Known as the “Pearl of the Mediterranean,” Montenegro is a small country south of Croatia with a lovely stretch of coast on the Adriatic Sea. Despite its rapidly growing economy, the nation has no golf course, though two projects are in a race to plant the first flag in the new sovereign state. Lustica Bay (above), a large-scale resort development slowed by the 2008 economic meltdown, will feature several hotels, a marina, extensive real estate, and a Gary Player-designed course with views of the sea. The smaller Royal Montenegro Golf & Country Club—located outside Tivat, a thriving coastal town—plans to open its course by Englishman Steve Marnoch by 2016. The market for residences at both developments is mainly English and Russian, though expect this rugged little country, with its rich architectural and cultural heritage, to compete for top tier international golf business once these two courses and others in the planning stages make their debut.