Modern Studio Apartment in Boka Place, Porto Montenegro

Modern studio apartment in the Mistral building, which is part of the new mixed complex Boka Place in Porto Montenegro. The studio has an area of ​​50 m2 and consists of an open space with a dining room and kitchen, sleeping space and a bathroom.

Future owners of the apartment will be able to fully furnish the studio apartment with hotel furniture by 5* standards for the price of 48,177.36 €.

There is a garage space available for additional price of 40,000 €.

The residence sits within Boka Place, the part of Porto Montenegro built to work as a small town rather than a resort annexe. World fashion brands and galleries occupy the street level, a cinema and a wellness hotel are a short walk away, and the homes above are designed for function as much as for looks.

The Mistral building is under the management of a 5*SIRO hotel, and apartment owners will be able to rent the apartments through the hotel’s rental program.

Hotel SIRO (One& Only Group) has 144 managed residences, a 20-meter rooftop swimming pool, a high-performance studio, a gym, etc.

Boka Place is located on elevated ground overlooking the Porto Montenegro Marina, just a few minutes from the central waterfront resort and all its amenities.

At 8,163 € per m² this listing sits close to the median for Porto Montenegro, which stands at 8,100 € per m² across the 27 properties we hold there. That makes it a fair reference point for the neighbourhood rather than an outlier in either direction.

We currently hold 27 properties in Porto Montenegro, running from €400,000 to €2,750,000; by price this one ranks 25 of 27. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €408,159 for 50 m², transfer tax comes to €17,408 — 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 74 other for sale listings, asking between €125,440 and €5,500,000, with a median of €609,300. At €408,159 for 50 m² this one ranks 56 of 75 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.