A new chapter is unfolding at The Peaks, the most elevated neighborhood within Luštica Bay, Montenegro’s premier integrated coastal destination. Established in 2008, Luštica Bay is developed by Luštica Development Inc., a joint venture between the Swiss-based Orascom Development Holding and the Government of Montenegro. For more than 35 years, Orascom Development has been a pioneer in creating destinations where people are inspired to live, work, and play with passion and purpose. They are a leading developer of fully integrated destinations all around the globe.
The latest residential release introduces a garden-led collection of apartments and penthouses positioned at the entrance to the country’s first 18-hole championship golf course, designed by Gary Player.
Arranged across three low-rise residential wings surrounded by layered Mediterranean gardens, silver-leafed trees, and cooling water features, the residences range from one-bedroom apartments to expansive three-bedroom homes and a limited number of penthouses. Select homes capture a rare dual perspective, overlooking both the Adriatic Sea and the dramatic peaks of UNESCO-protected Boka Bay. With prices starting at €665,000 and interest-free staged payment plans, the collection combines lifestyle appeal with strong investment potential in one of the Adriatic’s fastest-growing destinations. Luštica Bay has delivered an average annual property appreciation of 13%, with additional growth expected as the golf course fully develops.
A Coveted Address Between the Adriatic and Boka Bay
The Peaks occupies a privileged position within Luštica Bay, combining panoramic coastal views with direct access to golf, beaches, and a thriving town center.
Montenegro’s Adriatic Gem
Luštica Bay sits along Montenegro’s Adriatic coastline, within the UNESCO-protected Boka Bay region, one of Europe’s most visually striking and rapidly emerging destinations. The fully integrated coastal town spans a master-planned environment that encompasses marina living, five private beaches, wellness and sports facilities, dining, and residential neighborhoods.
The Peaks represents the most elevated and prestigious neighborhood within this setting. Positioned above marina and town center, it offers sweeping Adriatic views and direct access to The ClubHouse and the future 18-hole championship golf course, while remaining closely connected to the waterfront amenities below. Access is a key part of Luštica Bay’s advantage. Tivat Airport is just 15 minutes away, and the airports of Podgorica and Dubrovnik are both under two hours by car, putting most major European cities within a three-hour flight. For boat owners, the approach by sea is even simpler thanks to the town’s fully-supported marina.
The charming village atmosphere of the wider destination enhances everyday life. Promenade restaurants, retail options, and The Chedi Luštica Bay, a five-star waterfront hotel awarded a Michelin Key, are all within reach. An eco-friendly shuttle bus connects the neighborhoods, while round-the-clock security and a fully equipped fire station provide peace of mind.
A Thriving Market With Strong Growth Potential
Now distinguishing itself on the global stage, Montenegro is a country layered in contrast, with a diversity of terrain and experience that defies its size. Coast and mountain can be experienced within a single day, offering rare variety and freedom. Morning coffee by the Adriatic can be followed by skiing through fresh powder before the sun sets.
The country’s investor-friendly tax system further strengthens its appeal: international buyers benefit from a transparent and professionally managed purchase process, including 0% property purchase tax when purchasing from a developer, a 4.5% effective rental revenue tax rate, 0% inheritance tax for immediate family members, and free transfer of profits abroad. The euro ensures no exchange-rate risk, while EU candidate status promises alignment with elite standards. Economic momentum is strong, with 3.2% GDP growth in 2025 coupled with sustained tourism inflows, a progressive corporate income tax of 9% to 15%, and a modest property tax regime that supports long-term investment. Property prices remain significantly below established Mediterranean markets, offering a compelling early-mover advantage.
Luštica Bay has positioned itself at the forefront of this evolution, becoming one of the Adriatic’s most established integrated residential and hospitality communities.
To date, over €775 million has been invested in the destination, resulting in more than 700 homes delivered to families from over 50 countries, with over 1,000 homes sold, a fully operational marina, and a curated mix of lifestyle infrastructure. Upon full build-out, Luštica Bay will feature over 3,000 apartments, more than 300 villas, seven hotels, two world-class marinas, an international school, and a dynamic town center, ultimately becoming home to over 6,000 residents.
