One-bedroom sea-view apartment, Boka Place, Porto Montenegro

Sea-view one bedroom apartment managed by SIRO 5* hotel in new Boka Place neighborhood, Porto Montenegro.

The apartment consists of open-space living room with kitchen and dining area, one bedroom, one bathroom and a spacious terrace overlooking the sea.

The apartment is fully furnished by SIRO 5* hotel standards.

The garage space can be purchased separately for an additional 40,000. EUR

The building stands in Boka Place, the mixed-use quarter of Porto Montenegro, sharing its streets with shops, cafes, galleries, a cinema and a wellness hotel, and its outlook with the green open spaces laid out between the blocks.

The building operates under 5* SIRO hotel management, so letting the apartment is a matter of entering the hotel’s rental program.

One&Only’s SIRO hotel holds 144 managed residences and puts a 20-meter swimming pool on the roof, with a gym and a high-performance studio below it.

From its raised position Boka Place overlooks the Porto Montenegro Marina, and the resort centre with all its amenities is only minutes away.

At 6,493 € per m² this listing sits about 21% below the median for Porto Montenegro, which stands at 8,182 € per m² across the 27 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 27 properties in Porto Montenegro, running from €400,000 to €2,750,000; by price this one ranks 20 of 27. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €500,000 for 77 m², transfer tax comes to €22,000 — an effective 4.4%. 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 €580,000. At €500,000 for 77 m² this one ranks 46 of 75 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.