Portonovi luxurious two-bedroom apartment within Village Residences, Herceg Novi

This spacious two-bedroom apartment is located within Village Residences at the prestigious Portonovi Resort, one of Montenegro’s most exclusive lifestyle destinations.

The apartment offers 171 m2 total area, including 142 m2 of interior space and a 29 m2 terrace overlooking the landscaped garden and swimming pool. It features a bright open-plan living room with dining area, a fully equipped modern kitchen, two comfortable bedrooms, and two bathrooms.

The price includes one garage space and all fixed furniture and Miele kitchen appliances.

Convenient payment plan: 15% upon signing the SPA, and the remaining amount through 36 months interest free.

Portonovi is an ultra-premium resort lifestyle destination that includes 218 world-class housing units and a top marina for mega yachts, at the narrowest part of the entrance to the Bay of Kotor.

Mountains behind, open sea in front, and an untouched shoreline in view. Portonovi holds Europe’s first One & Only resort, a Henri Chenot destination spa, private residences, a mega-yacht marina offering fuel tax rebates of up to 40%, and the largest sandy beach on this coast with a luxury club on it.

At 8,099 € per m² this listing sits about 9% below the median for Portonovi, which stands at 8,939 € per m² across the 11 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 11 properties in Portonovi, running from €650,000 to €3,375,000; by price this one ranks 9 of 11. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €1,385,000 for 171 m², transfer tax comes to €75,100 — an effective 5.4%. 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 32 other for sale listings, asking between €173,000 and €3,375,000, with a median of €943,750. At €1,385,000 for 171 m² this one ranks 13 of 33 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.