Seafront Land for 5-Star Hotel Development
📍 Location: Krašići, Luštica Peninsula – First Line to the Sea
🛬 Just 15 minutes from Tivat Airport | Direct access to the Bay of Kotor
📍 Directly across the bay from Portonovi Resort, Kumbor
An exclusive investment opportunity on Montenegro’s most prestigious coastline – a prime waterfront plot with 100 meters of shoreline and a valid construction permit for a 5-star hotel.
📐 Property Overview:
• Primary land area: 8,011 m²
• Approved gross construction area: up to 5,000 m² above ground
• Shoreline frontage: 100 meters of direct sea access
• Urbanized with full planning documentation and development permit
• Ideal for: Boutique resort, branded hotel, wellness & spa retreat
🌿 Additional Development Opportunity:
There is an option to acquire adjacent land, expanding the total area up to 37,500 m².
This includes both urbanized and non-urbanized zones, providing a unique opportunity for building a larger seafront complex, subject to planning approval.
📌 The extended area offers the potential for:
• Multiple accommodation units or branded residences
• Full-scale resort facilities
• Expanded hospitality, wellness, or marina infrastructure
📩 Extended purchase options available upon request.
✅ Location Highlights:
• First-line seafront position on the Luštica peninsula
• Panoramic views of the Bay of Kotor
• Directly across from Portonovi luxury resort in Kumbor
• Asphalt road access + nearby utilities (water, electricity)
• Peaceful and exclusive setting with strong ROI potential
💼 Price and terms for extended land package: On request
💬 Contact us for detailed project documentation, planning potential, and to schedule a private site visit.
.svg)
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.
