Penthouse in Budva, Montenegro — 146 m² + 150 m² Terraces, Panoramic Sea View, New 2024

This penthouse in Budva, Montenegro occupies the top floor of a new 2024 residential building in Dubovica — a residential zone east of Budva centre, between the city and Bečići beach — with direct panoramic sea views, 146 m² of living space, and 150 m² of terraces across two levels. Two garage spaces are included in the price. The apartment is delivered without furniture, giving the buyer complete freedom to design and fit out the interior to their own specification — a blank canvas in an architecturally strong shell with panoramic floor-to-ceiling windows and direct terrace access from the living room. This is a rare format on the Budva residential market: three-bedroom penthouses with over 150 m² of outdoor space in a new building do not come to market frequently.

The layout consists of a corridor entrance, master bedroom, two separate bedrooms, a bathroom with shower, and a spacious open-plan living room with kitchen that opens directly onto the main terrace. Floor-to-ceiling panoramic windows flood every room with natural light and frame an unobstructed sea view across the Budva Riviera. For a buyer seeking a premium lifestyle property or a high-yield short-term rental asset — to be furnished and positioned in Budva’s top rental tier — this penthouse in Budva, Montenegro represents one of the most capable entry points currently available on the market. View all properties for sale in Budva and all new build properties in Montenegro.

Location — Dubovica, Budva

Dubovica is a quiet residential area immediately east of Budva centre, positioned between the city and the Bečići–Rafailovići resort strip — offering direct proximity to Budva’s infrastructure while sitting outside the peak summer noise of the Old Town zone. Key distances from this penthouse:

• Adriatic Sea — 1,000 m (12 min walk)
• Budva Old Town (Stari Grad) and City Beach (Gradska plaža) — 1.5 km (5 min drive)
• Bečići beach — 2 km (5 min drive)
• Rafailovići beach — 3 km (6 min drive)
• Sveti Stefan island — 6 km (10 min drive)
• Jaz Beach — 8 km (12 min drive)
• Tivat Airport and Porto Montenegro — 25 km (20 min drive)
• Podgorica International Airport — 65 km (55 min drive)

Penthouse Features — Penthouse Budva, Montenegro

• Living Area: 146 m²
• Terraces: 150 m² total — 130 m² roof terrace + 20 m² additional terrace
• Bedrooms: 3 (master bedroom + 2 separate bedrooms)
• Bathrooms: 2
• Layout: Corridor, master bedroom, 2 bedrooms, bathroom with shower, open-plan living room + kitchen with direct terrace exit
• Windows: Panoramic floor-to-ceiling throughout
• Sea view: Direct, panoramic — Budva Riviera
• Floor: Penthouse — top floor of building
• Building year: 2024 — new construction
• Garage: 2 spaces — included in purchase price
• Furnishing: Unfurnished — shell finish; buyer designs interior
• Infrastructure: Mains water, city sewage connection
• Distance to sea: 1,000 m
• Location: Dubovica, Budva — between city centre and Bečići

Investment Potential — Penthouse in Budva, Montenegro

A penthouse in Budva, Montenegro with 150 m² of terraces and panoramic sea views in a 2024 building targets the absolute top of the Budva short-term rental market — the segment where guests pay premium rates specifically for spatial scale, private outdoor volume, and architectural quality that no standard apartment can replicate. Two garages included in the price remove the most common friction point for premium Budva property: parking scarcity in peak season. The unfurnished delivery is a genuine advantage for the discerning buyer — it allows high-spec bespoke interior design that positions the rental at the highest nightly rate tier from the first booking. Key investment points:

• 150 m² of terraces — the decisive filter for premium short-term rental guests: groups, families, and extended-stay guests who require private outdoor scale unavailable in standard apartments
• Panoramic floor-to-ceiling windows create a visual signature that drives platform performance on Airbnb and Booking.com at the premium tier
• Unfurnished delivery: buyer controls interior concept and finish level — a high-spec bespoke interior justifies nightly rates of €500–€1,200+ for a 3-bedroom Budva penthouse in July–August
• Two garage spaces included — a scarcity asset in peak-season Budva; also a strong differentiator for long-term tenants
• New 2024 construction: full documentation, clean title, no legalization risk, no deferred maintenance
• Dubovica location — outside Old Town noise while maintaining immediate access to Budva’s beach and entertainment infrastructure
• Montenegro EU accession target 2028: Budva Riviera premium property positioned for the sharpest post-accession price realignment; 30–40% appreciation projected post-accession

Read our Montenegro investment guide, EU accession property analysis, and Budva real estate guide for full market context.

