January 29, 2019 - Real estate in Montenegro is booming once more. After the halcyon days of 2004 when foreign investors poured into the country, the real estate market is once more buoyant. Signature developments such as Lustica Bay, Porto Montenegro and Portonovi have brought real 5-star class to the Montenegrin property scene.
And it is not just these major luxury developments where people are buying. Renovated stone villas, more modest apartments with sea views, and land. Total Montenegro News has decided to take a much closer look at the real estate scene here in 2019, and we are delighted to announce a new partnership with RE/MAX, one of the biggest names in global real estate.
RE/MAX recently entered the local market and has already made a big impact with a mouthwatering property portfolio. As part of the 2019 TMN coverage this year, we will be doing various in-depth features on the current real estate market, as well as a weekly Property of the Week from the Remax catalogue.
Perhaps fittingly, we start in Tivat, a small town which has seen an explosion in investment and building in recent years. Superbly located just a few minutes away from Kotor, Lustica Bay and its very own Porto Montenegro, the huge rise in passenger flights to Tivat Airport has made properties here accessible as never before - all year round.
Meet the first Property of the Week, where traditional Montenegrin stone meets high-quality luxury renovation with all the mod cons. A superb blend of tradition and comfort just 10 minutes walk from Porto Montenegro.
In the words of the RE/MAX catalogue:
One of a kind, professionally designed and updated old stone character property with terraced outdoor living areas and two off-street parking spaces. 10 minutes walk to Porto Montenegro. Three full bathrooms and four bedrooms on three floors with a total gross of 201 m2 (2,163 sq. ft.) 167m2 net interior living space, on a 201m2 plot perfect for outdoor living.
Recently completed renovations include new high quality, secure and energy efficient exterior doors, windows, and shutters, as well as a new solid wood pergola on the first floor raised terrace. Security alarm system and cameras are also recent. Original exposed stone interior walls, wood beams and more recently installed rustic wood plank floors blend seamlessly with newly updated interior finishes that include areas of antiqued local stone, porcelain, solid wood architraves, interior doors, and fresh decoration. Recently completed renovations include new high quality, secure and energy efficient exterior doors, windows, and shutters, as well as a new solid wood pergola on the first floor raised terrace. Security alarm system and cameras are also recent. Original exposed stone interior walls, wood beams and more recently installed rustic wood plank floors blend seamlessly with newly updated interior finishes that include areas of antiqued local stone, porcelain, solid wood architraves, interior doors, and fresh decoration.
This family home with optional top quality designer imported Italian furnishing and lighting, boasts a large open plan main living area, fully fitted kitchen, up to western standards, and new high-quality appliances. French doors open onto an outdoor living area shaded by oleander, bay leaf, and orange trees. This family home with optional top quality designer imported Italian furnishing and lighting, boasts a large open plan main living area, fully fitted kitchen, up to western standards, and new high-quality appliances. French doors open onto an outdoor living area shaded by oleander, bay leaf, and orange trees.
All bedrooms have connecting bathrooms. The large master bedroom loft featuring a deluxe five-piece en-suite and private sitting area being the most luxurious suite them all.
Price 475,000 euro.
For more information, photos and to book a viewing, check out this exceptionally renovated stone villa on the RE/MAX website.
