Portonovi Marina 2bdr Apartment

Area: 120 m2 (93 m2 + 27 m2 terrace)

Bedrooms: 2

Bathrooms: 2

Two-bedroom, luxuriously furnished apartment of 120 m2 on the first line to the sea and marina in Portonovi, Herceg Novi.

The apartment consists of an open plan living room with kitchen and dining area, two bedrooms with en suite bathrooms, and a terrace of 27 m2 with open sea and Portonovi marina views.

The price includes one underground garage space.

Portonovi Montenegro is the Adriatic’s ultra-premium resort lifestyle destination embracing 290 world-class properties and a state-of-art mega-yacht marina, located at the narrowest part of the entrance of the Bay of Boka Kotorska. Portonovi commands an excellent position between mountain and sea, with breathtaking views of the pristine Adriatic coastline. Portonovi includes Europe’s first One&Only resort, luxury residences, a Henri Chenot destination Medical and Wellness Spa, an all-season, world-class marina catering to megayachts (with tax reliefs on the fuel of up to 40%), the region’s largest sand beach with luxury beach club. Other features include waterfront shops, cafes, and restaurants.

At 12,083 € per m² this listing sits about 40% 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 8 of 11. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €1,450,000 for 120 m², transfer tax comes to €79,000 — 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 €1,450,000 for 120 m² this one ranks 11 of 33 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.