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Villa 466 м² in Petrovac, Montenegro

1 119 865 $

2 403 $ /м²

4OdEa
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Area

466 м2

Bedrooms

6

Bathrooms

5

Villa in Budva. The city is Petrovac.

Beautiful, authentic villa with swimming pool and amazing sea views in the suburb of Petrovac.The well-maintained stone paved plot of 587 m2 has a separate driveway and garage space for 5 cars.On the 1st floor of the villa there is a gym, living room with kitchen and dining area, 2 bedrooms, bathroom, guest toilet, 2 terraces and access to the swimming pool of 31 m2.On the 2nd floor of the villa there are 2 independent apartments with 2 bedrooms, bathroom and terrace with panoramic sea views.The villa is legalized, there are no encumbrances or restrictions. Excellent investment - this villa is rented for 500-600 euros/day in season. Out of season the villa can be rented monthly for 2-3 thousand euros.Location: to the center of Petrovac - 2.5 km, to the main road - 65 m.Location: suburb of PetrovetsVilla area: 466 sq.m.Plot area: 588 sq.m.No. of bedrooms: 6Number of bathrooms: 5

Services and facilities

Pool
Garage/parking

Additional details

Property type

Residential Properties

Object type

Villa

Price

1 119 865 $

Land area

588

Characteristics

Pool
Garage/parking

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Petrovac; 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 Petrovac 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 (1 119 865 $) 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 Petrovac: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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