LullaStay research candidate · Selling / under construction (Horizon neighbourhood actively selling)

Luštica Bay

Lustica Development a.d. (Orascom Development) · Luštica Peninsula, Boka Bay, Montenegro, Luštica Peninsula (near Tivat), Montenegro

Nearby: Luštica Peninsula (near Tivat)

Why LullaStay is watching

Luštica Bay is a real mixed-use waterfront town with marina, golf and residential neighbourhoods project by Lustica Development a.d. (Orascom Development) in Luštica Peninsula (near Tivat), Montenegro. LullaStay is researching it for potential fit within a professionally managed hospitality-rental strategy. Figures beyond the developer's own materials are under review.

Project characteristics

Four neighbourhoods: Centrale, Marina Village, Horizon, The Peaks (Golf Residences)
Located within UNESCO-protected Boka Bay region
Horizon studios from €425,000; 1-bed from €717,000; 2-bed from €1,150,000; penthouse from €1,416,000
Home to The Chedi Luštica Bay 5-star hotel and Hotel Centrale by Angsana
Marina in Marina Village serves international yachting

Amenities advertised by the developer

The Chedi Luštica Bay 5-star hotelState-of-the-art marinaFuture golf course (The Peaks)Beach clubs and poolsKids clubSpa accessClubhouseUnderground parkingRental pool management programRestaurants, shops, boutiques

What we like

· Four neighbourhoods: Centrale, Marina Village, Horizon, The Peaks (Golf Residences)
· Located within UNESCO-protected Boka Bay region
· Horizon studios from €425,000; 1-bed from €717,000; 2-bed from €1,150,000; penthouse from €1,416,000

What we need to verify

· STR regulations
· Management agreement terms
· Ownership structure for foreign buyers
· Rental economics
· Operating expenses
· Liquidity

Risks

· Delivery / construction risk
· Currency exposure
· Developer pricing subject to change
· Research pending on all other risks

Pricing

From EUR 425,000

(~ US$ …*)

*Approx. USD based on today's exchange rate. Developer pricing subject to change.

Last updated: Sep 26, 2026

Source: Official Luštica Bay Horizon neighbourhood page: Studio "From 40.60 m² Price from €425,000" (https://horizon.lusticabay.com/test-page/, accessed 2025)

Pricing shown is based on publicly available project materials and/or current project marketing information. USD values are approximate and based on the current exchange rate at the time of display. Final pricing may vary.

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Project profile

Category: Premier
Type: Mixed-use waterfront town with marina, golf and residential neighbourhoods
Management: Under Review
Ownership: Freehold residences with optional rental pool/property management program
Hospitality / STR: Research Pending — short-term rental permission and operating rules not yet independently verified.

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Research status

LullaScore: Under Review
Management structure: Under Review
STR eligibility: Research Pending
Projected yield: Research Pending
Ownership / acquisition: Research Pending

No financial figures are shown until verified. Short-term rental permission and professional management have not been independently confirmed.

Project gallery

Renderings © Lustica Development a.d. (Orascom Development), shown for research reference from the official project page. LullaStay does not own, represent, sell, manage or endorse this development and has no partnership with Lustica Development a.d. (Orascom Development).