Portonovi 3bdr Furnished Apartment

Area: 188 m2 (157 m2 + 31 m2 terraces)

Bedrooms: 3

Bathrooms: 3

Garage space

Contemporary, furnished 3bdr apartment of 157 m2 with two terraces of a total of 31 m2 and a garage space in Portonovi, Herceg Novi.

The apartment consists of a spacious living room with a dining area and kitchen, three bedrooms, three bathrooms and 2 spacious terraces with a partial sea view.

One garage space is included in the price.

Future owners will have at their disposal a communal swimming pool.

Portonovi is a resort in the full sense — 218 housing units to an international standard, and a top marina for mega yachts — placed at the narrow mouth of the Bay of Kotor.

Portonovi faces an untouched stretch of Adriatic from a site backed by mountains, and gathers Europe’s first One&Only, private residences, a Henri Chenot health and wellness spa, a world-class marina for mega yachts, the largest sandy beach in the region with a beach club, and a shoreline of retail, cafes and restaurants.

At 9,042 € per m² this listing sits about 5% above the median for Portonovi, which stands at 8,648 € per m² across the 11 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 11 properties in Portonovi, running from €650,000 to €3,375,000; by price this one ranks 6 of 11. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €1,700,000 for 188 m², transfer tax comes to €94,000 — an effective 5.5%. 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 32 other for sale listings, asking between €173,000 and €3,375,000, with a median of €943,750. At €1,700,000 for 188 m² this one ranks 9 of 33 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.