A rare opportunity to acquire a beautifully furnished one-bedroom apartment in the historic Old Town of Kotor, offering an exceptional combination of authentic architecture, modern comfort, spectacular views and established rental income. The apartment measures approximately 42 m², while 34 m² is officially registered in the title deed (List Nepokretnosti). It is located on the 3rd floor, which is not the top floor, in a building with a private exit onto the historic city walls — part of Kotor's UNESCO-protected heritage. Property Overview Location: Old Town Kotor, MontenegroProperty Type: One-Bedroom ApartmentActual Area: Approx. 42 m²Registered Area: 34 m²Floor: 3rd FloorBedrooms: 1Bathrooms: 1Condition: FurnishedAir Conditioning: YesOwnership: 1/1Encumbrances: NoneSea View: YesRental Status: Currently operating as a tourist rentalGross Annual Rental Income: Approximately €23,000–€25,000 Authentic Old Town Setting Located within the historic walls of Kotor Old Town, the apartment offers a unique living environment surrounded by centuries of history, stone architecture and the atmosphere for which Kotor is internationally renowned. A particularly rare feature is the building's private access to the historic city walls, giving residents direct access to one of the most iconic elements of Kotor's cultural heritage. The apartment combines the character of the historic setting with the comfort required for modern living. Apartment Layout The property consists of: Living room with kitchen Spacious bedroom Bathroom Interior storage room Exterior storage room Additional storage space Air conditioning The apartment is sold beautifully furnished and equipped, making it suitable for immediate use or continuation of its established rental operation. Spectacular Panoramic Views One of the property's greatest advantages is its exceptional direct view over the Bay of Kotor. From the apartment, you can enjoy views towards: Bay of Kotor Historic city walls Surrounding mountains Kotor harbour Yachts and boats Only a very limited number of apartments within the Old Town offer this combination of direct sea views, historic surroundings and elevated positioning. Proven Rental Investment The apartment is already established as a successful tourist rental property. It has generated approximately €23,000–€25,000 in gross annual rental income, based on the property's existing rental performance. The apartment has also maintained a position among the top three apartments in Kotor Old Town on Airbnb for four consecutive years, demonstrating strong guest demand and an established rental reputation. This makes the property particularly attractive to investors looking for an income-producing property rather than a purely speculative purchase. Ownership & Documentation The property is owned 1/1 and is registered without encumbrances or restrictions. Important: The apartment's actual usable area is approximately 42 m², while 34 m² is recorded in the official title documentation. Buyers should take this difference into account during their due diligence. Investment Highlights Prime location inside Kotor Old Town Approximately 42 m² actual area 34 m² officially registered One bedroom 3rd floor Not the top floor Direct sea view Panoramic Bay of Kotor views View of historic walls and harbour Private access to the city walls Fully furnished Air conditioned Established tourist rental Approx. €23,000–€25,000 gross annual rental income Top-three Airbnb performance for four consecutive years Ownership 1/1 No encumbrances or restrictions A Rare Kotor Investment This is more than an apartment in Kotor — it is an income-producing property in one of Montenegro's most sought-after historic locations, combining authentic Old Town character with spectacular views and proven tourism demand. It is particularly suitable for an investor seeking established rental income, a prestigious location and long-term potential in the Bay of Kotor real estate market. Contact us for additional information, rental documentation and to arrange a private viewing.
