New 3-bdr penthouse apartment with sea view, Rafailovici

Apartment area: 204m² Bedrooms: 3 Bathrooms: 3 + guest toilet Distance from the sea: 100m

Brand-new three-bedroom penthouse in Rafailovići, Budva, with a roof terrace and open views of the Budva Riviera and the sea.

The apartment consists of two levels:

Lower level: entrance hallway, 1 bedroom, living room, dining room, kitchen, and a terrace with a sea view, accessible from the kitchen and living room.

Upper level: 2 bedrooms with en-suite bathrooms, and one of the bedrooms has access to a spacious roof terrace with a sea view.

Parking spaces are available for purchase at an additional cost. The building is located approximately 100m from the sea, 3km from Budva city center, and 25km from Tivat Airport.

At 3,700 € per m² this listing sits about 16% below the median for Budva, which stands at 4,420 € per m² across the 56 properties we hold there. Below-median usually means one of three things: set back from the water, an older build, or a floor plan that needs work.

We currently hold 56 properties in Budva, running from €124,200 to €3,500,000; by price this one ranks 22 of 56. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €755,000 for 204 m², transfer tax comes to €37,300 — an effective 4.9%. 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 46 other for sale listings, asking between €124,200 and €2,200,000, with a median of €522,500. At €755,000 for 204 m² this one ranks 17 of 47 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.