Living in Monaco is the epitome of luxury, home to the world’s richest individuals who seek refinement and exclusivity coupled with a vibrant economy and political certainty. Investing in real estate in Monaco not only represents a sound investment but also a route to residency, and for those who desire it, citizenship.
Monaco’s real estate market is dynamic and fast-moving, with property prices up 60% compared to a decade ago, according to the latest Real Estate Observatory Report. The average price per square metre in 2023 was €51,418, according to the report, making Monaco the most exclusive property market in the world.
If you’re thinking about investing in Monaco, read on. Here, we outline some of the top luxury residences in Monaco and explain why you should make a Monaco property investment.
Why choose Monaco for luxury living?
There are many reasons why you should choose Monaco for luxury living, including prestige and exclusivity, safety and security, and its prime location in the heart of the Mediterranean.
Prestige and exclusivity
Monaco’s prestige and exclusivity are unmatched, with the city-state home to the world’s most elegant designer boutiques, Michelin-star restaurants, lavish hotels and spas, and world-class service providers catering to the world’s wealthiest individuals.
Safety and Security
Monaco is considered one of the world’s safest cities, thanks to its low crime rate and high number of police officers – approximately one police officer per 100 residents. According to the World Risk Index, which assesses 193 countries on a complex interplay of natural hazards and social, political, and environmental factors, the Principality of Monaco ranks second, just behind Andorra.
Prime Location
Monaco boasts an enviable location near the French Riviera. Its central position puts key European destinations for both business and leisure within easy reach via the Nice Côte d’Azur Airport. The Principality’s location also offers wonderful year-round weather, with access to beautiful beaches during the summer and the nearby French Alps for winter sports.
What defines a luxury residence in Monaco?
Almost all of Monaco’s residences offer the city-state’s famed luxury lifestyle; however, a few key features make some properties stand head and shoulders above others. These include waterfront properties and those that offer sweeping views of the Mediterranean Sea; on-site amenities, such as pools, spas, fitness centres, valet parking, and concierge services; world-class, forward-thinking design; and sustainable features, such as green technologies that support eco-friendly living.
Mareterra Monaco: Monaco’s most exciting real estate investment
Mareterra Monaco is without doubt the Principality’s most exciting real estate investment opportunity.
Recently inaugurated by Prince Albert II, the new eco-district sets a new benchmark for excellence in Monaco. Mareterra boasts an exquisite collection of waterfront luxury apartments, penthouses, townhouses, and ultra-rare villas that offer sustainable, luxury living in Monaco.
Mareterra is the culmination of a decade-long US$2 billion project that has re-shaped the Principality’s coastline and expanded Monaco’s landmass by some 3%. Designed by an award-winning team of architects, engineers, designers, and ecologists, investors can choose from a superb selection of residential buildings, including, Le Renzo, the Jardins d’Eau, the townhouse, and the villas.
The new district has been carefully designed and built to align with Prince Albert’s aim of reaching carbon neutrality by 2050. Sustainable features include solar panels, waste-water recovery systems, smart lighting, and electric vehicle charging stations.
A new marina, shops and restaurants, and lush landscaped gardens further add to the allure of this groundbreaking land reclamation project.
What are the top luxury residences in Monaco?
Some of the top luxury residences in Monaco include:
Tour Odéon
Tour Odéon is Monaco’s tallest skyscraper, offering its residents captivating views of the Mediterranean city and the Monaco cityscape. The twin towers are the vision of developer Groupe Marzocco and the famed architect Alexandre Giraldi. Between them, they offer 60 ultra-luxurious apartments that set a new gold standard for luxury living in Monaco. The residences’ amenities include a Business Centre, valet parking, a 24/7 concierge service, including housekeeping and dry cleaning services, a full-service spa, and an on-site cafe and restaurant.
