Special edition newsletter
FROM FOUNDATIONS TO DETAIL - Projects, Ideas and Trends
Life Between the Bay of Kotor and the Adriatic - A New Residential Oasis in The Peaks, Luštica Bay
(Photo: Luštica Bay)
Located within The Peaks, Luštica Bay’s most prestigious neighbourhood, which is taking shape around its defining feature — an 18-hole championship golf course — this new residential address offers an exceptional setting for those seeking panoramic sea views, privacy and a close connection with nature.
Occupying one of the neighbourhood’s most desirable locations, at the entrance to The Peaks and within easy reach of the Golf Clubhouse, the collection is nestled within beautifully landscaped surroundings inspired by traditional Mediterranean gardens. Native vegetation, natural stone pathways and tranquil water features create an atmosphere of understated elegance and harmony with the landscape.
At the heart of the development lies Luštica Bay’s largest swimming pool, spanning 400 m² and surrounded by expansive, two-level sun terraces thoughtfully designed to offer a balance of sunshine and natural shade. A second, more intimate 90 m² pool provides a secluded setting for relaxation, while a traditional Montenegrin guvno — a circular stone gathering space — pays tribute to the region’s architectural heritage and offers a distinctive place for the community to come together.
Residences Inspired by Sea Views and the Natural Landscape
(Photo: Luštica Bay)
The collection comprises 48 residences arranged across three horizontally designed residential wings, with just 18 units currently available for purchase. Each residence benefits from a dedicated underground parking space, while particular attention has been given to creating a seamless connection between indoor living spaces and private gardens, balconies and terraces.
All ground-floor apartments feature private gardens that naturally extend the living space outdoors. Residences on the upper floors offer generous balconies and the rare privilege of enjoying views towards the Adriatic horizon on one side and one of the world’s most beautiful bays on the other.
The interiors reflect Luštica Bay’s distinctive design philosophy, characterized by open, light-filled spaces and carefully selected materials inspired by the Mediterranean setting.
(Photo: Luštica Bay)
A refined standard of living is evident throughout the thoughtfully designed open-plan interiors, where contemporary aesthetics meet everyday functionality. Apartments feature Nolte kitchens equipped with Miele appliances, built-in wardrobes, underfloor heating in bathrooms, walk-in showers, modern climate-control systems and fibre-optic internet connectivity. Each residence also includes a practical private storage room.
Buyers can further personalise their homes through premium fitted-furniture packages and professional interior design services.
The residential offering includes one-bedroom apartments ranging from 85 to 87 m², with prices starting at €665,000; two-bedroom apartments ranging from 92 to 119 m², starting at €1,055,500; and three-bedroom apartments ranging from 129 to 141 m², starting at €1,418,500.
The collection also features four exclusive penthouse residences, ranging from 147 to 178 m², with the option to incorporate private plunge pools.
Living Alongside Montenegro’s First Championship Golf Course
(Photo: The Peaks Luštica Bay)
The Peaks is being developed around Montenegro’s first 18-hole championship golf course, designed by legendary golfer Gary Player. Once completed, the course will join a select group of golf destinations worldwide offering sea views from every hole.
Three holes are already operational, with the phased development programme targeting nine holes available for play within the current calendar year. Completion of the full championship course is planned for the period between 2028 and 2029.
Residents will enjoy convenient access to the operational Golf Clubhouse, which has quickly established itself as an inviting social hub within the neighbourhood. Its facilities include a restaurant, golf simulator, professional golf shop and dedicated practice amenities.
Future development phases will introduce an additional clubhouse and boutique hotel, alongside a dedicated golf hotel, further enriching the lifestyle and hospitality offering of The Peaks.
Luštica Bay – Development in Harmony with Nature
(Photo: Luštica Bay)
The new residential collection forms part of a broader vision for The Peaks and Luštica Bay, a new coastal town already called home by more than 700 families from over 50 countries.
With five beaches, a marina, restaurants, sports and wellness facilities, Luštica Bay has established itself as one of the Mediterranean’s most dynamic and rapidly evolving coastal communities.
To date, more than €775 million has been invested in the development, with total investment expected to reach approximately €1.5 billion by 2033.
Upon completion, Luštica Bay is envisioned as a vibrant coastal town welcoming more than 6,000 residents, supported by an extensive range of amenities, including seven hotels, two marinas, an international school and a comprehensive infrastructure network designed to enhance everyday living, recreation and cultural experiences.
Environmental preservation remains central to the development philosophy. Across the 690-hectare site, more than 90% of the land will be retained in its natural state, safeguarding the character, biodiversity and remarkable visual identity of the Luštica Peninsula.
An Investment with Long-Term Potential
(Photo: Luštica Bay)
Montenegro is increasingly establishing itself as one of the Mediterranean’s most promising investment destinations. An attractive tax environment, expanding international connectivity and continued progress towards European Union membership are strengthening its appeal among international property buyers.
At the same time, stringent urban planning regulations contribute to a limited supply of high-quality residential developments, supporting sustained interest in premium real estate.
Within Luštica Bay, property values have already recorded average annual appreciation of approximately 13%, with further momentum anticipated as the championship golf course progresses towards completion and The Peaks continues to evolve.
Purchasers benefit from an exemption from real estate transfer tax when buying directly from the developer, alongside the opportunity to take advantage of interest-free payment plans extending up to two years beyond property handover.
A professionally managed property rental programme also provides owners with the opportunity to generate additional rental income, supported by comprehensive property management services.
The True Value of Life at The Peaks
(Photo: Luštica Bay)
Yet the greatest value of this collection extends beyond its investment potential. It lies in a lifestyle thoughtfully shaped around the quality of everyday living.
Mornings begin with sweeping views across the bay. Afternoons unfold between the golf course, Mediterranean gardens and the sea. Evenings linger as the sun sets over the Adriatic, inviting a slower pace and a greater appreciation of the moments that matter.
As Gary Player himself remarked:
“If I were to choose a home on any golf course in the world, this would be my place.”
The Peaks is therefore far more than a residential address. It is an invitation to embrace a more considered rhythm of life, reconnect with nature and experience coastal living at its most refined.
T: +382 67 050 550
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"FROM FOUNDATIONS TO DETAIL - Projects, Ideas and Trends"
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