Historic Peninsula Estate, Reževići

On a private peninsula at Reževići, four kilometres from Petrovac, this stone estate has stood above the Adriatic for centuries. The coastline here is steep and shaded by old pines, and the house sits well apart from the resort building that has filled much of the Budva Riviera. What it offers is rare on this coast: an old house, its own water, and quiet. It is offered at €8,900,000.

The Residence

The main house holds 200 square metres across two en-suite bedrooms, a living and dining room, and a kitchen built to order, on a plot of 1,200 square metres. The thick stone walls and exposed beams are original. The fittings are not. Onyx in the bathrooms, marble in the kitchen, and a climate and water system quiet enough to forget. The restoration kept the character of the house and brought it up to standard without arguing with it.

Suites in the Bedrock

Two further en-suite rooms are cut into the rock of the peninsula itself. They sit below and apart from the main house, which gives guests real privacy and gives the property an unusual texture: stone worked by hand into the hillside, there to touch. It is the detail that sets this estate apart from the newer villas along the coast.

Terraces and Water

Seven terraces step down through the pines toward the sea. Each has its own use, from a shaded corner to read in to a table laid for dinner as the light goes. At the foot of the garden there is a private dock and a deck, and from there the water is a step away.

Reževići and the Budva Riviera

Reževići is a quiet stretch of the Budva Riviera between Petrovac and Sveti Stefan, known for its medieval monastery and its pine-covered slopes. Petrovac and its beaches are four kilometres away. Budva, Sveti Stefan and the marinas at Porto Montenegro and Luštica Bay are all within a short drive, as is Tivat airport. The setting is private without being remote.

Features at a Glance

• Four bedrooms, five bathrooms, 200 m² interior on a 1,200 m² plot
• Private peninsula with direct Adriatic frontage
• Centuries-old stone house, fully restored
• Two en-suite suites cut into the bedrock
• Seven terraces stepping through pines to the water
• Private dock and waterfront deck
• Onyx bathrooms, marble kitchen, discreet climate and water systems
• Four kilometres from Petrovac, short drive to Budva and Tivat

The Market Case

Historic seafront land does not grow the way new build does, and on this coast it rarely comes to market at all. Montenegro's coastal prices have climbed roughly 15 percent since 2023, with foreign buyers accounting for around two thirds of purchases. The country uses the euro, allows non-residents to own outright, and is targeting EU accession around 2028. Buyers point to Croatia, where Dalmatian coastal values rose sharply in the years before its 2013 accession. An estate of this kind, on a private peninsula with its own water, sits in the part of the market least exposed to new supply.

Buying Through Barok Montenegro Private Office

Barok Montenegro Private Office represents the estate privately. Montenegro is largely a cash market for foreign buyers, and a historic property of this kind needs careful legal and title work. We manage the viewing, the negotiation, the legal coordination and the cross-border mechanics, through to completion. Ownership at this level also qualifies for residency by investment, which begins at €200,000.

Arrange a Private Viewing

The estate is offered at €8,900,000. To arrange a private viewing, review the title and restoration history, or discuss the purchase in confidence, contact Barok Montenegro Private Office.