Description
Three-bedroom villas for sale
Nestled in the picturesque hills above the Adriatic Sea, 'Olive Village' is a harmonious enclave of modern living, offering eight exquisite three-bedroom villas for sale in the serene Podi area of Herceg Novi. Immerse yourself in the beauty of nature, surrounded by a grove of olive trees, as you explore these thoughtfully designed homes that seamlessly blend contemporary style with the tranquility of their surroundings.
Herceg Novi is one of the major Montenegrin tourist destinations, located at the entrance to the Bay of Boka. It is well known as a spa and health center, famous for its tourist attractions - castle Forte Mare, built in 1382, a clock tower built by Austrians in the 19th century, and the Kanli tower built by Turks.
Just 3km from the bustling center of Herceg Novi, in the Podi area, 'Olive Village' is strategically located for convenience and seclusion. The villas offer easy access to the beach, a five-kilometer embankment, the Porto Novi residential area yacht marina, supermarkets, restaurants, schools, kindergartens, and other essential infrastructure facilities.
Each villa has functional planning solutions, modern energy-saving systems, and private plots from 500m2 to 1200m2. There are two distinct villa types, each offering a unique living experience.
Type A: On the ground floor, there is an open space living room with a kitchen and dining place, one bedroom with a bathroom, laundry room, and a hallway. On the first floor is a master bedroom with a bathroom and a guest bedroom with a bathroom. The total living area of this type of villa is 128m2.
Avaliable villas:
* A9, 128m2, plot 521m2, garden view, 462.129€
* A8, 128m2, plot 528m2, sea view, 566.000€
Type B: On the ground floor, there is an open space living room with a kitchen and dining place, one bedroom with a bathroom, pastry, and a hallway. On the first floor is a master bedroom with a bathroom, wardrobe, and a guest bedroom with a bathroom. The total living area of this type of villa is 140m2.
Avaliable villas:
* B10, 140m2, plot 499m2, garden view, 494.850€
* B11, 140m2, plot 616m2, garden view, 512.400€
* B7, 140m2, plot 491m2, sea view, 592.750€
* B6, 140m2, plot 508m2, sea view, 597.000€
* B5, 140m2, plot 1200m2, sea view, 770.000€
All villas are equipped with modern energy-saving systems for cooling and heating, ensuring comfort and sustainability. Enjoy the advantage of no real estate turnover tax upon purchase, as the sale occurs directly from the developer. Estimated annual ownership costs are approximately €300.
'Olive Village' offers a breathtaking panoramic view over the Bay of Boka's entrance. It is conveniently situated in the hills near Herceg Novi, just 34km from the international airport in Dubrovnik (Croatia) and less than 25km from Tivat Airport and Porto Montenegro Yacht Marina. The famous residential area and marine Porto Novi is a mere 8km from 'Olive Village.'
Experience the epitome of modern living in the embrace of nature. 'Olive Village' invites you to explore a life of tranquility, convenience, and sophistication. If this unique opportunity captivates you, contact us for more information and embark on a journey to call one of these villas your own.
Property features
* Design concept
* Furnished
* Mountain view
* Parking
* Peaceful area
* Sea View
FAQ
How can I get a residence permit by buying property in Montenegro?
In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Podi; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Is a mortgage available for non-residents in Montenegro?
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.
What taxes and fees apply when buying in Montenegro?
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.
How is the title checked in Montenegro?
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.
Can I rent out property after purchase in Montenegro?
Yes. Rental income tax is 5–25% depending on the regime. In Podi short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Is a property inspection recommended before purchase?
Yes. An inspection costs about 0.5–1% of the price (512 108 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
How long does the purchase process take in Montenegro?
A typical transaction runs 30–90 days, averaging 45 in Podi: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).