As the world’s elite gather in Monaco for this weekend’s Grand Prix, the race cars won’t be the only thing moving at high speed. The principality’s real estate market remains one of the most exclusive in the world, attracting wealthy buyers with its low-tax policies and glamorous lifestyle. With less than a quarter of Monaco’s residents being native Monegasque, demand for prime real estate continues to soar.
Monaco’s luxury homes command the highest prices globally, averaging $4,500 per square foot, according to Christie’s International Real Estate. Ultra-premium developments such as Tour Odéon and La Petite Afrique cater directly to billionaire buyers, with the former featuring a penthouse listed for $330 million—potentially the most expensive home sale in history.
Paul Tostevin, a researcher at real estate consultancy Savills, notes, “Demand from a broad, global base, coupled with restricted supply, means that Monaco remains one of the most expensive destinations for ultra-prime property in the world.”
For those seeking a home near the heart of the Grand Prix action, here are three exclusive residences currently on the market:
Tour Odéon – Price Upon Request
- Size: 3,327 square feet
- Features: Monaco’s tallest tower offers a serviced apartment with a 24/7 concierge providing five-star amenities, including private jet and helicopter hire.
Avenue Princess Grace Penthouse – Price Upon Request
- Size: 8,859 square feet
- Bedrooms: 5
- Features: Located on one of the world’s most expensive streets, this ultra-exclusive penthouse boasts two entrances, a grand living/dining area, and a private rooftop terrace overlooking the Mediterranean.
Golden Square Waterfront Residence – $8.9 Million
- Size: 1,647 square feet
- Bedrooms/Bathrooms: 1 bed, 1 bath
- Features: Partly furnished with breathtaking sea views and a prime location near designer boutiques, Monaco’s famous casinos, and the Prince’s Palace.
For those looking to invest in Monaco’s legendary luxury real estate, these residences offer a rare opportunity to own a piece of the principality’s opulence.
