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Property in Montenegro

Signature Historical Stone Villa

Herceg Novi · Old Town

€3,950,000

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Asking price
€3,950,000
Transfer tax
€229,000
Notary & registration
Scales with value
Price plus transfer tax
€4,179,000

We do not record which of the two applies to an individual listing, and it changes the tax entirely: on a first sale the seller accounts for VAT and the buyer owes no transfer tax at all.

Indicative, calculated on the asking price. The taxable value is set by the Tax Administration and may differ. Annual municipal property tax is charged separately and cannot exceed 1% of value.

Bedrooms
3
Bathrooms
3
Size
428 m²
Plot
256 m²
Garage
1
Location
Herceg Novi · Old Town
Type
House & villa
Transaction
For sale
Price per m²
9,228 €
Listing ID
signature-historical-stone-villa-b5bdd6

Features & amenities

  • Air Conditioning
  • Balcony
  • Barbecue
  • Bay View
  • Cable TV
  • Dryer
  • Furniture
  • Garage
  • Garden
  • Intercom System
  • Laundry
  • Microwave
  • Outdoor Space
  • Panoramic view
  • Parking
  • Private Parking
  • Refrigerator
  • Scenic View
  • Sea view
  • Security
  • Storage
  • Summer Kitchen
  • Terrace
  • Video Surveillance
  • Washer
  • Water View
  • Wi-Fi
  • Window Coverings

All photos (36)

Details

About this property

Area: 428 m2 (290 m2 + 138 m2 terraces)

Land area: 256 m2

Bedrooms: 3

Bathrooms: 3 + 1

Garage: 1

Signature stone villa, rare piece of architectural heritage, from Austro-Hungarian period in the 19th century, with three en-suite bedrooms in Herceg Novi Old Town.

Cobbled streets of Herceg Novi Old Town lead to the entrance of the villa. Originally a ruin, it was carefully reconstructed by the French architect using the original stone of the property, preserving walls of up to 2 meters in thickness and the authentic character of the historic structure. The main hallway opens into a bright, open-plan living room with a dedicated dining area. Fully restored stone walls with gentle ambient lighting, create a warm and authentic atmosphere. The spacious 55 m2 main terrace extends directly from the living room, providing an inviting area for relaxation and outdoor dining. It also leads to the outdoor kitchen, located in a historic area that served as a Belvedere during the Ottoman era. From the terrace, panoramic views stretch across the sea, the city centre and the marina. The ground floor also features a modern, fully equipped kitchen as well as a guest bathroom.

The first floor offers an elegant reception space with a comfortable sitting area, furnished with carefully selected designer pieces. A spacious study with an extensive library provides space for reading or working. From the reception area, a private sea-view terrace overlooking the Adriatic can be accessed. A distinctive architectural feature of this floor is the glass ceiling above the staircase, allowing natural light to illuminate the interior throughout the day. First floor also includes a bedroom with an en-suite bathroom.

The second floor is dedicated to the villa’s master en-suite bedroom with bespoke walk-in wardrobes, as well as direct access to a private terrace overlooking the sea. The master spa-style bathroom overlooks the Adriatic as well. A third en-suite bedroom completes the second floor.

Above the second floor, the rooftop terrace offers one of the villa’s most unique features. Designed as an open-air space for sunbathing, relaxing and enjoying the surroundings, it has uninterrupted views across the entrance to the Boka Bay, the entire city of Herceg Novi, marina and Lovćen mountain.

The villa’s unique location makes it one of the rarest finds in Montenegro’s luxury real estate market. Just steps from Belavista Square, the historic Clock Tower and the well-known stone stairways of Herceg Novi, the property offers access to the city marina and waterfront promenade with authentic local tavernas, cafes and shops. Tivat Airport is just 23 km away, while Dubrovnik Airport provides a second convenient gateway, only 30 km from the villa.

The market around it

At 9,228 € per m² this listing sits about 28% above the median for Herceg Novi, which stands at 7,222 € per m² across 29 listings there with both a price and a floor area.

We currently hold 30 priced listings in Herceg Novi, running from €173,000 to €3,950,000, and this is the most expensive of them.

Within 5 km of this address we hold 9 other priced for sale listings, asking between €285,000 and €3,500,000, with a median of €1,100,000. At €3,950,000 for 428 m² this one ranks 1 of 10 inside that radius.

Location

Location
Herceg Novi · Old Town
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Signature Historical Stone Villa
€3,950,000 · 428 m² · 9,228 €/m²
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