Two-bedroom Penthouse Alba, Boka Place

Two-bedroom penthouse in the Alba building, part of the new mixed complex Boka Place in Porto Montenegro.

The apartment has an area of 102 m2 and consists of an open-plan living room with a dining area and kitchen, two bedrooms, two bathrooms, a laundry, balcony with partial sea-view and a spacious terrace overlooking the mountains.

Boka Place is where Porto Montenegro becomes a neighbourhood. Retail and world fashion brands sit at street level, a cinema and a hotel with wellness center a few steps away, and the private residences above are designed to offer both function and beauty.

Tivat airport is 10 minutes away.

At 6,617 € per m² this listing sits about 19% below the median for Porto Montenegro, which stands at 8,182 € per m² across the 27 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 27 properties in Porto Montenegro, running from €400,000 to €2,750,000; by price this one ranks 15 of 27. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €675,000 for 102 m², transfer tax comes to €32,500 — an effective 4.8%. 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 75 other for sale listings, asking between €125,440 and €5,500,000, with a median of €580,000. At €675,000 for 102 m² this one ranks 34 of 76 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.