Lustica, Montenegro

A sea-view studio in Residence H3, part of the first phase of Horizon, Lustica Bay's new hillside neighbourhood above the marina. Apartment H3-13 is on Level 1 and has 30.34 m2 of internal space and a 10.16 m2 terrace, 40.50 m2 in total. The living and dining area opens onto the terrace through two sets of glazed double doors, looking out over the marina and the Adriatic. It comes with ducted air conditioning, underfloor heating in the bathroom, floor-to-ceiling wardrobes, access to Horizon's communal pools, and an underground garage space on a 25-year complimentary lease. The asking price is EUR 450,000. Completion is scheduled for 2027.


Residence H3 is one of the four buildings in Horizon's first phase, set on the eastern end of the neighbourhood nearest the Clubhouse. Like the rest of Horizon, it is built in warm Lustica stone with Mediterranean shutters, arched porticos and pergolas, with tiered pool terraces and gardens of olive and lemon trees stepping down the hillside below.

H3-13 is a compact, well-organised studio. The entrance hall has a full-height wardrobe on one side and the bathroom on the other, with a shower, a washbasin, a WC and space for a washing machine. Beyond it, the main room runs the full width of the apartment: a fitted kitchen along the side wall, a dining table beside it, and a living area with room for a sofa or sofa bed.
The whole sea-facing wall is glazed, with two pairs of double doors opening onto the terrace. At 10.16 m2, the terrace adds a third to the usable space for much of the year - wide enough for a table and chairs, with the view across the marina and the open sea.
As a Horizon homeowner, the buyer receives three years' complimentary membership of the Horizon Clubhouse, with its infinity pool, fitness centre, lounge and kids' club, along with access to Lustica Bay's beaches and pools and a complimentary shuttle to the marina promenade and the town centre.


Apartment H3-13 is a studio on Level 1 of Residence H3, with 30.34 m2 of internal space, a 10.16 m2 terrace (40.50 m2 in total), one bathroom with a shower and an underground garage space on a complimentary 25-year lease, for an asking price of EUR 450,000.


Horizon Homeowner Benefits

- Three years' complimentary Horizon Clubhouse membership
- Exclusive access to Lustica Bay beach and pools, with priority reservations at other beaches and beach clubs
- Complimentary shuttle to the marina promenade and the town centre
- 24/7 security and customer service
- Discounted rates at The Chedi Lustica Bay for family and friends
- Preferential rates for the spa, Lustica Bay gym, sports courts, restaurants, shops and yacht moorings
- Access to the Lustica Bay rental programme
- Year-round property management, maintenance and landscaping at a preferential charge


Lustica Bay Lifestyle and Amenities

Lustica Bay is a planned coastal town on the Lustica peninsula, with a waterfront Marina Village of restaurants, cafes and shops along the promenade, The Chedi Lustica Bay hotel and spa, and Centrale, the town's second hub. There are five beaches, sports courts, walking and cycling paths, and an 18-hole Gary Player Signature golf course taking shape around the hillside neighbourhoods, with Horizon set alongside its second hole.


Location and Distances

On Foot
- Horizon Clubhouse and pools - ~2 minutes
- Marina Village promenade, restaurants and cafes - ~900 m, ~12 minutes (downhill)
- The Chedi Lustica Bay and Marina Village beach - ~1 km, ~15 minutes


By Car
- Centrale Lustica Bay - ~3 km, ~5 minutes
- Radovici (shops, pharmacy, post office) - ~5 km, ~8 minutes
- Tivat and Porto Montenegro - ~18 km, ~25 minutes
- Kotor Old Town - ~13 km, ~18 minutes


Airports

- Tivat Airport - ~14 km, ~20 minutes
- Podgorica Airport - ~63 km, ~1 hour 30 minutes, plus border crossing


Buyer's Lens

H3-13 is the most accessible way into Horizon: a sea-view home with the same Clubhouse, pools, beaches, garage parking and management as the larger residences, at the smallest footprint in the neighbourhood. For a couple or a solo owner it works as a holiday base that needs no thought between visits.

Studios are also the easiest units to let, and the Lustica Bay rental programme handles guests, cleaning and maintenance on the owner's behalf. Buying in the first phase gives a position close to the Clubhouse and the payment plan spreads most of the cost through construction and beyond handover.


Agent's Honest View

This is a studio in the true sense - one room for living, dining and sleeping - so it suits short stays, a couple or a rental investment better than family use. The terrace makes a real difference to how the space feels, and the full-width glazing keeps it bright, but buyers who want a separate bedroom should look at Horizon's one-bedroom apartments, which start from 66 m2.
As with all of Horizon, this is an off-plan purchase with completion scheduled for 2028, and the finished apartment can only be judged from plans and renders for now. Lustica Bay's earlier neighbourhoods have been delivered and are lived in, which gives a reasonable basis for confidence. We are happy to show you completed apartments of a similar size at Lustica Bay so you can get a feel for the space.


Completion and Payment Terms

The apartment is offered off-plan, with completion scheduled for December 2027.
The developer offers an interest-free payment schedule: 20% on signing, 50% in quarterly instalments during construction, and 30% in quarterly instalments over up to two years after handover. Full terms are confirmed in the reservation agreement.


Off-plan Available Studio Apartments
- H802 With internal area of 29.28 m2 and additional 15.43 m2 of an exclusively used area. The asking price is EUR 378,000
- H803 With internal area of 39.92 m2, Terrace of 10.53 m2, and additional 11.15 m2 of an exclusively used area. The asking price is EUR 576,000.


ntRealty is a Real Estate Agency based in Tivat, Montenegro headed by British businessman, Peter Flynn, who has lived in the area since 2005 and focused his efforts in various aspects of real estate, including development, architecture, interior design and investing in real estate in the area. The Tivat office is run by a team of professionals who really understand the local market. The team is there to help guide you through the buying (or selling) process and we pride ourselves in giving a high level of service in a polite, friendly and efficient way.

ntRealty specializes in properties for sale all around the Bay of Kotor, Tivat Bay and Lustica and our clients range from Porto Montenegro and Lustica Bay to hundreds of private individuals who put their trust in our operation.