Waterfront Penthouse in Tara Building, Porto Montenegro

Penthouse of 357 m2 with a private pool on the roof terrace and panoramic views of the sea and marina, Tara building.

The apartment consists of a large open-plan living room with a fireplace and access to a terrace with panoramic sea views, a dining room, a kitchen, four bedrooms, three bathrooms, and a large study with access to another terrace with side sea views.

On the roof of the building, there is a private terrace with a swimming pool and a relaxation area boasting a panoramic sea view.

One garage space is included in the price, while the furniture take-over is subject to a separate agreement.

The Tara building is situated behind Venice Square, near the Regent 5-star Hotel.

Porto Montenegro is a world-class marina that features exclusive residences, retail outlets, and restaurants.

At 7,703 € per m² this listing sits about 6% 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, and this is the most expensive of them. At the top of a neighbourhood the price is set by what is rare there rather than by the square metres.

On this asking price of €2,750,000 for 357 m², transfer tax comes to €157,000 — an effective 5.7%. 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 79 other for sale listings, asking between €125,440 and €5,500,000, with a median of €580,000. At €2,750,000 for 357 m² this one ranks 5 of 80 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.