How to Buy — Guide for Foreign Buyers

Foreign nationals purchase property in Montenegro with full ownership rights and no restrictions. New construction purchases follow the standard process: preliminary contract, notary due diligence, final purchase contract, Land Registry registration — typically 4–8 weeks. The two garage spaces are included in the title and transfer with the apartment as a single purchase. Read our complete guide for foreign buyers or the step-by-step buying guide. For certified notaries, see the official Notary Chamber of Montenegro.

Frequently Asked Questions — Penthouse in Budva, Montenegro

What makes this penthouse in Budva, Montenegro rare on the market?

Three factors are uncommon in combination: 150 m² of terrace space in a new 2024 building, direct panoramic sea view, and two garage spaces included in the price — all in Montenegro’s highest-demand coastal city. Three-bedroom top-floor units with this outdoor volume in a new Budva building represent a small fraction of total listings. The unfurnished delivery adds a fourth rarity: the buyer has full interior design freedom rather than inheriting a developer-standard fit-out.

The apartment is unfurnished — what does that mean for rental?

An unfurnished penthouse in Budva requires a furnishing investment before generating rental income — typically €30,000–€80,000 for a premium 3-bedroom fit-out depending on specification. The advantage is direct control over the interior concept and quality level. A bespoke high-spec interior — designed around the panoramic windows, terrace scale, and sea view — commands nightly rates of €500–€1,200+ in July–August at the Budva premium tier, versus €200–€350 for a standard developer-furnished apartment of similar size.

What rental income can a penthouse in Budva achieve?

A furnished 3-bedroom penthouse in Budva with sea view and 150 m² of terraces targets nightly rates of €500–€1,200 in peak season (July–August), with occupancy consistently above 80% for well-presented premium properties. Year-round monthly rental to a long-term tenant ranges from €2,500–€4,500 depending on finish level and lease terms. Annual gross yield for a high-spec furnished penthouse in Budva typically ranges from 6–9%.

Can foreigners buy a penthouse in Budva, Montenegro?

Yes. Foreign nationals — including non-EU citizens — have the same property ownership rights as Montenegrin citizens. No restrictions, no local partner, no minimum investment. The penthouse and both garage spaces register in the buyer’s name at the Land Registry within 4–8 weeks of signing the preliminary contract. Montenegro Estates charges 0% buyer commission.

What are the total purchase costs beyond the asking price?

Budget 3–4% above the purchase price: 3% property transfer tax paid once at Land Registry registration, approximately 0.1% notary fee, and €500–€1,500 for independent legal due diligence. The two garage spaces are included in the purchase price — no separate acquisition cost. Montenegro Estates charges 0% commission to buyers.

Can I get residency by purchasing this penthouse?

Yes. Any property purchase in Montenegro qualifies the buyer for a Temporary Residence Permit, renewable annually. There is no minimum purchase price. Full details in our Montenegro residency via real estate guide.

Where is Dubovica and how does it compare to central Budva for this type of property?

Dubovica is a residential zone east of Budva centre, between the Old Town and the Bečići–Rafailovići resort strip — 1 km from the sea and 5 minutes by car from Budva’s beaches and nightlife. For a penthouse at this price level, Dubovica’s position outside the Old Town noise zone is a strong advantage: premium rental guests paying €500+ per night prefer a quieter setting with sea views over being inside the summer tourist concentration. See our Budva real estate guide for full neighbourhood detail.

More Properties in Budva and Montenegro

View all properties for sale in Budva, browse new build properties in Montenegro, explore all apartments across Montenegro, or read our Montenegro real estate investment guide.

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