3 bedrooms Apartment in Kotor, Montenegro No. 66930
ID66930
$ 550 000
Property description
Welcome to the epitome of Old Town living in Kotor! Nestled within the historic walls of Kotor, this enchanting apartment is a masterpiece of timeless elegance. Located in the prestigious Bizanty Palace from the XI century, this residence offers an unparalleled combination of history, charm, and old-town living.The Old Town of Kotor is under the protection of UNESCO as a World Cultural and Natural Heritage, with beautiful stone houses, churches, towers, squares, and fountains behind the walls of the city fortress. Kotor is one of the most important ports and shopping centers on the Adriatic, known as the city of museums, sights, culture, and architecture.
This apartment is located on the first floor of the famous Bizanty Palace, overlooking the picturesque main Old Town square - Trg od Oruzja, allowing residents to witness the bustling activity of the main square from the comfort of their homes. The total area of the apartment is 112m2, with a kitchen with a dining room, living room, three spacious bedrooms, and two bathrooms.
From the apartment, there is an entrance to the attic area of the same size as the apartment but with a valuable area of 50%, which presents an excellent opportunity for customization. The entrance to the apartment is from a small backyard, with a basement area of 5m2 under the stairs, which provides extra storage or utility space.
Housed within the Bizanty Palace, the apartment exudes a sense of historic charm, with architectural details that transport you to a bygone era. The strategic location and the potential for versatile renovations make this property a promising investment for both commercial and tourism purposes. The possibilities are endless, whether you envision a luxurious residence, a boutique business space, or a tourism-oriented establishment. Renovate it to suit your personal taste or capitalize on its commercial potential. Transform it into a boutique hotel, a charming cafe, or an upscale retail space— the choice is yours.
The strategic location of this apartment in Kotor Old Town ensures that you're not just acquiring a residence; you're investing in a lifestyle characterized by global accessibility. With the Port of Kotor at your doorstep and less than 10km from international Tivat airport and luxury Porto Montenegro yach marine, the potential for catering to tourists seeking a unique and culturally rich experience is unparalleled. This property presents an exceptional opportunity for those considering tourism-oriented endeavors. Whether you're a globetrotter, a business enthusiast, or a connoisseur of maritime luxury, the seamless connections to waterways, roads, and airports make this property an exceptional investment.
Don't miss this rare opportunity to own a piece of Kotor's history! Contact us today to explore the endless possibilities that await you in this unique Old Town gem.
Property features
* Air-conditioning
* Attic
* Close to Tivat airport
* Cultural heritage site
* Excellent location
* Furnished
* Tourism
Housed within the Bizanty Palace, the apartment exudes a sense of historic charm, with architectural details that transport you to a bygone era. The strategic location and the potential for versatile renovations make this property a promising investment for both commercial and tourism purposes. The possibilities are endless, whether you envision a luxurious residence, a boutique business space, or a tourism-oriented establishment. Renovate it to suit your personal taste or capitalize on its commercial potential. Transform it into a boutique hotel, a charming cafe, or an upscale retail space— the choice is yours.
The strategic location of this apartment in Kotor Old Town ensures that you're not just acquiring a residence; you're investing in a lifestyle characterized by global accessibility. With the Port of Kotor at your doorstep and less than 10km from international Tivat airport and luxury Porto Montenegro yach marine, the potential for catering to tourists seeking a unique and culturally rich experience is unparalleled. This property presents an exceptional opportunity for those considering tourism-oriented endeavors. Whether you're a globetrotter, a business enthusiast, or a connoisseur of maritime luxury, the seamless connections to waterways, roads, and airports make this property an exceptional investment.
Don't miss this rare opportunity to own a piece of Kotor's history! Contact us today to explore the endless possibilities that await you in this unique Old Town gem.
Property features
* Air-conditioning
* Attic
* Close to Tivat airport
* Cultural heritage site
* Excellent location
* Furnished
* Tourism
Kotor - Statistics
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| Parameters | Kotor |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 647.26 |
| Apartment (1 bedroom) Outside of Centre | $ 512.42 |
| Apartment (3 bedrooms) in City Centre | $ 1 294.53 |
| Apartment (3 bedrooms) Outside of Centre | $ 1 348.47 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 3 775.71 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 2 696.93 |
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| Parameters | Kotor |
|---|---|
| Crime Index | 17.23 |
| Traffic Commute Time Index | 39.50 |
| Restaurant Price Index | 50.99 |
| Property Price to Income Ratio | 17.14 |
| Climate Index | 89.65 |
| Safety Index | 82.77 |
| Traffic CO₂ Index | 931.00 |
| Traffic Inefficiency Index | 114.68 |
| Rent Index | 18.13 |
| Health Care Index | 33.33 |
| Traffic Index | 119.12 |
| Pollution Index | 34.48 |
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| Parameters | Kotor |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 13.48 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 53.94 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 8.63 |
| Domestic Beer (0.5 liter draught) | $ 3.24 |
| Imported Beer (0.33 liter bottle) | $ 3.24 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.16 |
| Water (0.33 liter bottle) | $ 1.62 |
| Cappuccino (regular) | $ 2.44 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.46 |
| Loaf of Fresh White Bread (500g) | $ 0.93 |
| Eggs (regular) (12) | $ 2.97 |
| Local Cheese (1kg) | $ 8.25 |
| Water (1.5 liter bottle) | $ 0.79 |
| Bottle of Wine (Mid-Range) | $ 8.09 |
| Domestic Beer (0.5 liter bottle) | $ 1.17 |
| Imported Beer (0.33 liter bottle) | $ 1.73 |
| Cigarettes 20 Pack (Marlboro) | $ 3.88 |
| Apples (1kg) | $ 1.23 |
| Chicken Fillets (1kg) | $ 6.94 |
| Oranges (1kg) | $ 1.45 |
| Potato (1kg) | $ 0.98 |
| Lettuce (1 head) | $ 1.27 |
| Rice (white), (1kg) | $ 2.32 |
| Tomato (1kg) | $ 2.39 |
| Banana (1kg) | $ 1.88 |
| Onion (1kg) | $ 1.20 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 11.70 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 129.99 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 29.12 |
| $ 18.10 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 943.93 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.05 |
| Transportation | |
| Gasoline (1 liter) | $ 1.62 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 28 048.10 |
| Taxi Start (Normal Tariff) | $ 0.65 |
| Taxi 1km (Normal Tariff) | $ 1.46 |
| Taxi 1hour Waiting (Normal Tariff) | $ 11.87 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 24 811.78 |
| Sports And Leisure | |
| Cinema, International Release, 1 Seat | $ 5.39 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 77.48 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 35.96 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 93.49 |
| 1 Pair of Men Leather Business Shoes | $ 104.44 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 254.76 |
| International Primary School, Yearly for 1 Child | $ 7 012.03 |
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.
Contact the seller
Kotor
Apartment
3
112 m²
- m²
- sq. ft
$ 550 000
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