Pelinovo Residences
Radanovici, Bay of Kotor
A low-density residential village in the heart of the Bay of Kotor, surrounded by olive groves and mountains, minutes from Tivat and Kotor.
Project Highlights
Location
Radanovici, Kotor
Type
Residential village
Total units
~148
Buildings
12 (Ground + 2 floors)
Kotor Old Town
~8 km
Tivat Airport
~8 km
Beach
Plavi Horizonti ~10 km
Status
New development
Project Credentials
DEVELOPER
Residential development and construction company behind over 11,000 m² of luxury residences at Lustica Bay, including co-development of the Centrale neighbourhood as joint developer and investor.
LOCATION
Radanovici, Kotor
Central Bay of Kotor village with established infrastructure, schools, and daily amenities.
BUILDING SPEC
Premium finishes
First-class parquet flooring, walk-in showers, latest AC systems, thermal and sound insulation.
COMMUNITY
Village lifestyle
On-site kindergarten, gym, spa center, and EV charging. Low-density buildings with 12-15 units each.
Why This Opportunity Exists
A combination of location, livability, and accessible pricing creates a compelling entry point into Montenegro's Bay of Kotor market.
Gateway to the Bay of Kotor
Radanovici sits on the main road between Budva and Kotor, with Tivat Airport just 8 km away.
Accessible Entry Pricing
Starting from €2,700/m² for new-build quality - one of the most competitive price points in the Bay of Kotor.
Year-Round Community
Private kindergarten, gym, spa center, and a public school 150m away - designed for living, not just holidays.
Low-Density Village Living
Just 12–15 apartments per building, ground-plus-two floors, surrounded by olive groves and green space.
Residency Pathway
Property ownership in Montenegro can support a residency application. Learn more
Pricing Overview
Contact for current unit-level pricing and availability. Sizes shown are based on developer floor plans.
| Unit Type | Area | Price From | Total Units | Availability |
|---|---|---|---|---|
| Studio (T1) | 30–34 m² | €82,500 – €93,500 | 26 | Available |
| 1-Bedroom (T2) | 48–58 m² | €132,000 – €159,500 | 87 | Available |
| 2-Bedroom (T3) | 76–109 m² | €209,000 – €299,750 | 23 | Available |
| 1-Bedroom (T4) | 48–58 m² | €132,000 – €159,500 | 12 | Available |
Pelinovo offers 148 residential units across 12 buildings, with unit types ranging from studios to two-bedroom apartments. Contact for current pricing and availability.
Payment Structure
Three flexible payment plans tied to construction milestones. Choose the option that suits your timeline.
| Milestone | % | Timing |
|---|---|---|
| Contract signing | 30% | Within 20 days |
| Concrete completion | 30% | Upon completion |
| Installment 3 | 10% | 4 months after previous |
| Installment 4 | 10% | 4 months after previous |
| Installment 5 | 10% | 4 months after previous |
| Installment 6 | 10% | 4 months after previous |
30% on signing, 30% at concrete completion, then four quarterly installments of 10%. Price: €2,750/m².
On-Site Amenities
Designed for year-round living, not just seasonal visits.
Private Kindergarten
On-site childcare facility
Modern Gym
Fitness center for residents
Spa Center
Wellness and relaxation
EV Charging
Electric vehicle stations
Elevator Access
All buildings equipped
Parking
Sufficient parking spaces
Location
Kotor Old Town
8 km
Tivat Airport
8 km
Plavi Horizonti Beach
10 km
Lustica Bay Resort
11 km
Budva
14 km
Elementary School
150 m
Who This Works For
Relocation buyer
Looking for an affordable, family-friendly base in Montenegro with schools, green space, and year-round infrastructure nearby
Lifestyle buyer
Wanting a Mediterranean village setting with mountain views and easy access to both Tivat and Kotor
Entry-level investor
Seeking an accessible price point for new-build property in the Bay of Kotor with rental potential
Residency seeker
Using property ownership to support a Montenegro residency application with a practical, livable home
Considerations
Radanovici is an inland village without direct beach access. Buyers should be comfortable with a 10-15 minute drive to reach coastal beaches.
Detailed pricing and rental yield projections were not available at the time of listing. Buyers should request current pricing directly and conduct independent rental market research for the Bay of Kotor area.
Montenegro is an EU candidate country but not yet an EU member. Buyers should seek independent legal advice on property purchase and tax implications.
Follow the latest Montenegro market signals on my Insights page.
Ready to explore Pelinovo Residences?
Request the current availability sheet or chat with me on WhatsApp - I will be in touch within minutes.
Ana Pajkovic - Authorized sales partner for Pelinovo Residences
anapajkovic.com
Starting from
€82,500