Parc Saint Roman
This elegant high-rise building in the district of La Rousse offers a range of chic apartments and luxury amenities synonymous with Monaco’s luxury lifestyle. Amenities include a swimming pool, sauna, fitness room, and 24/7 concierge service, providing the utmost convenience.
Bay House
Bay House is one of Monaco’s most recent developments and is located in Larvotto, with access via the famed Princess Grace Avenue, the world’s most expensive residential street. Residents benefit from an exceptional range of on-demand services and amenities coupled with beautifully designed spaces by world-class designers, including state-of-the-art home automation systems.
L’ Exotique
L’Exotique is a recently completed development in the picturesque district of Jardin Exotique, which offers an elevated position and a tranquil and relaxing environment. The development was designed by the award-winning French architect Rudy Ricciotti, the principal architect behind the MUCEM in Marseille, France. L’Exotique offers a superb selection of amenities, generous terraces that enable residents to embrace al fresco living, and lush tropical foliage, helping to foster a connection with nature.
Monte Carlo Star
This exclusive seafront residential building is located in Monaco’s famed Carre d’Or district, Monte-Carlo, putting the Principality’s most exclusive amenities within easy reach. Apartments are light and airy, with wonderful views of world-famous Port Hercules and the Mediterranean Sea. Facilities include an outdoor swimming pool, a fully equipped gym, concierge services, and well-kept gardens.
Villa Portofino
This new residential building in the district of La Condamine combines modern-day convenience with a more traditional architectural style, with residents benefiting from high ceilings, floor-to-ceiling windows, and a grand communal entrance. Every apartment in Villa Portofino boasts elegant interiors and designer touches, offering luxury living at its finest. With just 11 residences in total, Villa Portofino offers a sense of exclusivity and intimacy.
Le Mirabeau
This iconic, 26-storey Monaco residence is located in Monaco’s Carre d’Or, a prime destination in the heart of Monte-Carlo. This famed residence was formerly a hotel before it was converted into an ultra-luxurious residential building. Residents enjoy a full suite of amenities, including a large outdoor swimming pool, a private fitness studio, and round-the-clock concierge services.
Who chooses Monaco’s luxury residences?
Monaco’s luxury residences are chosen by entrepreneurs, celebrities, and ultra-high-net-worth individuals who desire the world’s finest and most sought-after residential buildings coupled with Monaco’s political and economic security, and exceptional amenities, including excellent health facilities and schools. Finally, Monaco’s steadily rising real estate prices provide wealthy investors with a sound investment.
A lifestyle beyond the residence
Monaco, is, of course, much more than a real estate investment. To own in Monaco is to embrace its luxury lifestyle and world-class amenities.
Residents of Monaco enjoy immediate access to exceptional Michelin-star restaurants, exclusive members only clubs, like the prestigious Monaco Yacht Club, and iconic landmarks such as the Prince’s Palace.
Owning a Monaco property also ensures residents can enjoy Monaco’s world-class events, including the famed Monaco Grand Prix, Monaco Yacht Show, and the Rolex Monte-Carlo Masters. Residents can further socialise and network at ultra-luxurious galas, such as the Red Cross Ball and the Rose Ball, which are both attended by VIPs, celebrities, and royalty.
Finally, residents have peace of mind that their entire wellbeing is in safe hands, with access to top-tier healthcare options, fitness facilities, and luxurious spas.
How can I make a Monaco real estate investment?
If you want to buy property in any of the above-mentioned Monaco residential developments, the best course of action is to contact a reputable Monaco real estate agency, like La Costa Properties Monaco. The best real estate agencies will be members of the prestigious Chambre Immobiliere Monaco and will offer expert advice and market intelligence to help you make an informed decision. The best real estate agents, like La Costa Properties Monaco, will boast an exquisite selection of luxury properties for sale, including the most sought-after Monaco residences. To make a Monaco investment in real estate, contact your chosen real estate agent.
This article was created in collaboration with La Costa Properties Monaco. All photos provided.