Is Montenegro the New Monte Carlo?

Brown Bird Design

Porto Montenegro spearheads a cultural rising.

Or so James Bond may have thought when he out-gambled Le Chiffre here in 2006’s Casino Royale. With its sapphire waters and white-pebble beaches, this small Adriatic nation was long a playground for yacht-captaining tycoons and their glittering companions until war darkened the region in the 1990s. At the forefront of its return to the sun is Porto Montenegro, a swiftly rising resort town conceived by Canadian billionaire Peter Munk as a kind of French Riviera before the overhype, overdevelopment and overcrowding. Home to 60 coveted acres on the beachfront of the Gulf of Kotor, a UNESCO World Heritage site, Porto Montenegro features a sprawling marina with 250 berths and 185 more on the way, multimillion-dollar condos, Savile-worthy retail and a star-studded beach club. The yachtless will want to wait for the 2014 debut of the Regent Hotel—a Venetian-style palazzo with two pools, lounges galore and a private island for dining in the open air and by sea.