June 23, 2019 - Continuing our look at the real estate options in Montenegro through the RE/MAX catalogue, the latest Property of the Week comes from idyllic Lustica Bay.
It is one of the most beautiful parts of the Adriatic coast, and the subject of the largest ever investment in Montenegro, as the Lustica Bay project development looks to redefine luxury tourism in the region. More than a billion euro in investment on 7 million square metres will eventually offer 7 luxury hotels, 2 marinas, an entire village of 2,500 people with accompanying facilities, and a signature 18-hole Gary Player golf course.
The first phase, including marina and the luxury hotel The Chedi is already open for business. Having been fortunate enough to stay there a couple of times, I can confirm it is one of the most peaceful and relaxing spots on the Adriatic for a holiday home. The facilities of both the The Chedi and the marina promenade offer a variety of shopping and dining experiences, and the essentially car-free neighbourhood only adds to the charm.
Property ownership on Lustica Bay is a very international affair, with sales at the Centrale village attracting buyers of over 30 countries. The biggest number of buyers came from the Germanic countries of Germany, Austria and Switzerland, followed by the Middle East, while a quarter of all 2018 sales came from more local sources - Serbia and Montenegro.
This week's property comes very close to the water and is described by RE/MAX as follows:
This spacious one bedroom apartment is located on the second (and last) floor of one of the first buildings within the biggest investment project in the country. It has an open-plan kitchen, dining and living room and a bedroom with its own bathroom and walk-in closet. The living room has access to a small terrace and to a large terrace which is shared with another apartment next to this one (these are the only two apartments on this floor). The property is being sold furnished and fully equipped.
Price on application for this 88m2 apartment. For more photos, info, floor plans and to book a viewing, visit the official RE/MAX listing.
