Tivat, Montenegro
€175,000
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
463 sq ft
43 sq m
Key features
- 43m² one-bedroom, one-bathroom apartment, second floor, Zukovac, Tivat municipality
- Direct access to a shared jetty on Tivat Bay, steps from the building
- Uninterrupted views across to Sveti Marko Island and Gospa od Milosti church
- Glazed balcony - strong candidate for full picture-window replacement
- Covered rear terrace with storage
- Allocated off-street parking
- Small building of 8 apartments; low annual HOA fee of €200
- Fully furnished; original condition, ready for updating (floors, kitchen, bathroom)
- Tivat Airport 11 min; Lustica Bay 6 min; Kotor Old Town 15 min
Description
A 43m² one-bedroom, one-bathroom apartment on the second floor of a small eight-unit building directly on the water in Zukovac, on the coast road between Tivat and Radovici. Steps lead from the building down to a shared jetty on the bay, with open views across to Sveti Marko Island and the Gospa od Milosti church. Terracotta floors and a glazed balcony throughout; allocated parking; original condition and ready for updating. Tivat Airport 11 minutes, Lustica Bay 6 minutes, Kotor Old Town 15 minutes. 175,000 EUR.
The thing that cannot be replicated about this apartment is where it sits. Step out of the building, down a handful of steps under the road, and you are on a jetty shared by just eight apartments, with the bay open in front of you and Sveti Marko Island and the small church of Gospa od Milosti directly across the water. It is roughly 1.5 nautical miles to Porto Montenegro by tender - close enough that a boat, rather than a car, becomes a genuine way to get around.
The apartment itself is straightforward and honest about what it is: a one-bedroom, one-bathroom flat of 43m², fully furnished, with terracotta floors and white walls throughout. It was last refurbished around twenty years ago and it shows - this is a property that wants new floors, a new kitchen, and a new bathroom, and would reward that investment considerably given what sits outside the window. None of that work is structural or extensive; it is cosmetic, and the returns on it here are unusually high.
The bedroom is a reasonable size, the bathroom good-sized, and the small kitchen opens into a compact living space that leads onto the balcony. That balcony is currently enclosed with older, temporary-style glazing - functional, but not doing the view justice. Replaced with full picture windows and sliding glass, it would transform both the apartment and the way that view is experienced; this is the single change most likely to change how the space feels day to day.
At the rear of the building is a second, covered terrace area with a little storage - a quieter, shaded counterpart to the sea-facing balcony, useful for laundry, bikes, or simply somewhere to sit out of the afternoon sun.
Allocated parking comes with the apartment, which in a small waterside building of this kind is a genuine bonus rather than a given. The building's shared facilities amount to the jetty itself, kept up through a modest homeowners' association fee of €200 a year; any larger capital works are agreed and funded jointly by the owners at an AGM as they arise.
The apartment has never been rented, so there is no trading history to point to - but the position argues for itself. This is a location that would suit a short-let strategy aimed at the sailing and Lustica Bay crowd, or an equally strong long-term rental, or simply a forever base by the water for an owner who wants the sea at the bottom of the stairs.
What Sets It Apart
Waterside apartments with direct, private jetty access are rare in Tivat municipality at any price, and almost unheard of at 175,000 EUR. Most comparable one-beds in this bracket are set back from the water, in larger blocks with no private mooring point and no comparable outlook. Here, the building itself sits on the shore, shared by only eight owners, with a view that takes in an island, a church with five centuries of history, and the open bay beyond. The apartment needs updating; the position does not and never will.
Buyer Lens
A buyer looking for a low-maintenance waterside base - for personal use, as a short-let investment aimed at the Lustica Bay and sailing market, or as a long-term let - who is comfortable putting modest capital into cosmetic updating in exchange for a location that cannot be replicated. Less suited to a buyer wanting a fully turnkey finish from day one.
Local Amenities
Zukovac sits on the coast road linking Tivat town to Radovici and the Lustica peninsula, a quiet stretch of waterside building plots and small apartment blocks rather than a village centre in its own right. It functions as an extension of two larger hubs: Tivat itself to the north, with its marina, restaurants and airport, and Radovi i to the south, the gateway to Lustica Bay. Living here means a short walk to a handful of genuinely good local restaurants and a very short drive to full supermarkets, pharmacies, dental and medical care, and the resort infrastructure of Lustica Bay.
