There is a peninsula above the UNESCO-protected Bay of Kotor where a $1.5 billion resort has been quietly taking shape for over a decade. It has a Forbes Travel Guide Four-Star hotel, a 115-berth marina, a village of restaurants and boutiques, private beaches, and a Gary Player-designed golf course carved into cliffs above the Adriatic. It has residents from 50 countries. It has sold nearly all of its first residential neighborhoods. And until recently, almost nobody in the luxury travel world was talking about it.
TL;DR: Luštica Bay is Montenegro's most compelling luxury destination — a masterplanned resort on a 7km stretch of Adriatic coastline, anchored by The Chedi Luštica Bay (Forbes Travel Guide Four-Star), a 115-berth marina, and a growing community of international residents. The newest release, The Peaks Townhouses, launches 11 golf-side residences from €2.2 million overlooking a Gary Player-designed course with sea views from every hole. As a travel destination, it's the best answer in the Adriatic to the question: where hasn't everyone already been?
Why Montenegro, and why now?
Montenegro has been on the periphery of the luxury travel conversation for years — consistently named in trend forecasts, consistently overlooked in favor of Croatia, Greece, and Italy. The reasons are understandable: the infrastructure took time, the flight connections were limited, and the resort-quality accommodation simply wasn't there yet. In 2026, those objections are gone.
Tivat Airport, 20 minutes from Luštica Bay, now has direct connections from London, Paris, Frankfurt, Amsterdam, Vienna, Istanbul, and Dubai. The drive from Dubrovnik Airport is under two hours along one of the most scenic coastal roads in the Mediterranean. And Luštica Bay itself — which has absorbed €400 million in investment from Orascom Development — is now operating at a standard that requires no qualification. This is not a promising development. It is a finished one, with more coming.
What Luštica Bay is like on the ground
The resort is organized around three neighborhoods, each with its own character. Marina Village is the heart — a waterfront promenade of restaurants, boutiques, and the 115-berth marina, designed to evoke a traditional Montenegrin fishing village but built entirely new. The architecture uses local stone, terracotta rooftops, and narrow lanes that feel genuinely lived-in rather than themed. Over 700 families from more than 50 countries now call Luštica Bay home, and the village reflects that: this is a functioning community, not a holiday set.
Centrale sits above Marina Village — an urban piazza anchored by sports courts (tennis, padel, basketball, beach volleyball), essential amenities, and a growing dining scene. And above everything, at the highest point of the peninsula, is The Peaks — where the Gary Player golf course is taking shape and where the resort's most elevated residential addresses look out over both the Adriatic and the Bay of Kotor simultaneously.
The anchor hotel is The Chedi Luštica Bay, a Forbes Travel Guide Four-Star property on the marina. The Chedi's dining program includes The Spot, a stylish all-day brasserie on the marina promenade, and The Japanese, an elegant dining room that holds its own against comparable properties in Monaco or Mykonos. The hotel's spa and indoor pool make it viable year-round in a way that most Adriatic properties are not.
What's new in 2026 — The Peaks Townhouses
The latest release at Luštica Bay is a collection of 11 townhouses at The Peaks — positioned on the peninsula's highest ground, overlooking the fifth hole of the Gary Player course and with unobstructed views down to the Bay of Kotor. They are the most considered product Luštica Bay has released to date.
Each townhouse has three en-suite bedrooms across two levels, with a clean distinction between social and private space. The design language is warm and earthy — natural stone, wide-plank flooring, expansive glazing with double-height ceilings that frame the view rather than compete with it. Every residence includes a private pool. Select units have green-roof terraces accessible from the master bedroom. Gardens range from 184 to 590 square meters, with the largest plots exceeding 1,000 square meters.
The Gary Player course context matters here beyond the obvious amenity value. With sea views from every hole, a par-72 layout across 86 hectares of dramatic coastal gradient, and Gary Player's own assessment — "If I had to have a house on any golf course in the world, this would be my place" — The Peaks is not a golf community in the conventional sense. It is a clifftop address that happens to have one of the most extraordinary golf courses in Europe being built around it. First nine holes open this year; full 18-hole completion in 2028. Prices start from €2.2 million.
How does Luštica Bay compare to Croatia and Greece?
Croatia has Hvar and Dubrovnik — both excellent, both mobbed in summer, both increasingly expensive relative to what they deliver. Greece has its islands — also excellent, also crowded, also priced at a premium that now requires significant advance planning to navigate well. Montenegro offers the same Adriatic water, the same mountain-meets-sea drama, and the same quality of food and wine culture, with a fraction of the tourist density.
Luštica Bay's adjacency to the Bay of Kotor is a meaningful differentiator. Kotor is UNESCO-protected for good reason — the medieval walled city, the fjord-like bay, the ring of mountains — and having it as the backdrop to a resort of this caliber is not something you find elsewhere in the Adriatic. The Orient Express Venezia's Adriatic itinerary stops near Kotor specifically because the visual drama of arriving here by water is unmatched on the route. What Orient Express built in Venice, Luštica Bay is building on the water across from it.
What You Actually Want to Know
Where exactly is Luštica Bay?
On the Luštica Peninsula in Montenegro, bordering both the Adriatic Sea and the Bay of Kotor. The nearest airport is Tivat, 20 minutes away. Dubrovnik Airport is approximately 90 minutes by car.
What hotel should I stay at in Luštica Bay?
The Chedi Luštica Bay is the anchor hotel on the marina, holding a Forbes Travel Guide Four-Star rating. It is Forbes Travel Guide Four-Star and the only full-service luxury hotel currently operating on the resort. Additional hotels are planned as the development continues.
When is the best time to visit Montenegro?
May, June, and September are ideal — warm enough for the water, before and after the peak summer crowd. July and August are the most active months at Luštica Bay, with the marina at full capacity and the resort's events calendar running at full pace. The Chedi operates year-round.
Is Montenegro a viable luxury travel destination in 2026?
Yes — unambiguously. The infrastructure, the flight connections, the hotel quality, and the dining have all reached a standard that requires no compromise. Luštica Bay specifically is operating at a level comparable to the best resort destinations in Croatia and Greece, with considerably less competition for space.
What are The Peaks Townhouses at Luštica Bay?
A limited collection of 11 three-bedroom townhouses from €2.2 million, set at the highest point of the resort overlooking the Gary Player-designed golf course and the Bay of Kotor. First nine holes of the course open in 2026; full 18-hole completion in 2028. Owners have full course access plus all resort amenities.
Noon's advisors know this property and this destination. If Montenegro is on the list for 2026 — or if you're evaluating The Peaks as a residential investment alongside a travel stay — tell us where you want to go.
By Noon Travel Editors | April 7, 2026
Plan Your Next Journey
Work with a Noon Travel advisor for a trip that exceeds every expectation.
Get Started
