luxury property with panoramic view for sale Herceg Novi, Montenegro

Set in the exclusive village of Krstac, Reževici, this extraordinary private estate represents one of the most distinctive luxury properties on the Budva Riviera. Occupying a total of 7,138 m2, the property combines an impressive contemporary villa, magnificent mature Mediterranean gardens, a heated infinity pool, additional urbanized land with development potential, and a separate traditional stone house. Its elevated position provides exceptional, unobstructed panoramic views across the Adriatic Sea, Budva coastline and surrounding mountains, while four different beaches can be reached within approximately five minutes. Despite its excellent connectivity, the estate enjoys remarkable privacy and a feeling of complete seclusion. The principal residence is set within 2,550 m2 of private grounds and offers approximately 805 m2 of interior space. Together with the pool area, covered pool house, terraces, rooftop areas, marble walkways, garage, parking and technical facilities, the main estate comprises approximately 1,455 m2 of gross built area. Contemporary architecture is complemented by hand-cut natural stone, marble, hardwood Wenge flooring and carefully selected finishes, creating a sophisticated home that feels both luxurious and connected to its Mediterranean surroundings. The ground floor is designed around generous spaces for everyday living and entertaining. A grand reception room with high windows frames spectacular sea views and opens towards expansive terraces and patios. There is also a dedicated TV room, formal dining room, separate everyday dining area opening onto a large covered terrace, and an additional multifunctional room suitable for a library, billiard room or private cinema. The sophisticated Bulthaup kitchen is fitted with semi-professional Gaggenau appliances and complemented by a pantry and dedicated laundry room. The first floor is dedicated to an impressive master suite, including an approximately 40 m2 marble bathroom with jacuzzi, walk-in wardrobe and private bedroom area opening towards expansive sea-view terraces. The second floor accommodates two junior suites, each with its own dressing area and spacious modern bathroom, together with an additional bedroom. A large panoramic rooftop terrace crowns the residence, creating another exceptional place from which to enjoy the Adriatic landscape. In total, the main residence offers four bedrooms, three bathrooms, six toilets and an additional shower. One of the defining features of the estate is its spectacular 50 m2 heated infinity pool, finished in premium Italian black mosaic and equipped with an advanced UV and ozone water-treatment system. Elegant marble terraces surround the pool, while the adjacent covered pool house—with its own shower and toilet—can serve as a private gym, wellness and relaxation area, summer dining room or entertainment lounge. The outdoor areas are equally impressive. Mature landscaped gardens unfold across several cascading levels and contain hundreds of Mediterranean plants, olive and fruit trees, bamboo and established greenery. Approximately 800 metres of private walking trails connect different parts of the estate, creating the atmosphere of a secluded Mediterranean park rather than a conventional residential property. Numerous terraces and shaded outdoor areas provide beautiful settings for dining, entertaining or simply enjoying the panoramic sea views in complete privacy. The residence is offered with an exceptional collection of furniture and decorative pieces from renowned brands including Poliform, Knoll, Maxalto, MDF, Flexform and Giorgetti, complemented by Murano chandeliers, original artworks, oriental carpets, antiques and custom cabinetry crafted from Wenge and Oregon wood. Technical specifications include ventilated double-facade walls for enhanced thermal insulation, Stucco Veneziano wall finishes, a backup electric generator and dedicated cisterns for drinking water and rainwater collection. A secure enclosed garage accommodates two vehicles, with additional outdoor parking for four cars. A particularly valuable aspect of this property is the 3,905 m2 adjacent construction plot, currently integrated into the estate as an extension of its landscaped gardens. The land already has Urban Technical Conditions (UTU) permitting the construction of three additional villas with a combined gross area of 1,027 m2, configured as basement + ground floor + first floor. This gives the future owner considerable flexibility: the additional villas could become private residences for family and guests, form part of an exclusive hospitality concept, or be developed individually for resale. The land borders the main Adriatic road, providing convenient connections towards Budva, Petrovac and Bar, while retaining the privacy and greenery of the estate. Completing the property is a charming independent stone house positioned on its own 683 m2 plot. The 165 m2 residence includes an open-plan kitchen, cosy living room with stove, three bedrooms and two bathrooms. Two additional annexes of 23 m2 and 44 m2 provide useful space for storage, a workshop or other purposes. Surrounded by private terraces and fruit trees, the stone house enjoys its own beautiful sea and coastline views and could serve perfectly as an independent guest residence, staff accommodation or an additional rental property. Reževici is one of the most attractive areas of the Montenegrin coast, appreciated for its dramatic landscape, traditional stone architecture, Mediterranean vegetation and proximity to some of the finest beaches of the Budva Riviera. What makes this property particularly exceptional is its scale and versatility. It combines the privacy and lifestyle of a substantial private residence with significant additional development potential, while the separate traditional stone house adds another dimension to the estate. For a future owner, the property could remain an extraordinary private family compound or evolve into a collection of luxury residences or an exclusive hospitality and retreat concept. A truly rare opportunity to acquire a substantial Mediterranean estate with panoramic Adriatic views, established gardens and future development potential in one of the most desirable locations on the Montenegrin coast. Contact us for further information or to arrange a private viewing. Property features * Air-conditioning * Close to Tivat airport * Excellent location * Furnished * Mountain view * Parking * Peaceful area * Swimming Pool * Tourism