Luxury one bedroom apartment in the most attractive location in Budva

Set at the gates of Budva historic Old Town, this residential building is only a few steps away from Mogren beach. This 10-story building with 36 suites ranging from intimate pied-à-terre to lofty penthouse, offers the discerning homeowner cutting edge, contemporary design, a desirable location and an exceptional modern convenience.

Designed in wood, glass and stone, with generous outdoor living space and outstanding coastal views, each elegantly contemporary residence is equipped with Smart Home technology and fine European fixtures and finishing.

Constructed above two levels of prestige commercial space, residents are an elevator ride from every retail amenity and service—restaurants, spas, shops, banks and more. Considering the location and proximity of sandy beaches, cafes, the seafront promenade and local marina, this residential building offer their homeowners every convenience in the heart of Montenegro most fashionable coastal resort.

This one bedroom apartment of 73m2 on the 5th floor divides its area between an open living room with kitchen and dining area, one bedroom, bathroom and balcony with panoramic views of the sea and the Old Town of Budva. It is oriented on two sides and provides a lot of light.

This apartment has a parking space in the underground garage.

At 6,164 € per m² this listing sits about 40% above the median for Budva, which stands at 4,418 € per m² across the 56 properties we hold there. A premium usually buys position: the first line, a higher floor, or a completed build rather than one still under way.

We currently hold 56 properties in Budva, running from €124,200 to €3,500,000; by price this one ranks 37 of 56. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €450,000 for 73 m², transfer tax comes to €19,500 — an effective 4.3%. Since 2024 the rate is progressive rather than a flat 3%, so it is worth calculating on the actual figure rather than assuming.

Within 5 km of this address we hold 36 other for sale listings, asking between €124,200 and €2,100,000, with a median of €547,500. At €450,000 for 73 m² this one ranks 22 of 37 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.