€1,150,000

A two-bedroom, two-bathroom apartment of 98 m² on the second level of the Iris 7 building in Marina Village, Luštica Bay, with a shared swimming pool beside the building. Open-plan kitchen and living room, master bedroom with en-suite bathroom, second bedroom, family bathroom, and two terraces looking over the marina entrance, the lighthouse, and the open Adriatic. Fully fitted kitchen with high-end appliances including a Miele washer/dryer, double-glazed windows, aluminium shutters, air conditioning, fitted wardrobes, recessed lighting throughout. Lift access and a parking space in the garage. Owners enjoy the numerous benefits of the Luštica Bay membership programme. Price €1,150,000.
Luštica Bay is one of the largest integrated resort development on the Adriatic — a purpose-built coastal town on the open-sea side of the Luštica peninsula, arranged around a deep-water marina, the five-star Chedi hotel, and a growing network of piazzas, promenades, and waterfront restaurants. Marina Village is its original heart, and Iris 7 sits within it, positioned to look straight down the marina breakwater to the lighthouse at its tip, with a shared swimming pool right beside the building.
The apartment occupies the second level, reached by lift from the garage, and at 98 m² it is a genuinely spacious two-bedroom. The open-plan kitchen and living room runs the full depth of the building and opens onto the main terrace — a broad, covered, dual-aspect corner with marble-toned stone flooring and wrought-iron balustrades, where the view takes in the sea, the lighthouse, the red roofs of the village below, and the green ridge of the peninsula behind. Each bedroom open onto the juliette-balconie or second terrace on the seaward side, sharing the same water view.
The master bedroom has its own en-suite bathroom with twin basins, a walk-in rain shower behind frameless glass, stone-effect porcelain, and backlit mirror cabinetry in warm timber; the second bathroom repeats the same specification. Both bathrooms have underfloor heating. The finishes throughout are contemporary and refined — large-format tiled floors, crown moulding, recessed lighting in every room, fitted wardrobes in the bedrooms, and a fully fitted kitchen with high-end integrated appliances, including a Miele washer/dryer — supported by double-glazed joinery, aluminium shutters, and air conditioning. The apartment is delivered new and unfurnished, which is one of its quiet advantages: the demanding work of construction and finishing is complete, and what remains is the enjoyable part — furnishing a blank, light-filled canvas entirely to the owner's own taste, without inheriting anyone else's choices. Apartment is ready for hand-over and move in.
Daily life here happens on foot. The pool is beside the building; the marina promenade, The Chedi, the beach clubs, a mini-market, and a string of restaurants are all a short walk away, and the Centrale neighbourhood with its own cafés and shops is just up the road. Ownership comes with the Luštica Bay membership programme and its numerous benefits across the resort — hotel, dining, beach, and marina services — and The Peaks, the resort's Gary Player-designed 18-hole championship golf course, is taking shape on the plateau above the bay.
Most two-bedroom apartments at this size compromise on outdoor space or orientation. This one does neither: two separate terraces, a corner position, and a sightline aimed directly at the most photographed point in Luštica Bay — the lighthouse at the end of the breakwater. Add the pool beside the building, the garage space, the lift, and the resort infrastructure already operating around it, and it is a complete package rather than a promise of one.
A buyer who wants resort living with real infrastructure behind it: a lock-and-leave second home with a pool at the door and hotel services a few minutes' walk away, a rental asset in one of the strongest short-let markets on the coast, or a full-time residence in a managed, secure, pedestrian-friendly town. The unfurnished delivery is an invitation rather than a task — a rare chance to shape a brand-new, high-specification interior from the first piece of furniture onward.
Luštica Bay is a self-contained coastal town: marina, hotel, beaches, restaurants, shops, and a year-round residential community, all connected by stone-paved streets and a waterfront promenade. The wider Luštica peninsula remains one of the quietest and greenest corners of the Boka region, with Radovići village a few minutes inland for everyday needs.
Ownership at Luštica Bay includes the owners' membership programme and its numerous benefits across the resort — preferential rates and services at the hotel, restaurants, beach clubs, and marina, along with property management and rental programme options. The Peaks, the Gary Player-designed 18-hole championship golf course, is under development on the plateau above the bay and placing golf within a few minutes of the front door.
The interior is the buyer's project: the apartment comes unfurnished, and pendant light fittings are the owner's choice to add — recessed lighting is already installed in every room, so the space is fully usable from day one while the interior takes shape. It is worth budgeting for furniture and factoring in the annual service charges that come with any managed resort. Beyond that, there is little to caveat. Marina Village is a completed and fully operating part of the resort — the marina, The Chedi, the restaurants, the pool, and the promenade are all in daily use — and the apartment itself is finished and ready for handover, so a new owner can take the keys and move in without waiting on anything. It has the size, the parking, the lift, and the double-terrace position that the resale market consistently asks for first.
To arrange a viewing or request further information, contact NT Realty.
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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