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Lustica Bay

Lustica is developing a fully integrated, self-sufficient and luxury touristic destination, Lustica Bay, on the Montenegrin Adriatic coast with a commitment to creating and operating a healthy and sustainable resort environment, whereby economic, ecologic, and social aspects are balanced in the framework of every decision making process.

The Project

Lustica is conducting the development on a land bank of 6.9 million m2, acquired through a long term Lease and Development Agreement signed with the Government of Montenegro and the Municipality of Tivat. The lease term is 90 years, with the option of extension to further lease periods. After the concept plan stage, the site was then studied in greater detail to develop product massing throughout each land use zone and to establish circulation access and connections.

The masterplan includes the following project components: residential apartments, villas and town homes, 270 branded residential units, 7 hotels, with an operating capacity of 1,200 keys, 2 marinas, with an operating capacity of 226 berths, 18-hole championship golf Course (Gary Player Signature Course), wellness and SPA centers, 4 km of boardwalk and swimming platforms, shops, casinos, restaurants, bars, community center, including medical clinic, schools and civil defense facilities.

Lustica started the first construction works in September 2013. In less than two years, Lustica is now an operating destination and emerging new town, with the following progress having been achieved:

First two buildings clusters (10 buildings comprising 70 apartments) have been fully finished and delivered in August 2015 The foundation of the next two buildings clusters has been started, with planned completion dates in Q4 2016 and Q2 2017. The main design of the first Villas Cluster has been finalized, with a planned construction completion during Q2, 2017. 80% of the main marina works have been completed, with an expected operating date of March 2017. Excavation works for the Golf Course, with a construction permit obtained (the first Golf Course permit in Montenegro) and the design works for the first Hotel are done, with an expected operating date of summer, 2017 for the first phase and the rest by summer, 2018.


The Aman Sveti Stefan resort has 58 guest rooms, cottages and suites, including 8 suites that are part of the Villa Miločer. The Villa Miločer, which was built between 1934 and 1936 was the summer residence of Queen Marija Karadordevic (1900–1961). Out of the eight suites of Villa Miločer two are Queen Marija Suites forming an annex structure. Each of the two suites cover 125 square metres (1,350 sq ft) with a bedroom, bathroom, living room and dining room. These are grand suites which are larger, with Juliet balconies, and are decorated in cream and brown shades, with leather upholstery, silks and woolen rugs. All other rooms are also elegantly decorated in a double storied layout providing views of the ocean from the first floor room; the living room and bedroom have fireplaces.

Every room, cottage and suite on the island is said to be different, but retain the ambiance of the historic village with preserving the original walls and using traditional doors and windows. The bathrooms of the suites contain free-standing bathtubs and parquet and antico stone floors.The Cliff Pool overlooks the Adriatic and another swimming pool and terrace is being built on the south side of the island.

The main dining of the resort on the island of Sveti Stefan is The Piazza, an open-air square in the heart of the island’s village which includes the Taverna, Enoteca, Pasticceria, and an Antipasti Bar and a Cigar Room. The Taverna serves straightforward Continental and American breakfasts and fresh and pastoral Mediterranean dishes for lunch and dinner. The Enoteca, is located on a terrace facing the sea with cellar-like interiors and sells al fresco tapas and drinks. The Pasticceria (bakery) serves traditional pastries for breakfast and lunch. The Antipasti Bar generally comes into use in early evenings and the Cigar Room, with rich wood and leather furnishings, serves selection of fine Cuban cigars and rare spirits. The three main dining venues on the mainland part of the resort are the Queen’s Chair, serving Pan-Adriatic – Italian cuisine and overlooking the Bay of Budva, the Olive Restaurant, overlooking the beach, which serves a range of cut-to-order meats and seafood prepared on two signature wood-fired grills and an olive-wood-fired rotisserie and the Beach Café, in an alfresco setting, flanked by shady cypress trees and century-old olive groves.

Inside the Villa Miločer, the Dining Room, overlooking the Miločer Beach, with its seven-table dining space and grand open fireplace, is open for breakfast, lunch and dinner, as is the Loggia, with its colonnade, and the Living Room which serves locally caught seafood and produce.

Additional Information

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