€370,000

A historic two-cottage property in Djurasevici — a quiet Montenegrin village at the landward gateway to the Lustica Peninsula — comprising two independent duplex cottages, two auxiliary buildings, and a generous stone-paved 155 m² courtyard divided into two interconnected sections. The property is two levels: a ground floor of approximately 140 m² and an attic floor of similar area above. Together with the two outbuildings of 44 m² and 29 m², the total built area on site is substantial for the location and the asking price.
The property is believed to be around 200 years old and has been fully renovated: Wormwood Cottage in 2016, Figgy Cottage in 2019, with a new roof across the whole property as part of that work. The electrical installation was entirely redone throughout. Fibre-optic internet is connected. City mains water supplies the property, supplemented by a water reservoir that serves as a backup. The renovation has preserved the historic structural fabric throughout: exposed ceiling beams, wide-plank timber floors, and original stonework in the attic loft.
Lustica Bay Centrale 3 km / 8 min; Lustica Bay Golf Course 5 km / 10 min; Radovici (supermarkets, primary school) 1.5 km / 4 min; Arcadia International School 8 km / 12 min; Tivat Airport (TIV) 9 km / 13 min; Porto Montenegro 9 km / 15 min; Kotor Old Town 11 km / 17 min.
Djurasevici is a traditional Montenegrin village on the edge of the Lustica Peninsula — the kind of place where the pace is set by people who live here year-round, the lanes are narrow, and the stone walls have been standing long enough that no one remembers when they went up.
The property itself is a case in point: a vine at the gate entrance to Wormwood Cottage, planted roughly 200 years ago, and walls that are among the oldest surviving structures in the village. None of that has been smoothed away in the renovation.
Three kilometres up the peninsula road, the landscape shifts entirely: Lustica Bay Centrale, with its marina, piazza, restaurants, and championship golf course, is eight minutes by car. That proximity — genuine village character alongside functioning resort infrastructure — is what makes this position on the peninsula genuinely unusual.
The property consists of two fully renovated duplex cottages sharing a single plot: Wormwood Cottage, the original and larger structure, and Figgy Cottage alongside. Each cottage operates independently across two levels: on the ground floor, a living room, kitchen, dining area, hallway, bedroom, and bathroom; above, a single open loft space with the roof structure revealed — new timber rafters rising to the ridge, the gable end in bare stone, wide-plank floors throughout.
Wormwood Cottage is the more immediately characterful of the two. Pine floors, exposed ceiling beams, a wood-burning stove as the anchor of the living space, and a kitchen with wooden worktops and a dining table that seats six. A vine planted some 200 years ago shades the gate entrance.
Figgy Cottage has its own distinct character, similarly appealing. Renovated in 2019, it has a calmer, more considered interior palette: sage and duck-egg walls, a newly fitted cream-painted panelled wainscoting in the period style, a chandelier over the living and dining space, exposed beams above. The bathroom is well executed, with large-format stone-effect tiles and a walk-in rainfall shower behind a full glass screen. The loft stair rises through a Velux-lit opening to the shared attic level above. A mature fig tree shades the Figgy Cottage side of the courtyard.
Outside, a stone-paved courtyard ties the whole property together. It is divided into two individual sections — one serving each cottage — connected by a metal door, which allows the outdoor space to work privately for each unit or as a single shared yard when both sides are in the same hands. Each section has its own seating area. A hot tub and a built-in wood-fired barbecue oven sit within the courtyard. Street parking is available directly in front of the property.
The two auxiliary buildings complete the picture. The larger (44 m²) is the original livestock outbuilding — the oldest element on the plot, its former roofline still visible in the shared wall — currently used as a laundry room and workshop. The smaller (29 m²) is a separate outbuilding on the courtyard. Both carry potential for conversion or continued service use. City mains water supplies the property, with a water reservoir providing backup; fibre-optic internet is connected.
