Portonovi Waterfront 2 bedroom Apartment

Exclusive two-bedroom apartment of 166 m2 with a marina view in Portonovi Marina Residences, Herceg Novi.

The apartment comprises a large open-plan living room with a dining area and kitchen, two bedrooms, two bathrooms, and a sea view covered terrace of 29 m2.

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

Portonovi is an ultra-premium destination of 218 world-class units with a mega-yacht marina, set at the narrow mouth of the Bay of Kotor.

The resort is set on the strip between the mountains and the open Adriatic, looking out on a stretch of coast that was never built on. Inside it: Europe’s first One & Only, a Henri Chenot health and wellness spa, luxury residences, the region’s largest sandy beach with its own beach club, and a marina for mega yachts where fuel tax rebates reach 40%.

Other features include onshore retail outlets, cafes, bars and restaurants.

At 11,987 € per m² this listing sits about 39% 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 5 of 11. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €1,990,000 for 166 m², transfer tax comes to €111,400 — an effective 5.6%. 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 31 other for sale listings, asking between €298,000 and €3,375,000, with a median of €1,012,500. At €1,990,000 for 166 m² this one ranks 6 of 32 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.