Porto Cervo is an Italian seaside resort located on the island of Sardinia, where roughly £1 billion pound sterling ($1.304 billion USD) worth of mega luxury superyachts make their home. The yachts play host to the traditional annual and spectacular sailing of the Maxi Yacht Rolex Cup, an event organized by the Yacht Club Costa Smeralda (YCCS) and celebrated since the early 1980s.
The dockside and exotic coastlines of Porto Cervo is not all about the breathtaking yachts though. This prized comune in Italy is also where Europe's most expensive real estate exists, and it's all luxury here. According to a study released by Engel & Völkers, a European luxury real estate brokerage, residential prices reach up to €300,000 (332,550 USD) per square metre. The resident populated here stands at 421 affluent inhabitants.
Porto Cervo lies in the northeastern corner of Sardinia, by the Tyrrhenian Coast of the Mediterranean Sea, south of La Maddalena island and France's island of Corsica.