This charming old waterfront villa on the road to Miramare Castle may have had a bit of its legendary elegance fade over the decades (and its five-star rating it perhaps one too much), but we tend to feel that it may actually be all the better for it, as the added character means you can now almost always find rooms online at huge discounts to the official rack rates we've listed here. The exceptional service gives one the feeling of being a long-lost member of the Habsburg nobility, while breakfast on the terrace on a sunny spring or summer morning is difficult to top.