Apartment for Sale in Portonovi — 4th Floor, 87.7 m², Chenot Espace SPA & One&Only Access

This apartment is a 4th-floor, 1-bedroom residence within that complex. 87.7 m² total — 60 m² of interior living space and a 27.7 m² private terrace. One bedroom, one bathroom, an open-plan living room with kitchen and dining area, and access to an amenity offering that no comparable coastal address between Dubrovnik and Budva can replicate.

What Is Portonovi?

Portonovi is a luxury mixed-use resort developed on the shores of Kumbor Bay, within Herceg Novi municipality, at the western entrance to the Bay of Kotor (Boka Kotorska) in Montenegro. The development comprises 270 residences — apartments, duplexes, sky villas, and standalone villas — alongside the One&Only Portonovi hotel, the Chenot Espace Health Wellness Spa, a 220-berth marina equipped for superyachts, a waterfront promenade with restaurants and boutiques, and a full suite of resident services.

The project was developed under the patronage of a sovereign-backed investment fund and represents the most significant luxury real estate development in Montenegrin history. It has been consistently recognised by international media as the premier lifestyle address on the Adriatic south of Dubrovnik.

Portonovi sits 17 kilometres from Tivat International Airport and 35 kilometres from Dubrovnik International Airport — the closest dual-airport positioning of any luxury development currently available in the Western Balkans, and a factor of material importance for buyers managing an international rental calendar.

Apartment for Sale Portonovi Specifications

• Total area: 87.7 m² (interior approx. 60 m² + 27.7 m² terrace)
• Floor: 4th floor
• Bedrooms: 1
• Bathrooms: 1
• Layout: Open-plan living room, kitchen and dining area, 1 bedroom, bathroom, terrace
• Kitchen: Equipped and ready for use
• Parking: Open parking available within the resort
• Condition: Move-in ready

The Terrace: 27.7 m² of Private Outdoor Living

On the fourth floor of Portonovi, the 27.7 m² terrace is not a balcony. It is a proper outdoor room — large enough for a full dining set, sunbeds, and planting, with the Bay of Kotor and the Orjen mountain range in your sightline. The Bay of Kotor is a UNESCO-adjacent natural fjord, the only one of its kind in Southern Europe, and its visual impact from an elevated terrace position is genuinely singular. Competitors listing 1-bedroom apartments in Portonovi at similar sizes rarely highlight this floor-specific advantage. At the 4th floor, the view clears the promenade canopy and delivers an unobstructed horizon over the bay entrance.

Resort Amenities: What Residents Access

Portonovi operates on a resort-residential model, meaning resident owners access hotel-grade amenities as a standard component of their ownership — not as an optional extra. What this means in practice:

Wellness: The Chenot Espace is a destination health and wellness spa founded by Henri Chenot, whose biontological method has been practised and refined over more than forty years. Chenot Espace properties worldwide are fewer than ten. Residents at Portonovi have proximity access to one of them. Competing wellness offerings on the Montenegrin coast do not exist at this level.

Hospitality: The One&Only Portonovi is the first and only One&Only resort in Europe. Residents benefit from access to the hotel’s dining, bar, and service infrastructure — including the Sunset Roof Bar, which commands one of the most photographed views of the Bay of Kotor entrance.

Marina: 220+ berths accommodating superyachts, operated as a formal yacht club with full marina services. Resident berth access is available for yacht club members.

Beach: The development’s private sandy beach — Sunset Beach — provides residents with direct sea access within the resort boundary.

Building Infrastructure:

• Open and indoor swimming pools
• Gym, sauna, Turkish bath, relaxation areas
• Reception and 24/7 concierge
• 24/7 security and full video surveillance
• Children’s playground and landscaped common areas
• EV charging stations (a standard infrastructure feature at Portonovi, still absent from the majority of Montenegrin residential developments)
• Backup generator and independent water system — no dependency on municipal supply interruptions

The Investment Case: Portonovi as an Asset

Resort-format luxury real estate in established international branded environments — One&Only, Aman, Six Senses, Ritz-Carlton Residences — has consistently outperformed standalone residential property in comparable coastal markets over the past decade. The combination of an internationally recognised hotel anchor, professional property management infrastructure, and a destination spa brand creates rental demand from a buyer segment — high-net-worth wellness and lifestyle travellers — that standard coastal apartments cannot access.

Portonovi sits equidistant between Tivat (17 km) and Dubrovnik (35 km) airports, creating a catchment radius for short-term rental demand that encompasses both Montenegro’s existing international visitor base and Dubrovnik’s far larger, more established inbound tourism market. This dual-airport positioning is not replicated by any other development at Portonovi’s specification level in the region.

Montenegro’s Tax Administration applies a flat 15% rate to rental income from property. Ownership is transferable and registerable through a licensed notary — the Chamber of Notaries of Montenegro maintains the full national directory. The Real Estate Directorate administers the official property registry.

For a complete walkthrough of the purchase process as a foreign national, read our guide to buying property in Montenegro. For buyers considering long-term residency linked to property ownership, our residency by investment guide covers all current pathways. Browse additional luxury property across the Bay of Kotor at our Kotor apartments hub or compare coastal destinations using our best places to buy property guide.

Frequently Asked Questions

What is Portonovi in Montenegro? Portonovi is a luxury resort development in Kumbor, Herceg Novi municipality, at the entrance to the Bay of Kotor (Boka Kotorska). It comprises 270 residences, the One&Only Portonovi hotel (the first and only One&Only in Europe), the Chenot Espace Health Wellness Spa, a 220-berth superyacht marina, a private sandy beach, and a waterfront promenade. It is Montenegro’s most prestigious residential address.

What is Chenot Espace at Portonovi? The Chenot Espace at Portonovi is a destination health and wellness spa operating under the method developed by Henri Chenot over more than forty years. There are fewer than ten Chenot Espace properties worldwide. The Portonovi location is the only one in the Western Balkans. Residents have access to the spa’s facilities within the resort complex.

How far is Portonovi from Dubrovnik airport? Portonovi is approximately 35 kilometres from Dubrovnik International Airport. Tivat International Airport is 17 kilometres away. This dual-airport access is one of the most significant logistical advantages of the development for short-term rental investors.

Does the apartment come with parking? Open parking is available within the Portonovi resort. Details of specific parking allocation are available on request.

Can foreign nationals buy an apartment in Portonovi? Yes. Montenegro permits foreign nationals to purchase property with full ownership rights identical to those of Montenegrin citizens. The purchase is processed through a licensed notary registered with the Chamber of Notaries of Montenegro.

Is Portonovi suitable for rental investment? Yes. The resort format — with a branded hotel anchor (One&Only), a destination spa (Chenot Espace), a marina, and full concierge and management infrastructure — creates rental demand from international lifestyle and wellness travellers. The proximity to both Tivat and Dubrovnik airports further strengthens the short-term rental catchment.

Contact us to request floor plans, availability confirmation, and the full legal documentation package for this property.