House in the quiet part of Tivat

Centrally positioned in Boka Bay, Tivat will welcome you with many sunny hours during the year, due to its south-east orientation. Being located just below the mountain Vrmac and just across peninsula Lustica and next to the only airport at the coast, it is considered to have one of the best and most beautiful locations on the coast.

Warm sea and pleasant shadow from many olives, pines and lavenders make each stay true holiday.

The house is located in the peaceful part of Tivat, only 2km away from the city centre and Porto Montenegro, the high end marina and shopping area. The 267m2 house is located on the 734m2 plot. Three level house has diverse structure on each floor.

The ground floor of the property will welcome you with 51m2 internal area and 34m2 of external area. Internal area consists of the open concept living room with the kitchen and dining room, one bedroom and the bathroom.

First floor will welcome you with the living room, kitchen and the dining room with an additional bathroom and a balcony, while the second floor will provide you with three bedrooms, a big bathroom and another balcony.

There is additional smaller guest house of 60m2 with the living room, dining room, kitchen and the bathroom.

At 3,183 € per m² this listing sits about 23% below the median for Mrčevac, which stands at 4,122 € per m² across the 6 properties we hold there. Below-median usually means one of three things: set back from the water, an older build, or a floor plan that needs work.

We currently hold 6 properties in Mrčevac, running from €163,000 to €850,000, and this is the most expensive of them. At the top of a neighbourhood the price is set by what is rare there rather than by the square metres.

On this asking price of €850,000 for 267 m², transfer tax comes to €43,000 — an effective 5.1%. 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 76 other for sale listings, asking between €125,440 and €5,500,000, with a median of €585,000. At €850,000 for 267 m² this one ranks 27 of 77 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.