360 m² Villa in Budva, Montenegro — €480,000
A three-story villa with a total area of 360 m² is for sale in Krimovica, Budva Municipality. Eight bedrooms, four bathrooms, eleven rooms. A 430 m² lot with a garden, a terrace with a pergola, a jacuzzi, and a wine salon. Distance to Jaz Beach — 1.5 km. The windows offer a sea view. Price — €480,000.
Location
Krimovica is a coastal village on the Budva Riviera, 8 km from Budva. Nearest beaches: Trsteno (800 m), Jaz (1.5 km), Ploce. Jaz Beach is one of the longest on the Montenegrin coast, with a length of about 1.2–1.5 km. In the past, concerts by world stars, including The Rolling Stones and Madonna, were held here. Tivat Airport is about 13 km away, and the centers of Tivat and Kotor are 15 km away.
About the Property
The villa is 360 m² over three floors, divided into three separate apartments of 120 m² each. First floor: an apartment with two bedrooms, an entry hall, a large living room, a bathroom, and a terrace. Second floor: a hallway, a living room, three bedrooms, a bathroom, and a terrace. Third floor: a hallway, three bedrooms, a living room with a kitchen, two bathrooms, and a terrace. All kitchens are fully equipped with stoves, refrigerators, ovens, microwaves, and dishwashers. Air conditioning is installed in all rooms. The furniture is new. On the first floor — a laundry room and a storage room. Window frames are metal-plastic.
In the Complex
On the 430 m² lot — a garden with lemons and herbs, a terrace with a pergola, a jacuzzi, and a wine salon. A pool can be installed. The surroundings consist of villas and private houses. An open sea view that will not be blocked by future development.
Price and Costs
- Price — €480,000.
- Price per square meter — €1,333.
When purchasing secondary real estate in Montenegro in 2026, a progressive property transfer tax applies. Rates: up to €150,000 — 3%; from €150,000 to €500,000 — 5% on the amount within this range. For a property valued at €480,000, the tax will be: 3% of €150,000 = €4,500, plus 5% of €330,000 = €16,500. Total — €21,000. The tax base is determined based on the transaction price, and the tax authority has the right to use its own assessed value if the declared price does not correspond to it.
Notary fees and registration fees are additionally payable. Total closing costs typically amount to 3–4% of the property price.
The final transaction amount, including all fees, is calculated individually and disclosed before the contract is signed.
Annual expenses: property tax — base rate from 0.25% to 1% of the property value, depending on the municipality, purpose, and characteristics. For a primary residence, the tax is reduced by 20%, plus 10% for each family member, but not more than 50%. The tourist tax (turistička taksa) applies to a second home in a resort zone; for foreigners, even to a first home if there is no permanent residence status. Rental income tax — 15% of 70% of revenue.
Ownership Structure and Transaction Format
Form of ownership — freehold. Foreigners have the right to buy and sell real estate in Montenegro, rent it out, and pass it on by inheritance. Transaction procedure: price negotiation, title check in the cadastre, signing of a preliminary agreement, notarization, payment of the transfer tax, and registration with the Real Estate Administration. Online viewings and remote execution via power of attorney are possible. Support languages — Montenegrin, English, Russian.
If You Are Considering It as an Investment
The seller classifies the property under the temporary residency-by-investment program. In 2026, the minimum investment threshold for applying for temporary residence is €150,000 in registered real estate. The property price (€480,000) exceeds the threshold. The question of whether the program conditions comply as of the transaction date is noted in the service footer.
The Montenegro real estate market in 2026 shows resilience: coastal regions show annual price growth, and rental yields in coastal «hot spots» range from 4.5–7.1%. A villa with three separate apartments can be used both for personal living and for rental in parts. No data on stated yields is available in the source.
This Is a Good Fit For
— Those seeking a spacious house with a sea view 1.5 km from Jaz Beach.
— Buyers planning to use the property to obtain temporary residence (threshold €150,000).
— Investors considering a purchase for rental — three separate apartments allow flexible income management.
This May Not Be a Good Fit For
— If you need front-line sea property — the beach is 1.5 km away.
— If the budget does not account for the annual property tax and the tourist tax for foreigners.
— If you are not prepared for additional transaction costs (progressive tax of €21,000).
— If you need a property with a pool — a pool can be installed, but the source does not list one as existing.
What to Know Before the Transaction
The villa is divided into three separate apartments, which provides flexibility in use but requires a title check and verification of each apartment's status in the cadastre. The garden with lemons and herbs requires regular upkeep. The jacuzzi and wine salon are additional features whose condition should be checked during the viewing. In season, the Budva Riviera is in high demand among tourists, and Jaz Beach can be crowded. For foreigners, the tourist tax applies even to a first home in a resort zone if there is no permanent residence status. When purchasing for residency purposes, make sure the property is registered in your name and meets the €150,000 threshold.
How to View and Buy
Write to us with your travel plans and budget range. A Discount House manager will confirm the property's availability, send a full breakdown of transaction costs, and suggest alternatives in the same area. Viewings in person or by video. Response within 30 minutes.