Island in Tivat, Montenegro, 20 995 m²

Sale of Land with 5-Star Hotel Project

The land is located on the Montenegrin peninsula of Luštica, in the largest bay of the Adriatic Sea — on the coast of the Bay of Kotor, often referred to as the southernmost fjord in Europe. It is only 10 minutes from Tivat Airport.

This is the last available plot on the very seafront where it is still possible to build a 5-star hotel. The natural surroundings are exceptionally luxurious: majestic mountains, azure sea, and secluded coves with fine sandy and pebble beaches scattered along the coastline. The area is enriched with pine forests, olive groves, authentic villages, private estates, and vineyards. In one word — idyllic.

The foundations for the development of the Golf Residences area have already been laid. The world-renowned golfer Gary Player has been invited to develop the golf course project. A professional 18-hole golf course will be built here, with the first 9 holes expected to be opened by the end of 2023. Overall, this is a unique project. According to experts, less than 10% of golf courses worldwide offer sea views from any point on the course.

The Centrale settlement will become the commercial, administrative, and cultural center of the development. It will host key public services such as a kindergarten, school and healthcare center, police and fire stations, bank, post office, car service and gas station, outlet village, conference center, and sports complexes. The area will also feature new parks, landscaped promenades, open galleries, shops, and cafés on the central square.

Land price: €9,447,750
Land area: 20,995 m²

Total complex area: 16,287 m²

HOTEL:

• Total above-ground area: 8,382.34 m²
• Total underground area: 5,956.10 m²
• Total hotel area: 14,338.44 m²

GUEST HOUSE:

• Total above-ground area: 1,620.60 m²
• Total underground area: 328.23 m²
• Total guest house area: 1,948.83 m²