A spacious historic cottage in two parts — each independent, each with its own character, both fully renovated — on a single plot with two outbuildings, a large attic floor above, and a proper courtyard, three minutes from Lustica Bay. That combination is genuinely uncommon on this peninsula. Properties of this scale and historic depth, at this proximity to resort infrastructure, do not come to market regularly.
The age of the building is not a caveat; it is the point. Two centuries of stone walls, exposed beams, wide-plank floors, and the attic's bare stone gable give the property a depth of character that no specification sheet can replicate. The renovation has been done with restraint — new systems, preserved fabric, nothing sanded away. Figgy Cottage's newly fitted panelling sits comfortably alongside Wormwood's older bones: two distinct interiors, both worth having.
The location completes the case. Djurasevici sits on the road to Lustica Bay, with the Adriatic-facing beaches of Zanjic, Miriste, and Plavi Horizonti twenty-five minutes further along the peninsula. The EcoBoats electric ferry departs from the Djurasevici coastline, connecting the village directly to Tivat's Pine marina.
A buyer drawn to genuine Montenegrin character at scale: two independent duplex units with special historic fabric, a large shared attic, two outbuildings, and a divided courtyard that functions as outdoor living space — all within easy reach of Lustica Bay's marina, golf course, and restaurants. Well-suited to an extended family who want private space within a shared property, or to a buyer who intends to live in one cottage and let the other. An equally clear investment case: two rentable duplex units in an authentic village setting at the gateway to one of the fastest-growing resort areas on the Montenegro coast.
Not the right property for a buyer looking for a waterfront address, a new build, or a maintenance-free apartment. The village lanes are narrow, a car is essential, and the property is a historic building — full of character, and best understood as such.
Djurasevici sits on the bay-facing edge of the Lustica Peninsula, with the EcoBoats electric ferry terminal at Bazdanj on its coastline connecting the village to Tivat's Pine marina. Three kilometres up the peninsula road, Lustica Bay Centrale offers a full marina, piazza, supermarket, and restaurants. The traditional village of Radovici — with a Voli supermarket, local grocery stores, and primary school — is four minutes by car.
The EcoBoats electric ferry operates from Bazdanj on the Djurasevici coastline — approximately 10 minutes from the property — to Tivat's Pine marina, with a shuttle connection on to Lustica Bay Centrale. The crossing takes 25–30 minutes; the full journey to Centrale around 40–45 minutes.
Properties like this do not come to market often, because they are not built any more. Two independent duplex units with genuine historic character — two centuries of stone walls, exposed beams, and wide-plank floors, all properly renovated without stripping away what made the building worth keeping — on a single plot with two outbuildings and a divided courtyard, at €370,000, three minutes from Lustica Bay. That is a lot of property in a good position for the price.
The renovation is honest work. The systems — electrical, plumbing, roof — have been brought up properly. The fabric has been kept. Figgy Cottage's newly fitted panelling gives it a considered interior that complements rather than copies Wormwood's older bones. The courtyard, with its hot tub, wood-fired oven, vine-covered gate and fig-shaded seating, works as a complete outdoor room — which, in this climate, matters for most of the year.
The honest notes: the village lanes are narrow and a car is essential. The property is a historic building and should be approached as one — with all the texture and the occasional idiosyncrasy that implies. The outbuildings are presented as they are, not as they could be. Against all of that: two duplex units with special historic character, and two outbuildings at the gateway to the Lustica Peninsula.
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NT Realty is a boutique real estate agency based in Tivat, Montenegro. Founded by Peter Flynn, who first came to the Bay of Kotor in 2005 as a property investor and has since built businesses across real estate development, architecture, and interior design, the agency is run alongside Maša Flynn — architect and former Head of Design at Porto Montenegro, where she delivered over €60 million of projects on time and on budget. Between them they bring a depth of local market knowledge that is difficult to find elsewhere in the region.
The team specialises in properties for sale and long-term rentals across the Bay of Kotor, Tivat Bay, and the Luštica Peninsula — from Porto Montenegro and Luštica Bay to private homes throughout the wider region. Our job is to guide buyers, sellers, and tenants through the process clearly, honestly, and without unnecessary complexity.

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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.
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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