Porto Cervo (; ) is an Italian seaside resort in northern Sardinia. It is a frazione of the comune of Arzachena, in the province of Sassari. Created by a group of foreign investors around the early 1960s, Porto Cervo is the main centre of Costa Smeralda. It has a resident population of 421 inhabitants. Porto Cervo has been named one of the most expensive resorts in the world, along as being a luxury yacht magnet and billionaires' playground.
The Porto Vecchio (old port) in the village of Porto Cervo and it was built in the 1960s as a fishing port. The modern marina lies to the west surrounded by the facilities of the marina village.
Porto Cervo Marina has 700 berths, with 100 slips reserved for megayachts, and accepts reservations.
In a study released by the European luxury real estate brokerage, Romazzino Bay in Porto Cervo is the most expensive location in Europe. House prices reach up to 300,000 euros per square meter. Europe's most expensive addresses: Romazzino Bay on Sardinia leads current ranking
In 2011 Costa Smeralda had the second, the 4th and the 6th most expensive hotels in the world, the Pitrizza, the Romazzino and the Cala di Volpe Hotel. In 2012 the Hotel Cala di Volpe, which is featured in the 1977 James Bond film The Spy Who Loved Me is listed at number 7 on World's 15 most expensive hotel suites compiled by CNN Go in 2012. The presidential suite of the hotel billed at per night.
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