For Sale: Land Plot with a Ready 5-Star Hotel Concept – Hotel Oko
📍 Location: Bjelila, Luštica Peninsula, Tivat
We are pleased to present a rare development opportunity: a premium land plot on the Luštica Peninsula with a fully developed 5-star hotel concept, architectural design and calculated project economics.
The site occupies an elevated position above Bjelila Bay and offers sweeping views over the water and surrounding landscape. It lies in one of the most sought-after parts of the Montenegrin coast, close to the old urban area of Bjelila and combining privacy, nature and convenient transport access.
The plot is close to Tivat and its international airport, as well as to the area’s key premium destinations: Porto Montenegro, Luštica Bay and Portonovi. A 5-star format fits naturally into the level of the surrounding resorts.
Project Details
Functional Zones
Project Economics (base scenario, estimates)
Investment Highlights
💬 Contact us today to receive the full presentation, detailed technical documentation and visual project renderings.
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Our services are free for tenants.
The most common payment scheme in Montenegro is payment upon arrival of the first, last month and an insurance refundable deposit of one more month. For example, if you want to rent an apartment for 1000 euros, you will most likely need 3000 euros.
Some owners are reluctant to sign a notarial contract due to personal beliefs, additional taxes and lack of necessary documents. In our work, we always ask if they need a notarial contract and if so, we already negotiate with each owner individually.
A notarized real estate lease agreement for a year is a mandatory document required to apply for a residence permit (Boravak). In addition, this document has significantly more weight than a notarized contract.
There are four options: - You pay them to the owner in cash together with the rent; - You pay utilities to the owner by bank transfer; - You pay for utilities at a bank branch; - Utilities are included in the price.
We highly do not recommend arranging a pet and keeping it in an apartment without the owner's knowledge. If your pet does not make loud noises, does not smell and does not spoil the property, then many owners will agree to move you in. As a rule, you will need to make an additional deposit for a pet when you move in.
As a rule, in this case, you will not be refunded the deposit or the deposit + the last month of rent. The conditions of a premature congress are prescribed in the contract and may differ from the above.
This service is completely free. Our agency services are paid only for the completed transaction and only by the owner.
No, a residence permit is not required to purchase real estate in Montenegro. Any foreigner can purchase real estate in Montenegro without restrictions, there are also no restrictions on the number of real estate objects that a foreigner can own.
Yes, sometimes the buyer has to pay a property transfer tax of 3%, a value added tax of 21% and a notary fee. Depending on the object, the taxation procedure may differ, for example, sometimes the owner is ready to pay all the taxes of the buyer.
There are several stages: a comprehensive inspection of the object, signing a preliminary contract, making a deposit, concluding a purchase and sale agreement and registering the object in the land cadastre. For a better understanding of specific procedures, we recommend consulting with us or with a local lawyer.
There are a lot of payment variations in Montenegro and the payment method depends on the specific object and is set by searching for the most convenient option for the buyer and the owner.
In EstateLands, before each purchase/sale transaction, a comprehensive check of all real estate documents is carried out. We analyse the documents from the cadastral statement, check them and consult with a lawyer.
Contact us with your request and we will find at least 3 suitable properties for you. For free.
