3 Bedroom Apartment for Sale in Lustica Bay
€862,000
Peter Flynn
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Description
Centrale is set to become the heart of Lustica Bay, blending vibrant community life with modern convenience.
With residential buildings already taking shape and plans for a school, bank, fire service, and more, it's an ideal spot for families and professionals seeking the perfect second home or vacation retreat.
The neighborhood boasts modern infrastructure and thoughtful design that harmonizes with its natural surroundings.
Centrale combines residential and commercial spaces with inviting public areas, all designed to embrace outdoor living and foster a lively community.
Its charming streets lead to the Piazza, a central square filled with shops, cafes, galleries, and restaurants, offering energy and activity every day of the year.
Centrale has been designed as a place to live, work and spend time, with active streets, distinctive yet understated architecture, and a central Piazza that encourages daily interaction.
The neighbourhood offers a practical mix of cafés, restaurants, a pub, retail shops and everyday services, along with a beauty bar and kids' club.
The recently opened Hotel Centrale adds further convenience and supports year-round community life.
Facilities that support an active lifestyle include courts for tennis, padel and basketball, sand volleyball, and a landscaped park with a playground and outdoor gym.
Everyday needs are also well covered, with a medical and dental clinic, bank, fire station and dedicated parking already in place.
Planned additions, including an international school and police station, reflect Centrale's long-term role as the central neighbourhood connecting all parts of Lustica Bay.
Property Features:
- Beach access
- Access to two adult pools and one children's pool
- Contemporary fixtures and spacious layouts
- Fully equipped kitchen
- Open plan living and dining areas
- All fitted furniture included
- Garage or a dedicated parking space long term lease included
- 24h customer service and security
- Internal storage space
Centrale Homeowner Benefits:
As a homeowner at Lustica Bay, you are buying so much more than a home, you will be a part of Lustica Bay's exclusive lifestyle.
To ensure you can make the most of every moment at Lustica Bay, residents are provided with an array of unique benefits including:
- Access to Lustica Bay beach, along with the priority reservation benefits for other beaches within the complex
- Customer service and security
- Shuttle service to Marina Village
- Access to rental pool managed by Lustica Bay's Property Rental Service
- Discounted rates for The Chedi Lustica Bay 5 star hotel
- Access to invitation only events
- 24h customer service and security
- Beach access
- Access to two adult pools and one children's pool
- An exclusive year-round property management and maintenance service, including upkeep, maintenance and landscaping available at a preferential charge.
This spacious one-bedroom apartment consists of open space kitchen, living and dining area that continues to the generous terrace with either garden or partial sea views.
In continuation there are generous size bedroom and bathroom that guarantee comfortable living altogether.
Utility enclosure provides separate space for the utilities and storage.
Available Three Bedroom Apartments in Centrale Development are:
-14-1-32, Three Bedroom Apartment, Internal Area 121.90 m2, Terrace 16.83 m2, Total Sellable Area 138.73 m2, Price 1,110,000 EUR (Completion December 2026)
-14-5-32, Three Bedroom Apartment, Internal Area 145.11 m2, Terrace 24.43 m2, Total Sellable Area 169.54 m2, Price 1,610,500 EUR (Completion December 2027)
-14-6-32, Three Bedroom Apartment, Internal Area 116.23 m2, Terrace 18.23 m2, Total Sellable Area 134.46 m2, Price 1,143,000 EUR (Completion December 2027).
These apartments are available to buy off-plan.
Payment Terms: 15% on Sales Purchase Agreement + 85% in 12 quarterly instalments, interest-free
With most residences now acquired, Centrale is entering its next phase with the introduction of Heights.
Located between the town centre and the golf course, Heights offers a quieter residential environment that still benefits from Centrale's amenities.
The collection includes studios through to three-bedroom penthouses, set among olive trees and lavender-lined paths that give the area a calm, residential feel.
Available Three Bedroom Apartments in Heights are:
- 8611 - Three Bedroom Apartment, Internal Area 99.88 m2, Terrace 8.06 m2, Total Sellable Area 107.94 m2, Price 862,000 EUR (Completion December 2027)
- 8712 - Three Bedroom Apartment, Internal Area 103.42 m2, Terrace 10.80 m2, Total Sellable Area 114.24 m2, Price 903,000 EUR (Completion December 2027)
- 8722 - Three Bedroom Apartment, Internal Area 103.42 m2, Terrace 10.80 m2, Total Sellable Area 114.24 m2, Price 899,000 EUR (Completion December 2027)
Payment terms: 20% on Sales and Purchase Agreement, 50% in quarterly installments until delivery, 30% in quarterly installments 2 years post-delivery.
These apartments are available to buy off-plan.
Contact us to schedule the viewing!
ntRealty is a Real Estate Agency based in Tivat, Montenegro, headed by British businessman Peter Flynn, who has lived in the area since 2005 and focused his efforts in various aspects of real estate, including development, architecture, interior design, and investing in real estate in the area. The Tivat office is run by a team of professionals who really understand the local market. The team is there to help guide you through the buying (or selling) process, and we pride ourselves on giving a high level of service in a polite, friendly, and efficient way.
ntRealty specializes in properties for sale all around the Bay of Kotor, Tivat Bay, and Lustica, and our clients range from Porto Montenegro and Lustica Bay to hundreds of private individuals who put their trust in our operation.
