Luštica Bay has unveiled its latest milestone: a boutique collection of 11 townhouses within The Peaks, Montenegro’s first luxury golf neighborhood. This exclusive release marks a significant moment for the Adriatic coast’s most ambitious development, where The Peaks Villa exemplifies the pinnacle of course-side living.
The Peaks represents the crown jewel of Luštica Bay’s residential offering, thoughtfully designed around Gary Player’s championship 18-hole course. Set within Montenegro’s largest greenfield investment totaling EUR 1.6 billion by 2033, this development has attracted over 700 homeowner families from more than 50 countries. This 690-hectare integrated coastal town project has been under development for over a full decade by Luštica Development AD, a joint venture between the Government of Montenegro and Swiss-based Orascom Development Ltd., which holds an 88% stake.
The Peaks Townhouses occupy prime positioning overlooking the upcoming golf course’s fifth hole, offering expansive sea views while maintaining the privacy and seclusion that defines this exclusive community. As Gary Player himself declared: “If I had to have a house on any golf course in the world, this would be my place.”
Montenegro’s Golf Revolution
The introduction of The Peaks transforms Montenegro’s real estate landscape, establishing the country’s first luxury golf community on one of Europe’s most pristine coastlines.
The Championship Course Legacy
The 18-hole championship signature golf course, designed by legendary golfer Gary Player, represents a watershed moment for Montenegro’s luxury real estate sector. Spanning 86 hectares with a par-72, 6,519-meter layout, the course navigates dramatic natural gradients of up to 30% — making it one of fewer than 10% of courses worldwide to offer sea views from every hole.
Player’s inaugural swing marked not only the official start of work on the course but also Montenegro’s emergence as a serious contender in the Mediterranean golf market. With the first nine holes playable by 2026 and full completion by 2028, the course will be complemented by a driving range, clubhouse, and academy. The strategic positioning provides direct vistas from The Peaks residences, creating an immersive golf lifestyle that extends beyond the fairways into daily living.
The ClubHouse serves as the social and recreational hub, offering golf services, expert coaching, a state-of-the-art simulator, and a stylish restaurant welcoming both residents and visiting guests.
Architectural Excellence in Natural Harmony
The newly released townhouse collection, designed by internationally acclaimed architect NRA Atelier, exemplifies contemporary Mediterranean architecture with regional authenticity. Each of the 11 residences features three en-suite bedrooms with light-filled, open-plan interiors distinguished by striking double-height ceilings and expansive glazing that seamlessly connects indoor and outdoor living.
The architectural approach prioritizes sustainability and environmental integration, using locally sourced stone and warm woods that reflect Montenegro’s innate colors and textures. Spacious gardens range from 184 to 590 square meters, with the largest plot exceeding 1,000 square meters. Every home features a large private pool, with green roof terraces accessible from the master bedroom in select residences.
Shared outdoor spaces feature generous terraces, native landscaping, communal seating areas, and fire pits that encourage community connection while remaining rooted in the surrounding natural beauty.
Investment Opportunity and Lifestyle Integration
The Peaks townhouses and villas offer compelling investment potential within Montenegro’s rapidly appreciating luxury real estate market, supported by innovative financing and proven performance metrics.
Exclusive Interest-Free Payment Structure
This limited-time payment structure comprises up to 10 quarterly installments during the construction phase, followed by a further 8 quarterly installments post-handover — all interest-free. The property is available for immediate move-in or rental upon handover, with full ownership granted upon final payment. Owners may choose to generate rental income during the payment period through Luštica Bay’s professional rental service, while also benefiting from the area’s strong long-term value growth.
Montenegro’s investor-friendly tax environment, with no transfer tax on developer purchases, 9-15% income tax, and 15% capital gains tax, combined with zero-interest financing creates one of the Mediterranean’s most compelling investment propositions.
The Complete Luštica Bay Lifestyle
Beyond golf, The Peaks residents enjoy access to Luštica Bay’s comprehensive amenities spanning 690 hectares and six kilometers of coastline. Five pristine beaches, a full-service marina accommodating vessels up to 45 meters, fine dining establishments, and wellness facilities create a year-round lifestyle destination.
Luštica Bay is home to a collection of four distinctive neighborhoods, each with its own atmosphere, pace, and personality. From the waterfront charm of Marina Village and the lively urban energy of Centrale to the upcoming Horizon neighborhood currently taking shape, the development offers a diverse range of experiences within one integrated community.
Residents enjoy exclusive homeowner benefits including priority beach and pool reservations, customer service and security, shuttle services, access to the professional rental services, discounted rates at The Chedi Luštica Bay 5-star hotel, and year-round property management services. The destination’s international accessibility — with Tivat Airport 12 kilometers away, Podgorica 92 kilometers, and Dubrovnik 62 kilometers — positions Luštica Bay as Montenegro’s most connected luxury community.
The marina provides direct Mediterranean access along the Venice-Corfu cruising route, while the surrounding region offers five national parks and UNESCO World Heritage sites, making Montenegro one of the world’s most biodiverse countries per capita.
Montenegro’s Premier Investment Opportunity
The Peaks at Luštica Bay represents Montenegro’s evolution into a premier Mediterranean destination, where championship courses meet refined coastal living. The limited townhouse collection, starting from €2.2 million, provides rare access to the country’s first luxury golf neighborhood.
With its innovative payment structure and comprehensive lifestyle amenities, The Peaks sets a new benchmark for Adriatic luxury real estate. As Montenegro continues its rise as a sought-after destination just two hours from London, The Peaks places early investors at the forefront of this market transformation on one of Europe’s last unspoiled coastlines.
For more information about these exclusive properties and investment opportunities, contact Luštica Bay via the form below:
