, running from €390,000 to €4,510,000; by price this one ranks 14 of 21. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €550,000 for 53 m², transfer tax comes to €25,000 — an effective 4.5%. Since 2024 the rate is progressive rather than a flat 3%, so it is worth calculating on the actual figure rather than assuming.

Within 5 km of this address we hold 33 other for sale listings, asking between €290,000 and €5,500,000, with a median of €625,000. At €550,000 for 53 m² this one ranks 19 of 34 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.