A 19th-Century Stone Villa on Montenegro’s Coast
$1.8 MILLION (1.5 MILLION EUROS)
This semidetached, four-bedroom stone villa is in Lepetane, a coastal village just north of the town of Tivat, in southwest Montenegro.
The 2,443-square-foot villa, built in 1820 and renovated five years ago, sits across a local road from the Bay of Kotor, a mountain-ringed tourist haven that spills into the Adriatic Sea. Its “cocoon” design within a historical facade blends traditional Montenegrin construction with contemporary architecture and modern interior design solutions, said Boris Darmanovic, the brokerage manager at Montenegro Sotheby’s International Realty, which has the listing.
The architect “brought an unexpected amount of light into the house,” Mr. Darmanovic said, using metal bridges to link sliding glass doors in the second-floor bedrooms to the exterior walls. “It’s not typical for these houses.”
U.S. State Department report.
Kieran Kelleher, managing director of Dream Estates Montenegro, a Savills affiliate, said the number of transactions at his firm dropped 55 to 60 percent last year, though prices fell a less alarming 10 to 15 percent. “We predicted a bigger drop in price due to the coronavirus,” he said, but it didn’t happen, “mainly because the developers knew they would be better off waiting.”
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