On foot
* Maestral restaurant and apartments, waterside: ~630m / 8 min
* Market Slavica (grocery, Djuraševi ): ~800m / 10 min
* Vino Santo, seafood restaurant on the stone quay at Krtoli: ~1km / 12 min
* Pomodorino, highly rated local pizzeria (Radovi i): ~1.2km / 15 min
Medical
* Ambulanta Radovi i (state GP surgery): ~1.3km / 3 min drive
* Dental Perosevic (dental clinic, Radovi i): ~1.4km
* Apoteka Lustica / Medicor Pharmacy, Lustica Centrale: ~1.6-1.8km
* Tivat Health Centre (hospital): ~4km / 9 min
Schools
* New state primary school: under construction in Radovi i
* Existing state primary: Tivat, ~4km / 9 min
* International school: planned within the Lustica Bay development
By car
* Voli supermarket, Radovi i (recently refurbished): 2.2km / 5 min
* Lustica Bay Centrale (piazza, shops, restaurants): 2.5km / 6 min
* Lustica Bay Golf Course: 3km / 8 min
* Lustica Bay Marina Village (Chedi hotel, marina, promenade): 3.9km / 8 min
* Tivat Airport (TIV): 8.4km / 11 min
* Kotor Old Town: 10km / 15 min
* Porto Montenegro: 12km / 21 min
* Podgorica Airport (TGD): 82km / approx. 1hr 43min
* Dubrovnik Airport (DBV): 59km / approx. 2hr, border crossing dependent - allow extra time in season
Public transport
The Blue Line bus service runs along the coast road connecting Radovi i and the surrounding villages to Tivat town centre; journey approximately 15-20 minutes, cash fare at the driver.
Agent's Honest Take
I've watched the water's edge in this bay become harder and harder to buy into over twenty years, and this is one of the last places where €175,000 still gets you onto it directly, with your own jetty and a boat's-length view of an island with a church older than most countries. The apartment itself needs work - new floors, a new kitchen and bathroom, and those balcony windows replaced properly - but none of it is expensive relative to what it unlocks. We featured this property in our latest "Location, Location, Location" video for exactly this reason: the position is the case, and it's one that gets harder to make every year the bay fills in behind it.
NT Realty is a boutique real estate agency based in Tivat, Montenegro. Founded by Peter Flynn, who first came to the Bay of Kotor in 2005 as a property investor and has since built businesses across real estate development, architecture, and interior design, the agency is run alongside Maša Flynn - architect and former Head of Design at Porto Montenegro, where she delivered over €60 million of projects on time and on budget. Between them they bring a depth of local market knowledge that is difficult to find elsewhere in the region.
The team specialises in properties for sale and long-term rentals across the Bay of Kotor, Tivat Bay, and the Luštica Peninsula - from Porto Montenegro and Luštica Bay to private homes throughout the wider region. Our job is to guide buyers, sellers, and tenants through the process clearly, honestly, and without unnecessary complexity.
The thing that cannot be replicated about this apartment is where it sits. Step out of the building, down a handful of steps under the road, and you are on a jetty shared by just eight apartments, with the bay open in front of you and Sveti Marko Island and the small church of Gospa od Milosti directly across the water. It is roughly 1.5 nautical miles to Porto Montenegro by tender - close enough that a boat, rather than a car, becomes a genuine way to get around.
The apartment itself is straightforward and honest about what it is: a one-bedroom, one-bathroom flat of 43m², fully furnished, with terracotta floors and white walls throughout. It was last refurbished around twenty years ago and it shows - this is a property that wants new floors, a new kitchen, and a new bathroom, and would reward that investment considerably given what sits outside the window. None of that work is structural or extensive; it is cosmetic, and the returns on it here are unusually high.
The bedroom is a reasonable size, the bathroom good-sized, and the small kitchen opens into a compact living space that leads onto the balcony. That balcony is currently enclosed with older, temporary-style glazing - functional, but not doing the view justice. Replaced with full picture windows and sliding glass, it would transform both the apartment and the way that view is experienced; this is the single change most likely to change how the space feels day to day.
At the rear of the building is a second, covered terrace area with a little storage - a quieter, shaded counterpart to the sea-facing balcony, useful for laundry, bikes, or simply somewhere to sit out of the afternoon sun.
Allocated parking comes with the apartment, which in a small waterside building of this kind is a genuine bonus rather than a given. The building's shared facilities amount to the jetty itself, kept up through a modest homeowners' association fee of €200 a year; any larger capital works are agreed and funded jointly by the owners at an AGM as they arise.
The apartment has never been rented, so there is no trading history to point to - but the position argues for itself. This is a location that would suit a short-let strategy aimed at the sailing and Lustica Bay crowd, or an equally strong long-term rental, or simply a forever base by the water for an owner who wants the sea at the bottom of the stairs.
