A limited collection of townhouses at The Peaks
There are some mornings when life’s intangibles seem to beautifully align and you instinctively know that it will be a good day. A feel-alive day. It’s into this air of unhurried grace that a limited collection of 11 townhouses emerges in The Peaks – the jewel of the Luštica Bay project – positioned around Montenegro’s future signature 18-hole golf course.
Stretching along a coastline affectionately dubbed the Adriatic Riviera, Luštica Bay covers 690 hectares – four times the footprint of Monaco – with 90% of its land dedicated to preserving the natural landscape. Around €1.6 billion will be invested into the town by 2033, making this the largest greenfield investment in Montenegro and one of the most significant in South-East Europe, yet Luštica Bay is already a dynamic Mediterranean destination well beyond its years.
Whether arriving by yacht or the nearby Tivat Airport just 15 minutes away, Luštica Bay’s appeal lies in its inherent balance: a harmony between nature and design, simplicity and sophistication. There is no manufactured glamour or mimicry. Just a town with its own distinctive identity, where life unfolds at an unhurried pace, and the backdrop is quietly stunning.
Play wild, live beautiful
Located on the prestigious outskirts of the UNESCO-protected Bay of Kotor, The Peaks is set to become one of the world’s most coveted golf communities, with these new townhouses in a prime position overlooking the upcoming course’s fifth hole and the Boka Bay. While the townhouses are an elevated sanctuary, residents remain connected to the lively Marina Village with its curated boutiques and sophisticated dining, and Centrale’s growing urban piazza, complete with essential amenities.
“When you’ve designed around 130 golf courses on five different continents, you see a lot of wonderful views. I’ve really never seen a more beautiful place than this. If I had to have a house on any golf course in the world, this would be my place.”
Those are the words of Gary Player who designed the magnificent 18-hole, par-72 course that anchors The Peaks. Townhouse owners will have full access to the course and all of its privileges.
The ClubHouse – a focal point for community life with its stylish restaurant, comprehensive golf services, expert coaching, and stateof- the-art golf simulator.
Mornings look a little different now
Designed by the internationally acclaimed architect NRA Atelier, the townhouses blend Mediterranean elegance with Montenegro’s rich architectural heritage. Locally sourced stone and wood have been used to form a timeless aesthetic that brings the past into the present, preserving cultural character while embracing modern functionality.
Arranged across two levels to create a natural distinction between social space and private realm, each townhouse features three ensuite bedrooms, light-filled and open-plan interiors, a striking double-height ceiling, and expansive glazing to connect indoor and outdoor living. Warm and earthy finishes abound, with owners offered a choice of two fitted-furniture packages. These provide a convenient foundation for immediate living and flexibility for future interior customisation.
What truly distinguishes the townhouses are their near-constant invitation to spend time outdoors and in nature. Green-roof terraces are accessible from the master bedroom in select townhouses, while landscaped gardens range from 184 to 590 m² to further extend the living space outwards. All townhouses are enveloped by the scents of lavender and lime. These can be enjoyed from the tranquility of one’s private swimming pool in the morning, or beneath a sun-dappled pergola made for year-round al fresco dining that lasts long into the night.
Investing in a flourishing market and community
Montenegro’s strategic location, healthy climate, coastal beauty, and burgeoning innovation make it an attractive prospect for those looking to invest, stay, or live the Mediterranean way.
Less than a three-hour flight from London, the country’s EU-candidate status, low-tax environment, and rising global profile make it one of Europe’s most promising property markets.
Within this, Luštica Bay leads the way, drawing international buyers with its proven capital growth potential. Average annual property appreciation sits at 13%, with further uplift expected as the golf course takes shape.
That said, the destination isn’t only a financial investment. It’s an investment into a sustainable, impactful place with a real purpose.
Orascom Development Holding — a leader in developing tight-knit communities in self-sustaining destinations — is the driving force behind Luštica Bay, and its founder Samih Sawiris has always stated his vision for this to be a fully integrated town, not just a hotel complex or holiday resort.
Townhouses with prime golf and Boka Bay views
Now launching from €2.2 million, these townhouses join Luštica Bay’s select portfolio of residences that includes spacious villas and a nearly sold-out collection of golf apartments. Financial flexibility is a cornerstone of The Peaks offering: investors benefit from 0% transfer tax, and a bespoke payment plan is available to those who purchase early in the coming weeks.
The Peaks Townhouses introduce an exclusive, limited-time payment plan available to early buyers as part of the launch. The payment plan begins with a 20% down payment, followed by 50% in quarterly instalments during construction, and 30% in quarterly post-handover payments, all interest-free.
This presents owners with the unique advantage of being able to move in during their payment period and/or even generate rental income through Luštica Bay’s professional Property Rental Service. All of this is why Luštica Bay has become one of the world’s most compelling addresses, particularly at a time when discerning travellers and investors seek retreats from the world’s crowded corners. The Peaks’ new townhouses raise the bar once again, welcoming a precious handful of owners into an elegant community where life is spent alive and well.
