Monaco is the most expensive real estate market on the planet. According to the latest Real Estate Observatory report, the average price per square metre in 2020 was 47,619 Euros. The district of Larvotto recorded the highest average price per square metre, coming in at 65,000 Euros per square metre in 2020. In comparison, only Hong Kong and New York come close to matching Monaco’s real estate prices, with reports highlighting that real estate in Hong Kong costs an average 44,700 Euros per square metres, and New York’s real estate costs an average 24,300 Euros per square metre. The report, published by the Monegasque Institute of Statistics and Economic Studies, highlights how Monaco’s real estate prices have doubled in the past decade as the principality has established itself as one of the most sought-after destinations in the world.
So, how much does an apartment cost in Monaco? Here we highlight some Monaco apartments for sale at various price points.
How much does an apartment cost in Monaco?
Monaco real estate prices: under 5 million Euros
Priced at under 5 million Euros is this spectacular four-room mixed-use apartment located in the exclusive Monte-Carlo district, just moments away from the iconic Casino Gardens, home to some of the most exclusive Monaco real estate. Set in a quiet building, this spacious apartment includes three bedrooms, a living room with a fully equipped kitchen, and a terrace, ideal for enjoying the warm Mediterranean sun. Its mixed-use designation means that the apartment can be used as either residential or commercial premises or a combination of the two. Residents will also benefit from a shared park and a dedicated security service.
Another Monaco property priced at under 5 million Euros is this spacious three-room apartment located in the desired district of La Rousse. Perfect for those seeking to put their own stamp on their Monaco real estate, this property offers potential for restructuring and renovation. It offers a spacious living room, a separate kitchen, two bedrooms, a bathroom and a guest toilet, plus a terrace with sea glimpses. It also comes with a handy cellar, ideal for storage. The highlight of this voluminous Monaco apartment is its shared outdoor swimming pool surrounded by sun loungers, ideal for enjoying leisurely days.
Monaco real estate prices: 5 to 10 million Euros
Enjoy spectacular views of Port Hercules and the Mediterranean Sea stretching out into the horizon from this superb 4-room apartment in La Condamine, located in the desired modern Soleil d’Or residence. Completely refurbished, this prime Monaco real estate offers large terraces, a spacious living room with a state-of-the-art kitchen with a central island, elegant bathrooms with marble finishes, and security service. This Monaco apartment also comes with a dedicated garage.
Another superb Monaco apartment in this price range is this refined 5-room apartment in La Rousse-Saint Roman. Boasting sweeping views of the Principality of Monaco and the Mediterranean Sea, this Monaco apartment offers luxurious living at its finest. Completely refurbished, this apartment offers a living room and dining room that both lead onto a spacious terrace. Also included is a fully equipped kitchen, study space, a master suite with bathroom, a second bedroom with shower room, and an additional room that could be used as a guest bedroom or home office. Additionally, this residence comes with an outdoor pool with pool house, a fitness room, sauna, landscaped gardens, and round-the-clock security service.
Monaco real estate prices: 10 million Euros plus
At 10 million Euros plus, property investors can enjoy voluminous sized apartments, such as this rare opportunity to purchase three apartments and transform them into one spectacular Monaco property. Located in the elegant Jardin Exotique area, just moments away from some of Monaco’s finest offerings, these apartments are set on a high floor, offering panoramic views of the sea and the principality. In addition, multiple terraces provide ample outdoor space, ideal for intimate gatherings or alfresco gatherings. Located in the Patio Palace, this refined Monaco residence includes an outdoor pool and a 24-hour security service, offering complete peace of mind. Additionally, this residence has two parking spaces, offering the utmost convenience.
Many of Monaco’s most exclusive and sought-after properties – especially priced at more than 10 million Euros, are sold off-market. An off-market property gives both the buyer and seller complete discretion and privacy, with only a select few knowing about the property transaction.
La Costa Properties Monaco offers an exclusive selection of Monaco apartments for sale, both on and off-market, to suit the most discerning real estate investors. Our agents stay up to date with the latest Monaco real estate prices and trends, offering our clients trusted and expert advice. Browse Monaco apartments for sale here, or contact us today.