What Sets It Apart
Waterside apartments with direct, private jetty access are rare in Tivat municipality at any price, and almost unheard of at 175,000 EUR. Most comparable one-beds in this bracket are set back from the water, in larger blocks with no private mooring point and no comparable outlook. Here, the building itself sits on the shore, shared by only eight owners, with a view that takes in an island, a church with five centuries of history, and the open bay beyond. The apartment needs updating; the position does not and never will.
Buyer Lens
A buyer looking for a low-maintenance waterside base - for personal use, as a short-let investment aimed at the Lustica Bay and sailing market, or as a long-term let - who is comfortable putting modest capital into cosmetic updating in exchange for a location that cannot be replicated. Less suited to a buyer wanting a fully turnkey finish from day one.
Local Amenities
Zukovac sits on the coast road linking Tivat town to Radovici and the Lustica peninsula, a quiet stretch of waterside building plots and small apartment blocks rather than a village centre in its own right. It functions as an extension of two larger hubs: Tivat itself to the north, with its marina, restaurants and airport, and Radovi i to the south, the gateway to Lustica Bay. Living here means a short walk to a handful of genuinely good local restaurants and a very short drive to full supermarkets, pharmacies, dental and medical care, and the resort infrastructure of Lustica Bay.
On foot
* Maestral restaurant and apartments, waterside: ~630m / 8 min
* Market Slavica (grocery, Djuraševi ): ~800m / 10 min
* Vino Santo, seafood restaurant on the stone quay at Krtoli: ~1km / 12 min
* Pomodorino, highly rated local pizzeria (Radovi i): ~1.2km / 15 min
Medical
* Ambulanta Radovi i (state GP surgery): ~1.3km / 3 min drive
* Dental Perosevic (dental clinic, Radovi i): ~1.4km
* Apoteka Lustica / Medicor Pharmacy, Lustica Centrale: ~1.6-1.8km
* Tivat Health Centre (hospital): ~4km / 9 min
Schools
* New state primary school: under construction in Radovi i
* Existing state primary: Tivat, ~4km / 9 min
* International school: planned within the Lustica Bay development
By car
* Voli supermarket, Radovi i (recently refurbished): 2.2km / 5 min
* Lustica Bay Centrale (piazza, shops, restaurants): 2.5km / 6 min
* Lustica Bay Golf Course: 3km / 8 min
* Lustica Bay Marina Village (Chedi hotel, marina, promenade): 3.9km / 8 min
* Tivat Airport (TIV): 8.4km / 11 min
* Kotor Old Town: 10km / 15 min
* Porto Montenegro: 12km / 21 min
* Podgorica Airport (TGD): 82km / approx. 1hr 43min
* Dubrovnik Airport (DBV): 59km / approx. 2hr, border crossing dependent - allow extra time in season
Public transport
The Blue Line bus service runs along the coast road connecting Radovi i and the surrounding villages to Tivat town centre; journey approximately 15-20 minutes, cash fare at the driver.
Agent's Honest Take
I've watched the water's edge in this bay become harder and harder to buy into over twenty years, and this is one of the last places where €175,000 still gets you onto it directly, with your own jetty and a boat's-length view of an island with a church older than most countries. The apartment itself needs work - new floors, a new kitchen and bathroom, and those balcony windows replaced properly - but none of it is expensive relative to what it unlocks. We featured this property in our latest "Location, Location, Location" video for exactly this reason: the position is the case, and it's one that gets harder to make every year the bay fills in behind it.
NT Realty is a boutique real estate agency based in Tivat, Montenegro. Founded by Peter Flynn, who first came to the Bay of Kotor in 2005 as a property investor and has since built businesses across real estate development, architecture, and interior design, the agency is run alongside Maša Flynn - architect and former Head of Design at Porto Montenegro, where she delivered over €60 million of projects on time and on budget. Between them they bring a depth of local market knowledge that is difficult to find elsewhere in the region.
The team specialises in properties for sale and long-term rentals across the Bay of Kotor, Tivat Bay, and the Luštica Peninsula - from Porto Montenegro and Luštica Bay to private homes throughout the wider region. Our job is to guide buyers, sellers, and tenants through the process clearly, honestly, and without unnecessary complexity.
Tivat, Montenegro
NEAREST AIRPORTS
Distances are straight line measurements- Tivat(International)1.9 miles
- Podgorica(International)31.0 miles
Notes
These notes are private, only you can see them.
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