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Krašići is located on the Luštica peninsula, on the southern shore of the Bay of Tivat in the Bay of Kotor (Boka Kotorska), between the village settlements of Tičići and Radovići. Old Krašići was located at mountain side, a few kilometers from its present location. This place is now called Gornji Krašići (Upper Krašići) or Stari Krašići (Old Krašići) and current village is sometimes called Donji Krašići (Lower Krašići).
After the great 1979 Montenegro earthquake, the village was heavily damaged and people have resettled on the current location at sea shore, which was prior to the earthquake used for small-scale fishing. In addition to their former occupations, they increased fishing, and, recently, tourism.
In the 1970s, some tourists started building houses around the village in larger numbers. This boomed and now they by far outnumber locals. The first tourist settlement is Krašići 1; after it, Krašići 2 was built. Tourists have also built the beach (which was a stony beach before that), streets and infrastructure in the settlement. Currently it has electricity, telephone and sewage, but no water; individual rainwater tanks are used as technical water and drinking water has to be bought.
Houses in Krašići 1 and 2 are self-built by tourists; but after noticing the popularity of this location, the construction company Šumadija built a planned settlement in 1980 which is now called Krašići 2/2 (former Krašići 2 is now called Krašići 2/1) or sometimes Krašići - Šumadija or Krašići - Maslinjak (Maslinjak - olive plantation; because it is built in place of one). After that some people have self-built houses in Krašići 3.
According to the 2003 census, the village had 167 inhabitants, 27,15% Montenegrins, 24,50% Serbs and 20,52% Croats.
Original Krašići has some 150 houses; now, in addition to that, there are several big five star hotels held by locals. Krašići 2/1 has around 800 houses. Houses in Krašići 1 and 2 are self-built by tourists.
- Media related to Krašići at Wikimedia Commons