Studio apartment with an open sea view, Lustica Bay

Studio apartment with a direct sea view in the new luxury Lustica Bay resort.

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

The apartment is sold fully furnished.

The new owners will be able to enjoy the outdoor swimming pool surrounded by greenery. They will have access to the beautiful sandy beaches within the resort, which are only a few minutes walk from the apartment.

The building is located at the top of all attractive activities within the Lustica Bay settlement with many boutiques and restaurants, facilities for children, the Chedi Hotel, etc.

Lustica Bay is located only 10 km from Tivat airport, 14 km from the center of Tivat, and 13 km from Kotor.

At 10,227 € per m² this listing sits about 8% 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 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 44 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 47 other for sale listings, asking between €125,440 and €5,500,000, with a median of €635,500. At €450,000 for 44 m² this one ranks 36 of 48 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.