Set within The Peaks at Luštica Bay, the four-bedroom villa has terraces facing the entrance to the Bay of Kotor and the fairways of a Gary Player-designed course.

Beds: 4 Baths: 3 + 1 Interior: 322 m² / 3,466 ft² Exclusive-use area: 148 m² / 1,593 ft² Land: 1,226 m² / 0.30 acres Pool: 34 m² / 366 ft²

Amenities: Private swimming pool, garage, internal storage, open-plan living room with fireplace, Miele kitchen, office, laundry room, technical room, terraces facing the entrance to the Bay of Kotor and golf holes, access to beaches and Luštica Bay amenities.

On a stretch of Montenegro’s Adriatic coast between open sea and the entrance to the Bay of Kotor, Luštica Bay is taking shape as one of Southeast Europe’s most ambitious coastal developments. Its newest residential address, The Peaks, brings private homes into direct relationship with Montenegro’s first 18-hole championship golf course, a layout designed by Gary Player, the South African golf legend and nine-time major champion, giving the project a level of international sporting pedigree still rare on this part of the Adriatic.

For international buyers, Montenegro occupies a compelling position in the European property landscape. It remains earlier in its luxury-market maturity than the French Riviera, the Amalfi Coast, the Balearics, or parts of Croatia, while offering a comparable Adriatic lifestyle of sea, mountains, superyacht marinas, UNESCO-protected coastal towns, resort infrastructure, and growing international access. At Luštica Bay, that positioning is being translated into a master-planned coastal community built around marina life, beaches, hospitality, and now championship golf.

Within The Peaks, a private four-bedroom villa is now asking €3,900,000, offered through Niko Lakovic of Montenegro Sotheby’s International Realty.

The residence sits within Botanika Residences, the first phase to emerge at The Peaks. Positioned above the opening holes of the Gary Player-designed course, the villa is shaped by the relationship between hillside terrain, golf, and the water beyond, with terraces facing the entrance to the Bay of Kotor and the fairways below.

The villa spans 322 m² / 3,466 ft², with a further 148 m² / 1,593 ft² of exclusive-use area, according to the listing.. It is set on a 1,226-square-metre / 0.30-acre plot and includes four bedrooms, three bathrooms, a guest toilet, a private garage, internal storage, and a 34-square-metre / 366-square-foot swimming pool.

Inside, the layout is arranged for contemporary coastal living. A spacious open-plan reception area brings together the living room, dining area, and kitchen, with a fireplace anchoring the main space and Miele appliances specified in the kitchen. The plan also includes an office, laundry room, and technical room, giving the property the infrastructure of a full-time residence rather than a purely seasonal villa.

The appeal of the property lies in the way its setting brings several of Luštica Bay’s defining ideas together. It is private but not isolated, coastal but not simply beach-led, and connected to a course intended to establish Montenegro on the regional golf map. The villa’s position above the golf holes, with views toward the Bay of Kotor, gives it a more layered relationship to place than a conventional resort home.

The Peaks is being developed as Luštica Bay’s most elevated residential neighbourhood, with apartments, townhouses, and villas arranged around the course. Architecture throughout the neighbourhood draws on locally rooted materials, including stone and wood, while using open-plan interiors, large areas of glazing, and outdoor living spaces to connect the homes to the terrain and views.

The wider Luštica Bay infrastructure is central to the proposition. The 690-hectare master-planned destination includes a marina, beaches, restaurants, The Chedi hotel, sports facilities, and coastal paths, with further phases planned as the community expands. For residents of The Peaks, that means access to the privacy of a golf-side neighbourhood while remaining connected to the services, hospitality, and leisure infrastructure of a larger coastal town.

The villa is expected to complete in December 2027. The approved payment structure requires 20% on signing the Sales and Purchase Agreement, with the remaining 80% payable through quarterly instalments over two years post-delivery.

At €3,900,000, the property brings private villa living into direct relationship with one of Montenegro’s most significant new residential landscapes, where Bay of Kotor views, marina infrastructure, and championship golf are being developed as part of a wider Adriatic coastal community.

All photographs courtesy of the listing agency. Request more information from Montenegro Sotheby’s International Realty.