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Frequently Asked Questions
After purchase and registration, you'll receive keys and take possession. Next steps include transferring utilities to your name, setting up building management payments if it's an apartment, getting home insurance, and—if you're renting it out—registering for tourist tax and obtaining any required permits. Your lawyer or agent can guide you through the administrative bits.
Rental income is taxed at 15% on gross receipts if you're renting short-term (tourist rentals), or you can opt for taxation on net income after expenses for long-term rentals. You'll also pay municipal tourist tax (€1 per night per guest in high season, €0.50 in low season) and need to register your rental with the tax authorities and tourism directorate.
Annual property tax is quite low—just 0.25% of the property's assessed value per year. The assessed value is typically well below market value, so you might pay €200-500 annually on a coastal apartment worth €200,000. It's collected by your local municipality and is one of Montenegro's more affordable ongoing costs.
Notary fees are set by official tariff and scale with your purchase price. For most residential properties, expect €350-€1,000 plus 21% VAT—so roughly €423-€1,210 total. A €250,000 property runs about €532 in base fees. There are also small charges for document copies and administrative filing, so your final notary bill might be slightly higher.
For resale properties, you'll pay 3% Real Estate Transfer Tax (RETT) on the purchase price. New builds from developers are zero-rated for RETT but include 21% VAT in the price—though developers can usually reclaim this VAT. Either way, budget around 3% of the purchase price for transfer taxes unless it's a new build where VAT is already included.
The notary doesn't receive or hold the money directly. Instead, the seller must confirm in writing to the notary that they've received the full purchase price. Only after the notary receives this written confirmation (and verifies tax obligations are met) will they issue the Clausula Intabulandi. Some transactions use bank confirmations for added security.
Yes, if you're married or in a registered partnership, you typically need your spouse's or partner's written consent to sell property in Montenegro, even if the property is registered solely in your name. This protects both parties' interests under matrimonial property rules. Your notary will confirm the specific requirements for your situation.
The Clausula Intabulandi is the notary's official confirmation that all legal and financial obligations have been met, allowing the property to be registered in your name. The notary issues it only after verifying you've paid the full price and all taxes. It's your green light for cadastre registration—without it, you can't become the legal owner.
Every property and owner has specific numbers that appear on contracts: your JMBG (personal ID), the seller's JMBG or company registration, and the property's cadastral parcel number (katastarska parcela/čestica). These link everything in the official registries and are essential for registration and tax purposes.
No, Montenegro doesn't have a title insurance system like the US or UK. Instead, buyers rely on comprehensive legal due diligence—your lawyer or notary checks the cadastre, ownership history, encumbrances, and permits before you commit. It's a different system, but with proper checks it's just as secure.
It depends on where your documents were issued. If you're from a Hague Convention country (which includes most Western countries), you need an apostille. If not, your documents need consular legalisation. Either way, they'll also need certified translation by a sworn court translator in Montenegro.
Your lawyer requests an official extract (List nepokretnosti) from the Real Estate Cadastre, which shows current ownership, any mortgages or liens, property boundaries, and legal description. The notary also verifies the seller's identity and legal capacity. This due diligence typically takes a few days and costs around €18-25 for the cadastre extract.
You obtain a JMBG through the local Police Directorate (MUP) by presenting your passport, proof of property ownership, and completing a simple application. The process typically takes a few days, and you'll need this number for tax declarations and property registration—even without residency.
For a straightforward resale apartment with clean paperwork, the buying process can often be completed within 3-6 weeks. More complex transactions, new builds, or mortgage-financed purchases can take longer.
Some banks do lend to foreigners, but conditions are tighter—lower loan-to-value ratios and stricter income requirements. Many foreign buyers finance through their home country or pay cash.
Officially, everything is in euros. You can convert from your home currency before sending, or in some cases settle using cryptocurrency if both parties and the notary agree—but the contract price and taxes are always euro-based.
Beyond the purchase price and transfer tax, budget for notary fees, translation, legal fees, and potentially agency commission—together, these typically add 2-4% to your total cost.
No. Most foreign buyers use a Power of Attorney to authorize someone here—your lawyer, NT Realty, or another trusted representative—to sign on your behalf.
By convention, the buyer usually pays both the notary fees and the sworn court translator fees, though this can be negotiated between parties.
Yes, and it's more straightforward than most people expect. Montenegro welcomes foreign buyers—both EU and non-EU—and you can own property in your own name without needing residency or a local company in most cases.
Disclaimer: Purchase Costs & Information Accuracy
All costs associated with the purchase, including notary fees, real estate transfer tax (if applicable), and any legal fees, are the sole responsibility of the buyer. ntRealty bears no responsibility for the correctness of the information published here, which is based exclusively upon details provided to us by the property owner(s). ntRealty has no obligation to update, modify, or amend this listing or to notify a reader if any information, including urbanistic or cadastral data, subsequently becomes inaccurate. All listings are subject to prior sale. Agency Commission: No agency commission is charged to the buyer. The agency fee is paid by the seller.
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