Monaco might be one of the smallest states in the world (second only to the Vatican), but location still reigns supreme.

The 2.02 km-squared city-state is divided into seven distinct districts, each with its own unique appeal. Choosing where to buy or rent Monaco property will be determined by a combination of factors, including your desired choice of District as well as your Monaco residence.

If you’re considering renting or investing in Monaco real estate and looking for the best places to live in Monaco, read on.

Here, we explore Monaco’s most sought-after districts, as well as the most popular and luxurious Monaco Residences to call home, as recommended by local real estate agents.

Best Places to live in Monaco: Districts and Residences

Monaco’s Districts

The Principality of Monaco has seven districts; Monte-Carlo, Larvotto, La Condamine, Saint Roman, Fontvieille, Jardin Exotique, Monaco Ville, and Moneghetti. 

Each district has its own unique appeal, and your choice of district will depend on your desired experience. Monte-Carlo, for example, is the most exclusive and appeals to individuals who wish to be at the heart of all the action. Jardin Exotique, on the other hand, is more low-key, while Larvotto is often desired by families, thanks to its picturesque beach. Let’s not forget to include Mareterra, a brand-new eco-district currently under development.

Monaco Residences: The Most Luxurious in the Principality

Within each of these districts, you’ll find some of the Principality’s most desired Monaco residences. Let’s explore some of the most desirable residential buildings in each district.

L’Exotique – Jardin Exotique

This exciting new development is nestled in Jardin Exotique, Monaco’s westernmost district and the gateway to the Principality. L’Exotique is surrounded by lush tropical landscaping and has been designed by award-winning French architect and engineer Rudy Ricciotti. Residents will benefit from a swimming pool and gym, 24/7 security, a wellness centre, private parking, and spectacular sea views.

One Monte-Carlo – Monte Carlo

The residences at One Monte-Carlo form part of a brand new fashion district in the Carre d’Or – the most exclusive area of Monte-Carlo. Residents benefit from immediate access to high-end boutiques, gourmet restaurants, lush green spaces, and the Thermes Marins Monte-Carlo pool and fitness centre. Optional hotel services are also available, including room service, housekeeping, and laundry. Residents also enjoy sweeping views of the iconic Monte-Carlo Casino and the Golden Square.

Tour Odéon – La Rousse

Tour Odeon is Monaco’s iconic twin-tower skyscraper, boasting some of the principality’s most opulent Monaco residences, with many boasting breathtaking views. Designed by the Monaco-based architect Alexandre Giraldi, with interiors by the Alberto Pinto Agency, residents enjoy a refined selection of amenities to ensure a luxurious lifestyle, including 24/7 concierge services, housekeeping, valet and limousine services, a spa and hair and beauty salon, an indoor swimming pool, a gym, and a garden relaxation area.

Le Stella – La Condamine

La Condamine appeals to those seeking a traditional slice of Monegasque life, and the modernist La Stella is one of the district’s most luxurious and eye-catching Monaco residences, courtesy of its white, ribbon-like façade. La Stella was designed by Jean-Pierre Lott and Alexandre Giraldi. The building spans 12 floors and includes over 90 apartments, many of which are duplexes. Amenities include concierge services, fitness rooms, 24/7 security, and easy access to all of La Condamine’s varied offerings, including its famed Farmers Market and Port Hercules, home to the world’s finest superyachts.

Larvotto – Bay House

Bay House Monaco is one of the Principality’s most exciting new residential developments. Located close to Larvotto Beach and with many residences boasting superb sea views from floor-to-ceiling windows, Bay House Monaco offers luxury living in one of Monaco’s most exclusive districts. Residents of Bay House will benefit from a host of amenities, including a wellness centre with a steam room and sauna, a dedicated concierge, dry cleaning and valet services, and a luxurious pool. Each apartment is equipped with state-of-the-art home automation, offering the ultimate Monaco residence for those seeking limitless levels of luxury.

Fontvieille – Les Terrasses du Port

Fontvieille is a dynamic residential and commercial district in Monaco that provides easy access to the French Riviera as well as the exclusive amenities of Monte-Carlo. Les Terrasses du Port is considered one of Fontvieille’s most sought-after residences, located right on the marina of Cap d’Ail and boasting panoramic views of the Mediterranean Sea. Residents benefit from the private enjoyment of a large outdoor swimming pool, a sauna and steam room, a fitness studio, and 24-hour security services. For added convenience, this elegant Monaco residence is located right next to the Fontvieille heliport.

Monaco-Ville – Ultra-rare villas and Belle Epoque buildings

Monaco-Ville is a highly exclusive area of Monaco, home to the Prince’s Palace. Monaco residences here are primarily made up of ultra-luxury villas, many of which date back several hundred years. This district has a feeling of a bygone era, with mostly pedestrianised cobbled streets, pretty pastel-hued buildings, and local eateries and boutiques at street level. Located on Monaco’s legendary Rocher, Monaco-Ville offers an enchanting destination to call home.

Moneghetti  – Le Palais du Printemps

Moneghetti, or Little Monaco, is the Principality’s northcentral district, located between the exotic garden and Monte-Carlo and the main point of contact between the foothills of the French Alps and the Mediterranean. It’s ideal for families, with a laid-back yet bustling atmosphere. Bordering Monte-Carlo, La Condamine, and Jardin Exotique, it is within striking distance of Monaco’s best amenities. Le Palais du Printemps is a sought-after Monaco residence in Moneghetti. It is a charming Belle Epoque building, favoured for its voluminous proportions and high ceilings that give a wonderful feeling of space. Many apartments in Le Palais du Printemps also benefit from breathtaking views of the Principality of Monaco and the Mediterranean Sea.

Mareterra Residences – Mareterra

This transformational mixed-use development is set to create a brand-new Monaco eco-district, one that is future-proof courtesy of the latest green technologies and sustainable design features. Mareterra will boast a refined mixture of Monaco residences, including waterfront apartments, penthouses, townhouses, and ultra-rare waterfront villas. The residences have been designed to epitomise the elegance of life on the French Riviera, and residents will naturally benefit from a full suite of amenities. Sustainable features include solar panels, rainwater reuse, charging stations for electric vehicles, and carefully planned gardens to encourage biodiversity.

How to choose the best Monaco residence to invest or live in? 

Your choice of Monaco residence will depend on your unique preferences. Key considerations when investing in Monaco include:

• Price, which is determined by not only the size of the residence but also its location and desirability.
• Position and proximity to key service providers, such as schools, supermarkets, shops, restaurants, spas, the beach, and the heliport.
• On-site amenities, for example concierge services, swimming pools, fitness suites, security, and dedicated parking.
• View, including whether you wish to have a sea view.

Working with an experienced Monaco real estate agent with knowledge of the local market will help you define your priorities and needs. The best agents will be able to provide trusted advice on the best districts and Monaco residences to help refine your search for a real estate investment.