Serviced studio apartment with sea and promenade view, Chedi hotel, Lustica Bay

Fully furnished studio apartment of 48 m2 within The Chedi Hotel in Luštica Bay Marina village.

Studio consists of one central room, kitchen, large bathroom, guest toilet and a beautiful terrace overlooking the pool and Luštica Bay walking promenade.

The apartment has a great rental potential and it is fully serviced.

Hotel Chedi is a luxury 5 * hotel located on Luštica Bay walking promenade, with 2 restaurants, heated outdoor and indoor swimming pools, spa and fitness center, gym, etc. Hotel guests have free access to the Luštica Bay sandy beach, while all other amenities of Luštica Bay are just 2 minutes walking distance from the hotel.

Luštica Bay is a luxury marina town with beautiful residential collection, retail, 5* hotel, large number of restaurants, supermarket, spa, etc.

Distance from Tivat airport is 13km.

At 9,375 € per m² this listing sits close to the median for Luštica Bay, which stands at 9,636 € per m² across the 21 properties we hold there. That makes it a fair reference point for the neighbourhood rather than an outlier in either direction.

We currently hold 21 properties in Luštica Bay, running from €390,000 to €4,510,000; by price this one ranks 19 of 21. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €450,000 for 48 m², transfer tax comes to €19,500 — an effective 4.3%. 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 €450,000 for 48 m² this one ranks 26 of 34 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.