The Peaks
Golf Residences, Lustica Bay
Montenegro's first luxury golf neighbourhood - championship fairways, Adriatic views, and an elevated collection of Botanika villas, townhouses, and apartments.
Project Highlights
Location
Lustica Bay, Tivat
Type
Villas / TH / Apartments
Collection
Botanika
Bedrooms
1 to 5
Airport
12 km / 15 min (Tivat)
Golf Course
18-hole Gary Player
Status
Off-plan
Delivery
Dec 2026 - Mar 2028
Project Credentials
DEVELOPER
Orascom Development Holding
Swiss-listed, €1.5B total investment in Lustica Bay
GOLF COURSE DESIGNER
Gary Player Design
Legendary firm behind 400+ courses worldwide
VILLA ARCHITECT
Block722
Award-winning Greek studio, Mediterranean luxury
TOWNHOUSE & APT ARCHITECT
NRA Atelier
Acclaimed Montenegrin firm, contemporary regional design
Why This Opportunity Exists
Montenegro's First Championship Golf Course
Gary Player Signature design across 86 hectares with panoramic sea views from every hole. The only course of its kind on the Montenegrin coast.
Adriatic Sea + Boka Bay Views
The Peaks' elevated hillside position offers uninterrupted dual-aspect views - a setting no other neighbourhood in Lustica Bay can match.
Projected Gross Rental Yield
Lustica Bay's professional rental management programme and growing year-round tourism drive strong seasonal returns for golf-adjacent residences.
Property Tax in Tivat
One of Europe's lowest annual property tax rates. Developer-sold units are exempt from transfer tax on first purchase.
Montenegro EU Accession 2028-2030
Pre-EU pricing combined with strengthening legal frameworks. Investors are positioned before the price convergence that EU membership typically brings. Learn more about buying property in Montenegro.
Pricing Overview
Contact for current unit-level pricing and availability. Sizes shown are based on developer floor plans.
Botanika Villas
Luxury 3-5 bedroom villas with private infinity pools, outdoor kitchens, fire pits, and panoramic Adriatic views. Designed by Block722.
| Unit Type | Area | Price From | Total Units | Availability |
|---|---|---|---|---|
| 3-Bedroom Villa | 275 - 352 m² | €3,370,000 - €4,198,000 | 6 | Available |
| 4-Bedroom Villa | 322 - 385 m² | €3,931,000 - €4,232,000 | 2 | Available |
| 5-Bedroom Villa | 400 m² | €5,076,000 | 1 | Available |
Botanika Townhouses
Semi-detached 3-bedroom townhouses with ~185 m² internal space, private infinity pools and terraces. Designed by NRA Atelier.
| Unit Type | Area | Price From | Total Units | Availability |
|---|---|---|---|---|
| 3-Bedroom Townhouse | 184 - 186 m² | €2,189,000 - €2,643,000 | 5 | Available |
Botanika Apartments
Elevated hillside apartments with 1-2 bedrooms, generous terraces, and golf course views overlooking the Hole One tee-off.
| Unit Type | Area | Price From | Total Units | Availability |
|---|---|---|---|---|
| 1-Bedroom | 105 m² | €1,159,000 | 1 | Available |
| 2-Bedroom | 104 - 120 m² | €859,000 - €1,447,000 | 4 | Available |
The Peaks offers 19 golf residences at Luštica Bay - 9 villas, 5 townhouses, and 5 apartments - with delivery from Dec 2026 to Mar 2028. Contact for current pricing and availability.
Investment Perspective
The Golf Course
The centrepiece of The Peaks is Montenegro's first 18-hole championship golf course, designed by the legendary Gary Player Design firm. Set across 86 hectares between Boka Bay and the Adriatic, the course features picturesque vistas in every direction. Each hole has been thoughtfully crafted to maximise the beauty of the natural landscape while maintaining an ecological approach.
Gary Player Design is renowned worldwide for creating courses that blend seamlessly with their surroundings. The Lustica Bay course follows this philosophy, with indigenous Mediterranean planting, natural stone, and terrain that works with the peninsula's contours rather than against them.
Botanika residents enjoy direct golf course frontage - the apartments overlook the Hole One tee-off, while villas and townhouses are set along the fairways with unobstructed views across the greens to the sea beyond.
Location
Tivat Airport
12 km / 15 min
Kotor (UNESCO)
12 km / 20 min
Dubrovnik Airport
62 km / 1 hr
The Peaks occupies the highest residential position within Lustica Bay, a 690-hectare master-planned resort on Montenegro's Adriatic coast. Connected by road to Centrale (town centre with restaurants, shops, medical clinic) and Marina Village (waterfront promenade, The Chedi 5-star hotel, 115-berth marina, five beach clubs).
Who This Works For
Lifestyle Buyer
A second home beside a championship golf course, private beaches, and five-star amenities. Turnkey living in a resort town that operates year-round.
Investor
Pre-EU pricing, strong rental yields, and the lowest property tax in Europe. Professional on-site rental management with proven seasonal demand.
Golf Enthusiast
Live on the fairway of Montenegro's only 18-hole course. Walk from your terrace to the tee. A lifestyle built around the game.
Important Considerations
Construction timelines are estimates and subject to change. Delivery dates reflect developer projections as of February 2026.
Rental projections are based on market assumptions and historical data. Past performance does not guarantee future returns.
Buyers should seek independent legal, tax, and financial advice before committing to any purchase. Prices include VAT as of the date shown.
Follow the latest Montenegro market signals on my Insights page.
For a complete walkthrough of the resort, see my Luštica Bay Buyer Guide.
Get the full file
Get the full The Peaks file
Complete price list, unit availability, payment plan, and my honest take on which units to avoid.
Prefer to talk? Book a 15-min call with Ana.
The Peaks - frequently asked questions
Is The Peaks at Luštica Bay a golf development?
Yes. The Peaks sits on and around the Gary Player-designed championship golf course at Luštica Bay - golf-front and golf-access positioning is the defining feature of the neighbourhood.
How much do residences at The Peaks cost?
Prices start from €859,000. Final pricing depends on property type, floor, orientation and golf-course aspect - I can share the current per-unit availability sheet on request.
What property types are available at The Peaks?
A mix of villas, townhouses and apartments, ranging from 2 to 5 bedrooms - so the same neighbourhood covers lock-up-and-leave apartments through to full family villas.
When does The Peaks complete?
Delivery is scheduled for December 2027. As with any off-plan purchase in Montenegro, the contract date is what matters - I will walk you through the delivery clauses before you reserve.
What is the payment plan at The Peaks?
A 20/80 plan: 20% during construction (typically split across reservation and contract milestones) and 80% on completion. Exact milestone breakdown is confirmed in the reservation agreement.
Who is the developer of The Peaks?
Luštica Development - the master developer behind the entire Luštica Bay resort, including the marina village, Centrale, The Peaks and the Gary Player golf course.
Related reading
- Where to buy property in Montenegro - the advisor's map
- Buying property in Montenegro - the 2026 buyer's guide
- All current properties I am tracking
Independent advisory, no buyer commission in Montenegro.
Starting from
€859,000
Botanika Apartment (2-Bed)
Up to €5,076,000 - Botanika Villa (5-Bed)
19 units available
Delivery: Dec 2026 - Mar 2028
Starting from
€859,000