LullaStay research candidate · Selling / move-in ready units available

Portonovi

Portonovi Resort (Azmont Investments) · Boka Bay, Herceg Novi, Montenegro, Herceg Novi, Montenegro

Nearby: Herceg Novi

Why LullaStay is watching

Portonovi is a real mixed-use luxury residential resort with hotel (one&only) and marina project by Portonovi Resort (Azmont Investments) in Herceg Novi, Montenegro. LullaStay is researching it for potential fit within a professionally managed hospitality-rental strategy. Figures beyond the developer's own materials are under review.

Project characteristics

238-berth high-end marina and Europe's first One&Only resort on site
Marina Residences: 1-4 bedroom apartments across 5 buildings, 80-254 sqm
The Village Residences: 43 private gardens and 13 private pools, 104-382 sqm
US Open-level tennis courts and Chenot Espace medical wellness spa
Village Residences prices range €945,000 to €3.7 million

Amenities advertised by the developer

One&Only Portonovi hotel access238-berth marinaChenot Espace Health Wellness SpaUS Open-level tennis courtsPrivate gardens and poolsCommunal poolsCafés, shops, gyms, barsPanoramic sea and mountain viewsBeach accessConcierge services

What we like

· 238-berth high-end marina and Europe's first One&Only resort on site
· Marina Residences: 1-4 bedroom apartments across 5 buildings, 80-254 sqm
· The Village Residences: 43 private gardens and 13 private pools, 104-382 sqm

What we need to verify

· STR regulations
· Management agreement terms
· Ownership structure for foreign buyers
· Rental economics
· Operating expenses
· Liquidity

Risks

· Resale and liquidity risk
· Currency exposure
· Developer pricing subject to change
· Research pending on all other risks

Pricing

From EUR 800,000

(~ US$ …*)

*Approx. USD based on today's exchange rate. Developer pricing subject to change.

Last updated: Sep 26, 2026

Source: Official Portonovi Real Estate page, Marina Residences: "Prices range from 800,000 EUR to 3.8 million EUR" (https://portonovi.com/en/realestate/marina-residences, accessed 2025)

Pricing shown is based on publicly available project materials and/or current project marketing information. USD values are approximate and based on the current exchange rate at the time of display. Final pricing may vary.

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Project profile

Category: Premier
Type: Mixed-use luxury residential resort with hotel (One&Only) and marina
Management: Under Review
Ownership: Freehold residences across Village Residences, Marina Residences, Sky Villas, and One&Only Private Homes
Hospitality / STR: Research Pending — short-term rental permission and operating rules not yet independently verified.

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Research status

LullaScore: Under Review
Management structure: Under Review
STR eligibility: Research Pending
Projected yield: Research Pending
Ownership / acquisition: Research Pending

No financial figures are shown until verified. Short-term rental permission and professional management have not been independently confirmed.

Project gallery

Renderings © Portonovi Resort (Azmont Investments), shown for research reference from the official project page. LullaStay does not own, represent, sell, manage or endorse this development and has no partnership with Portonovi Resort (Azmont Investments).