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AI Summary

A cozy hotel with an area of 480 sq. m is for sale in picturesque Sutomore, located just 300 meters from the azure coastline. The property includes 6 spacious bedrooms, 4 living rooms, and 4 kitchens, making it an ideal option for a turnkey tourism business. This is a great offer for those looking for a profitable real estate investment right by the sea.

No. 657

Mini-hotel in Sutomore No. 657

Current as of September 1, 2026
Sutomore · Bar Riviera, Sutomore, Montenegro
€515,000
View: Mountain view

Details

Area
480 m²
Land area
350 m²
Bedrooms
6
Bathrooms
5
Parking
Yes
To sea
300 m
Price per m²
€990

Description

Mini-hotel in Sutomore

The hotel is located in the town of Sutomore. A 4-storey apartment hotel with a green area, a subtropical garden, and a swimming pool. The hotel has a total area of 480 m2 and is situated on a plot of 350 m2.

The hotel was reconstructed in 2005. All apartments have new furniture.

On the first floor there are: a restaurant with a bar counter, a kitchen, 2 toilets, and a balcony.

On the second floor: one apartment with one bedroom and one apartment with two bedrooms.

On the third floor: one apartment with one bedroom and one apartment with three bedrooms.

On the fourth floor there is: a penthouse apartment with a total area of 130 m2.

All apartments are furnished, each apartment has a bathroom (1-2), a kitchen, and a terrace.

Amenities

Mountain viewAir conditioningParkingGardenTerrace

Estimated purchase transaction costs

Approximate breakdown of additional costs when buying

Property price
€515,000
Property transfer tax
€22,900
€4,500 (3% × 150,000) + €17,500 (5% × 350,000) + €900 (6% × 15,000)

Notarial deed details

Buyers
1
Sellers
1

By default the notary fee assumes a two-party deal (1 seller and 1 buyer) without a court interpreter, with the notary filing the cadastre application. Each party beyond two adds 5% of the tariff, each interpreter adds €15, and 21% VAT is charged on the full amount. Not included: work outside office hours, at weekends or on public holidays (+25%, at least €50), the notary travelling to you (+€35 per started hour plus travel costs), powers of attorney (€60 + VAT each). The notary may use the property's market value if the contract price is lower.

Possible additional costs (not in the total)

Government fees

  • Cadastre registration of title (state fee)from €30
  • Title sheets (listovi) for the dealfrom €7
Total required costs€23,924
Estimated costs to purchase the propertyTotal: €538,924

Location

What's nearby

  • GroceriesPekara Plavi Jadran123 m
  • PharmacyTea Medica568 m
  • RestaurantKonoba Montenegro 3 Since 1994115 m
  • Bus stop388 m
  • ATM316 m
  • AirportPodgorica Airport29.6 km
  • PortMarina Bar6.2 km
  • Sea300 m

Frequently asked questions

Yes. Foreign nationals can buy apartments and houses in Montenegro on the same terms as citizens, with full ownership rights. Restrictions apply only to certain agricultural and undeveloped land, which foreigners usually acquire through a Montenegrin company. We handle the entire legal process.
Buying costs depend on the property. Montenegro’s real-estate transfer tax is progressive — the rate depends on the value — and newly built homes are subject to VAT on the first sale. Add notary, registration and optional lawyer fees. The easiest way to get an exact figure for this property is our purchase-cost calculator.
This property is about 300 m from the sea.
Montenegro’s coast has strong seasonal short-term demand and growing long-term demand from people relocating. Actual returns depend on location, furnishing and management — ask us for a projection for this specific property.
Under the new law, a property purchase supports a temporary residence permit only if the property is residential and worth at least €150,000. The rules change periodically, so confirm the current requirements with us.

Calculate mortgage

Beta · still being polished
Property price
€515,000
yrs
5 yrs30 yrs
%
3%9%

Bank rates

Beta · still being polished
CKB Bank
CKB Bankbest
fixed for 5 years · 7 days
5.9%
€2,562/mo
NLB Banka
NLB Banka
variable Euribor + 4.2% · 10 days
6.3%
€2,646/mo
Erste Bank
Erste Bank
fixed for 3 years · 14 days
6.5%
€2,688/mo
Monthly payment
€2,379
Over 240 months · at 5.0% p.a.
63%principal
Loan amount€360,500
Total interest€210,494
Loan amount
€360,500
Total interest
€210,494
Total payment
€570,994

Want to know how much you can actually get approved for?

< 1 minNo obligation3 banks at once

Rates shown as "from". Final offer depends on your credit profile and the bank's conditions.

€515,000
€990/m²No. 657