€1,890,000

A four-bedroom, four-bathroom contemporary villa built directly onto the water's edge in Krašići, on the Tivat Bay side of the Luštica peninsula, with no road between the house and the sea. Finished to a high standard across three levels — 350 m² gross build area on a 425 m² plot — with an infinity-edge pool, gated parking for two, and full security coverage throughout. Every bedroom has its own bathroom, and the principal living space opens onto a terrace over the water, with stair access down to the beach area from the lowest level. Sold partially furnished. Tivat town centre 15 km / 26 minutes; Tivat Airport 12 km / 20 minutes. €1,890,000.
Genuinely waterside property is scarce on this coast, and villas finished to this standard, with a private pool, on a plot with no road between the house and the sea, are scarcer still. This one sits in Krašići, on the Tivat Bay side of the Luštica peninsula, close enough to Luštica Bay's marina, golf course and restaurant scene to draw on that infrastructure daily, while remaining in a village that has kept its own quiet character.
A remote-controlled sliding gate to the side of the house opens onto parking for two, set at street level. The front door opens into a vestibule with storage behind its oak-panelled entrance wall, off which sit three of the villa's four bedrooms, each with its own en-suite bathroom, finished throughout in polished local stone with a warm, rich feel. A black steel-framed staircase with solid wood treads runs as a central spine through the house, from street level down to the lowest level by the beach; each of the top-floor en-suites has a skylight cut into the roof, matched by a second above the stairwell, whose light carries all the way down to the lowest level of the house.
Down a half-level, the kitchen sits at one end of an open-plan space, finished in oak joinery with burnt-orange upper cabinetry, open shelving lit from below, and Bosch oven and hob. Next to it, an open area currently left for a dining table, and beyond that the living space, opens the full width of the room onto the terrace through sliding glass doors. The master bedroom, the villa's fourth en-suite, sits alongside the living area and opens onto the same terrace.
Stepping out from the master bedroom onto the terrace, the pool sits immediately to the left: an infinity edge finished in blue mosaic tile, a counter-current jet for swimming against resistance, massage jets along one side, and a stainless-steel waterfall feature running in from the opposite wall. The terrace balustrade is glass with a discreet metal capping, continued around the rest of the exterior. At the far end of the terrace, on the opposite side from the pool, steps lead down to a gated area outside the sea garage, with a further gated flight of steps continuing down to the beach area.
The lowest level is functional rather than decorative: a laundry room, technical and security room, a guest WC, and a room built for a home gym, currently unequipped and ready for a new owner's own kit. A room finished with a shower and changing space was designed with a sauna in mind; the sauna unit itself was never installed and won't be included. This level opens directly onto the beach area, via a sea garage approximately 7 m in length with its own gated exterior area and outdoor shower. Underfloor heating runs beneath the stone floors throughout the house; the bedrooms, finished in wood, do not have it.
Considered lighting design runs through both the interior and exterior of the house, alongside security cameras and outdoor speakers built in throughout. The exterior stonework is carefully detailed rather than simply clad, and the Mediterranean planting was established early in the build and has had time to settle in, so the grounds already read as mature rather than newly landscaped; the health of the planting suggests automatic irrigation, though this should be confirmed.
The villa is sold partially furnished, with the furniture shown in the photographs remaining — a bed, desks, and bedside tables among them, without a complete inventory beyond that. There is no rental history: this is a new-build coming to market for the first time, sold by a private owner.
Waterfront listings around the Bay of Kotor are almost always set back behind a coast road or a public promenade; a villa with genuinely nothing between the building line and the sea is unusual anywhere on this coastline, and one built new, to this finish, with its own pool, is close to unheard of. Most of the handful of true waterside properties that do come up are older stone houses in need of full renovation, or come without any private pool at all. This one offers the finished, serviced alternative, with Luštica Bay's marina, golf course and restaurants a few minutes away by car.
Suits a buyer who wants genuine waterside living with a high-end, move-in-ready finish and is happy to add their own furniture and gym equipment to taste. Less suited to a buyer who needs a fully turnkey, completely furnished home from day one, or who is weighing this primarily as a proven rental earner — there is no letting history to point to yet.
Krašići is a quiet village on the Tivat Bay side of the Luštica peninsula, a stretch of coast that has kept its own pace even as Luštica Bay's marina and Centrale piazza have grown up a few minutes down the road. It has never been a resort town — daily life here runs on two seafront restaurants, a bakery, and a small grocery — but that wider infrastructure now sits within easy reach without the village itself losing its character. A five-minute drive gets you golf, a marina and an international dining scene; the walk home stays quiet.
No confirmed bus route serves Krašići directly; the nearest service runs from Radovići, connecting to Tivat town centre. A private vehicle is effectively essential for this part of the peninsula.
What makes this one worth a serious look is the position, not the finish — plenty of villas in this price range are finished this well, but almost none of them sit directly on the water with a road nowhere in sight. Being new to market and sold privately, with no letting history, it suits a buyer planning to live in it or furnish it as their own rather than someone buying purely against a rental track record. The sauna room without a sauna and the unequipped gym are honest gaps rather than problems — both are ready for a new owner to finish exactly as they want. For anyone who has been looking for true waterside in the Bay of Kotor and kept coming up against a road, a promenade, or an old stone house needing full renovation, this is the rarer alternative: finished, serviced, and on the water.
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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