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House 270 м² in Lustica, Montenegro

422 274 $

1 563 $ /м²

4OdGa
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Area

270 м2

Bedrooms

3

Bathrooms

5

Other attractions in Tivat. The city - the Luštica peninsula

The construction site has a rather sharp relief, located uphill from the road. This dictates certain volume-planning solutions and thanks to these conditions, the villa seems to float above the slope.The maximum permitted use of the plot allows to build a villa of 270 sq.m., land plot of 1765 sq.m., on the peninsula of Lustica with a stunning view of the entrance to the Bay of Boko-Kotor 800 meters from the sea with a unique project in the best traditions of Balkan architecture with motifs of Yugoslavian modernism. The project (Idea solution according to Montenegrin norms) can be finalized or reworked according to the customer's wishes and coordinated with local state authorities. The company is ready to organize the development of working documentation (Main Project) and construction of the object, including interior solutions and completion.The design and realization are carried out taking into account local seismic requirements. Concrete frame.Finishes are predominantly natural materials (natural stone, wood) or high quality modern finishing materials. Special attention will be paid to engineering systems: duplication of systems in case of emergency shutdown of central supply, modern energy sources - solar panels, security systems.Modern exterior and interior design combines competent finishing with correct planning solutions, comfort and high reliability. Symbiosis of design and architecture, from the very beginning of the design, harmoniously fit the villa in the surrounding pro

Additional details

Property type

Residential Properties

Object type

House

Price

422 274 $

Land area

1765

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Lustica; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Montenegro finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Montenegro takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Lustica short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (422 274 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Lustica: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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