Tiny Perast is a peaceful bay-front village of stone villas set in gardens filled with fig trees and oleander. It was built by wealthy local sea captains during the 17th and 18th centuries, at a time when it was prosperous enough to have some 100 merchant ships navigating the oceans. In fact, Perast's naval skills were so respected that in the early 18th century, the Russian czar, Peter the Great, sent his young officers to study at the Perast Maritime Academy.

In the bay in front of Perast lie its main attractions: Sveti Djordje (St. George) and Gospa od Skrpjela (Our Lady of the Rock), a pair of tiny, charming islets, each topped with a church. Perast has no beach to speak of, though swimming and sunbathing are possible from the jetties along the waterfront.

Each year on July 22, Perast celebrates the fasinada, a local festival honoring the folkloric origins of Our Lady of the Rock, with a ritual procession of boats carrying stones out to the island at sunset. The stones are dropped into the water around the island, protecting it from erosion by the sea for the coming year. The Fasinada Cup sailing regatta is held on the same day.

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