Since declaring its independence in 2006, Montenegro, once united with Serbia, has been heralded as an upcoming “Monaco of the Adriatic.” In the port city of Tivat, Canadian billionaire Peter Munk bought the country’s massive naval base, built in 1899, and is creating “Porto Montenegro,” a mega-yacht facility with 800 berths, along with plans for a 300-room Four Seasons resort.
Now, Catareos, a French-based developer with an eco-friendly ethos, is building some of Tivat’s first luxury condominium residences aimed at an international clientele of second-home buyers. Tivat Heights features a dozen, two-bedrooms residences designed in a contemporary California style, each with expansive decks overlooking the Bay of Kotor, a UNESCO World Heritage Site. Prices range from about $365,000 for a ground floor residence to $490,000 for a penthouse. For more information, visit www.catareos.com
