Golfers, Here’s Why Luštica Bay Should Be On Your Radar
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4 weeks ago
Luštica Bay offers an unparalleled location
Get in the swing at a new golf and elevated luxury property hotspot on the shores of the Adriatic. Luštica Bay is part of the elite 10 percent of golf courses globally that offers sea views from every single hole…
Discovering Luštica Bay, Golf’s Coastal Property Hotspot
Year-round sunshine, stunning waterfront views and Montenegro’s first 18-hole golf course – emerging town Luštica Bay is a breathtaking prime destination in the Adriatic to thrill discerning travellers and golfers alike.
Set between the sparkling waters of the Med and the magnificent mountains of Unesco-protected Boka Bay, Luštica Bay is an elevated property investment opportunity which offers visitors an exquisite place to belong.
Attracting over 700 families from more than 50 countries, Luštica Bay will eventually become home to more than 6,000 residents. This vibrant town-in-the-making will comprise of over 3,000 apartments, 300 luxurious sea-view villas, and seven hotels, including renowned hotel brand The Chedi, which is now open.
Exceptional restaurants, shopping and entertainment activities add to the appeal, while Luštica Bay also hosts an array of prestigious events from sailing regattas and beachfront wellness, to open-air concerts and curated culinary experiences.
The first green field investment in Montenegro, Luštica Bay represents a planned total investment of €1.5 billion and a total investment to date of over €575 million, including a three-mile coastal path.
Of its four neighbourhoods, Marina Village, a flagship part of the project, is in its final stages. Centrale is the newly emerging urban hub, while Horizon is a private community inspired by Mediterranean villages.
The Peaks neighbourhood, however, is where golf lovers should flock: indulging in the global trend for opulent living and golfing destinations, it includes a collection of elevated residential homes and a championship course designed by the world-renowned Gary Player, which will be completed in 2028.
The Gary Player designed golf course
Spanning an impressive 212 acres, the golf course stretches 6,519m in length and offers a par 72 challenge. Dramatic elevation changes are evident in its altitude range, with the lowest hole at 130m above sea level, and the highest reaching 310m. This provides varied play and stunning vistas – indeed Luštica Bay is part of the elite 10 percent of golf courses globally that offers sea views from every single hole.
Player, the winner of nine major championships, took the first, symbolic swing on the driving range last summer, stating: ‘The property’s natural beauty is extraordinary, with its rugged terrain, diverse wildlife, and Adriatic Sea views. Its development has demanded innovative solutions but also unparalleled opportunities, enabling us to create a course that will offer golfers a truly unique journey. It is with great pride that we’re expanding the game of golf to Montenegro. If I could have a house or a villa on any golf course in the world, this would be my place.’
Crafted to complement the landscape, The Peaks showcases authentic Mediterranean architecture, seamlessly integrating with the destination’s vibrant colours and textures.
The Peaks offers high-end amenities, carefully crafted design and an indoor-outdoor living concept
Botanika will be the first completed residential district at The Peaks, featuring villas, townhouses, and apartments, co-designed by internationally acclaimed architects Block 722 and local firm NRA Atelier. Refined outdoor spaces include private pools, landscaped terraces and breathtaking views of the sea and mountains. Interest-free payment plans can be spread over four to five years, with moving-in possible after just two; likewise, a new owner can rent the property out immediately after handover, making quarterly instalments, taxes and maintenance costs all the more manageable.
With three international airports putting you within three hours’ reach of most European hubs, The Peaks offers a stand-out opportunity in the European real estate investment landscape. Luxury properties start at £618,000, with a down payment of just 20 percent and zero interest.
Better still, under Montenegrin law, when you buy property directly from the developer, you are exempt from transfer tax, which can range from three to six percent in the secondary market. International buyers can expect a fully transparent and professionally managed purchase process, and an investor-friendly tax system: income tax ranges between nine to 15 percent, capital gains tax is 15 percent, and there is no inheritance tax for immediate family members.
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For more information visit lusticabay.com
