Luxurious Three-bedroom Villa within Golf Residences, Lustica Bay

Three-bedroom villa of 275 m2 available in Lustica Bay’s new development on the golf courses – The Peaks. The Peaks is Montenegro’s first residential neighborhood of its kind and home to the region’s first golf course. Situated above the first two holes of the Gary Player-designed 18-hole golf course, Botanika Residences are the first homes to emerge from this unique fusion of nature and elevated living.

The villa will consist of a spacious open-plan living room featuring fireplace as well as dining area and kitchen equipped with Miele appliances, three bedrooms, three bathrooms, a guest toilette, and terraces with stunning views facing the sea and Golf hole 5, office room, laundry, and technical room.

Future owners will have at their disposal a private swimming pool, as well as several sandy beaches within the complex.

The garage and internal storage area are also included.

A convenient payment plan is approved: 20% on Sales & Purchase Agreement + quarterly installments. (two years post-delivery).

With the expected completion date in December 2027, the payment plan will allow the owners to enjoy the property even before the villa is paid off.

At 12,254 € per m² this listing sits about 29% 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 3 of 21. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €3,370,000 for 275 m², transfer tax comes to €194,200 — an effective 5.8%. 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 48 other for sale listings, asking between €125,440 and €5,500,000, with a median of €597,500. At €3,370,000 for 275 m² this one ranks 5 of 49 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.