The first thing you notice about Luštica Bay’s new residential collection is the sheer colour of it all.
Morning light moves through silver-leafed trees, stone pathways draw the eye towards shaded corners and water features abound. The open Adriatic glimmers on one side of the ridge, the UNESCO-protected Boka Bay on the other, while the golf course’s manicured fairways give way to olive groves, native planting and pockets of cool shade.
Set within this landscape at The Peaks – Luštica Bay’s elevated golf neighbourhood – a limited release of apartments and penthouses is emerging, all within walking distance of The ClubHouse and the town’s year-round social and cultural energy.
The green oasis between two blues
Positioned at the entrance to Montenegro’s first 18-hole championship golf course, the residences unfold against a backdrop of privacy, greenery and wide sea views.
Woven into the heart of the scenery is the largest swimming pool in Luštica Bay – a sweeping 400 sqm setting framed by a two-level deck offering both open sun and shaded retreat beneath the canopy. Nearby, a more secluded pool provides moments of solitude, while a traditional Montenegrin guvno gathering space roots the contemporary surroundings in local heritage. The feeling is one of abundant calm.
Across three horizontally scaled wings, 48 residences open directly onto gardens, private yards and the golf course. Of these, only 18 residences are currently offered, including 1-3 bedroom apartments that start from €665,000 and include private garage parking.
Ground-floor homes extend naturally into private garden yards that feel more like outdoor living rooms, while upper-floor residences enjoy dual-aspect perspectives that capture both the Adriatic Sea and the dramatic silhouettes of Boka Bay. At the top of the collection sit two penthouses with expansive terraces and the option for private plunge pools.
At home with one’s surroundings
Inside, the residences reflect the same understated elegance that shapes Luštica Bay as a whole. Imagined by acclaimed studios, the architecture draws on Mediterranean influences and Montenegro’s coastal heritage, with locally sourced stone and natural wood bringing warmth and texture throughout.
Open-plan interiors draw in natural light throughout the day, while soft neutral palettes set off the colours of the surrounding peninsula. Fitted furniture and wardrobes are included as standard, with additional curated furniture packages also available.
Kitchens feature custom Nolte cabinetry and integrated Miele appliances, with Poliform or similar high-quality kitchens available as an upgrade. Bathrooms offer underfloor heating and walk-in showers, while utility rooms and integrated storage provide practical ease for everyday living.
Life beside the region’s first fairways
The Peaks has established itself as one of the Adriatic’s most distinctive residential settings – a neighbourhood of championship golf, panoramic scenery, and Mediterranean living.
Designed by Gary Player, the upcoming 18-hole championship course is expected to become one of Europe’s most visually striking golf retreats, joining a rare group of courses worldwide where every hole comes with sea views.
The course itself is progressing in phases. Three holes are already playable, nine holes are expected around the turn of the year, and the full championship course is scheduled for completion between 2028 and 2029.
Residents are moments from The ClubHouse where days begin with coffee overlooking the greens and evenings start with sundowners on the terrace. A golf simulator, pro shop and practice facilities already form part of daily life, while future phases will bring a second clubhouse and boutique hotel in 2029, followed by a dedicated golf hotel as the neighbourhood matures.
Yet the fairways are only part of the story here.
Days of simplicity abound across Luštica Bay
Five beaches, a marina promenade, cafés, restaurants, wellness facilities, sports courts and a growing cultural calendar have shaped Luštica Bay into a vibrant coastal town.
More than 700 families from over 50 countries now call it home, their mornings spent swimming, playing padel, or picking up fresh bread from the bakery in Centrale. Afternoons sway between the sea and the hills, while nights stretch long into indigo twilight beneath pergolas scented with rosemary.
To date, €775 million has been invested into Luštica Bay. This will reach €1.5 billion by 2033, at which point the town will host 6,000 residents, seven hotels, two marinas, an international school, and an extensive network of spaces for entertainment and enrichment.
Within this development, the long-term vision remains rooted in preservation. More than 90% of Luštica Bay’s 690-hectare peninsula will remain untouched, protecting the wild beauty that first drew people here.
Montenegro’s rise and rise
As buyers increasingly look beyond Europe’s saturated coastal markets, Montenegro has surfaced as one of the continent’s most intriguing investment prospects.
Less than three hours from most major European capitals, and positioned at the crossroads of the Adriatic and wider Mediterranean, the country combines natural beauty with a favourable tax environment, growing international connectivity, and accelerating capital appreciation.
While established destinations such as the French Riviera, the Balearics and parts of coastal Italy demand peak pricing, Montenegro still offers significant room for upward movement.
Luštica Bay itself has already demonstrated strong capital performance, with average annual property growth reaching 13% in recent years. Further uplift is anticipated as The Peaks golf course nears completion and the wider town continues to mature.
This is reinforced by Montenegro’s advancing path towards European Union membership. As one of the region’s leading EU candidate countries, continued alignment with European standards and infrastructure is strengthening international confidence and fuelling long-term investment.
The value of life
Property ownership at Luštica Bay is also structured with financial opportunity in mind. Buyers benefit from 0% property transfer tax when purchasing directly from the developer, while interest-free payment plans extend for two years after the handover of keys. This allows owners to move in, or begin generating income through Luštica Bay’s rental programme, while still making payments.
Yet the true value of life at The Peaks lies beyond the practicalities of ownership. It’s found in the stillness of early mornings overlooking the bay. In afternoons spent between fairways, gardens and the sea. And in long lunches that drift into peach-hued sunsets and star-filled evenings.
In the words of Gary Player, “If I had to have a house or villa on any golf course, this would be my place.”
At The Peaks, that is a place that invites you to live a little slower, breathe a little deeper, and return to the simple pleasures that bring you to life.