The Peaks, as Montenegro’s first golf-side neighborhood, represents a particularly rare proposition within the region. The combination of championship golf, low-rise architecture, curated landscaping, and professionally managed amenities creates an offering largely unavailable elsewhere on the Adriatic coast. Properties within Luštica Bay have demonstrated consistent long-term appreciation, supported by phased development, strong international ownership demand, and professionally operated rental programs. Compared to more mature Mediterranean markets, Montenegro continues to offer strong relative value alongside significant long-term growth potential.
Garden-Led Residences With Panoramic Views
The newest release at The Peaks introduces a thoughtfully designed residential collection where architecture, landscape, and the surrounding environment converge.
Refined Interiors and Seamless Indoor-Outdoor Living
The 48 residences are arranged across three horizontally scaled wings, each designed to sit gently within the landscape. Open-plan living and dining areas extend onto terraces, private gardens, and panoramic outdoor spaces, ensuring a deep connection between interior life and the Mediterranean surroundings.
Ground-floor garden residences feature private yards that function as extensions of the living space. Upper-level homes capture a rare “double view” with generous terraces and balconies oriented toward the Adriatic on one side and the dramatic peaks of Boka Bay on the other. A limited collection of four penthouses, each with the option of a private plunge pool, offers an elevated perspective of sky and sea.
Interiors are defined by warm Mediterranean tones, natural materials, and understated detailing. Kitchens feature Nolte cabinetry with premium integrated appliances, while bathrooms include underfloor heating, walk-in showers, and refined finishes. Built-in wardrobes, integrated storage, and optional upgrade packages further enhance everyday comfort. Wind-free air conditioning and fiber-ready connectivity are standard throughout.
Residences range from one-bedroom apartments spanning 85 to 87 square meters, through two-bedroom layouts of 92 to 119 square meters, to three-bedroom homes covering 129 to 141 square meters. Penthouses range from 147 to 178 square meters, with optional private plunge pools.
Championship Golf and Resort-Style Amenities
At the heart of the outdoor experience is a pool setting unlike any other on the peninsula: an expansive 400-square-meter main pool, the largest in Luštica Bay, complemented by a two-level pool deck. A second, more intimate 90-square-meter pool is tucked away for quieter moments. A traditional Montenegrin gathering area, known as a guvno, is set within the gardens, rooting the modern landscape in local heritage. Fire pit gathering areas and landscaped communal spaces offer additional settings for relaxation and socializing.
The residences sit at the entrance to Montenegro’s first golf community, adjacent to the driving range and practice areas, and moments from The ClubHouse, where a restaurant, pro shop, and golf simulator already form part of daily life. The Gary Player-designed championship course is being delivered in phases, with three playable holes already in place, nine holes expected between 2026 and 2027, and the full 18-hole course completing between 2028 and 2029. A new clubhouse and boutique hotel will arrive in 2029, followed by a dedicated golf hotel.
Beyond The Peaks, Luštica Bay offers five private beaches, three sea lounges, a 115-berth marina, restaurants, and sports and wellness facilities. Two kids’ clubs provide supervised programs, creative workshops, and activities for younger residents. A year-round calendar of curated events and experiences caters to all ages.
The path to ownership is supported by an interest-free payment plan that allows owners to move in, or begin generating income through Luštica Bay’s rental program, while still making payments for up to two years post-delivery. Through that program, owners enjoy a low-involvement investment that can offset maintenance costs and generate scalable returns, all the while keeping the residence available and prepared for personal use.
Coastal Living, Elevated
The Peaks at Luštica Bay presents a rare opportunity to own within Montenegro’s first golf-side community, where garden-led architecture meets panoramic Adriatic and Boka Bay views. With interest-free staged payment plans, a professionally managed rental program, and a destination that continues to grow in both scope and international appeal, this collection is poised to attract discerning buyers seeking long-term value and a refined coastal lifestyle.
Luštica Bay is an award-winning, year-round destination on Montenegro’s coast, recognized as one of the Adriatic’s most distinguished coastal experiences. Spanning 690 hectares and 5.9 kilometers of coastline, with 90% of the land reserved for natural protection, this emerging town offers homeowners and visitors a sophisticated Mediterranean lifestyle with a deep-rooted sense of belonging. The destination is evolving across four planned neighborhoods, each with a distinct character, from the coastal charm of Marina Village to the modern urban core of Centrale, the golf-side prestige of The Peaks, and the private panoramas of Horizon.
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