Sun, Sea, and Luxury

BORDERED BY the French Alps on three sides and the Mediterranean Sea on its fourth, Monaco is a stone’s throw from both Liguria and Nice. This densely populated sovereign state draws tourists with its gorgeous scenery, famous Casino de Monte-Carlo, and mild weather.

As for expats, the most popular motive for making Monaco one’s permanent port of call? Low business taxes and zero property, council, personal, or wealth taxes. Residents also reap the benefits of living on the sea at the foothills of the Alps. Lack of a language barrier is another plus: Almost everyone speaks

English. Add the accessibility of being about an hour’s drive from the French Riviera, the Ligurian Alps, and in the winter, both French and Italian ski resorts—and you have a home away from home in European heaven.

The big news in real estate recently is the success of the Mareterra land reclamation development: six hectares reclaimed from the sea, housing more than 110 apartments and 10 villas. Monaco is the most expensive real estate market in the world, and this new residential development plan is the most expensive of its kind, with apartments priced around €40 million and villas over €150 million. The project has sold out off-plan, despite a completion date set for the end of 2024. It is an amazing example of the high level of confidence investors have in Monaco.

Younger families and entrepreneurs, too, are moving to Monaco—and the area has evolved to cater to them, with more schools and improved living infrastructure.

Rentals, once plentiful in Monaco, have become scarce thanks to increasing demand from prospective buyers, who often choose to rent before investing. Fortunately, Americans ready to make a purchase will find banks in Monaco more willing to facilitate mortgages than in the past.

Districts In Demand

Of the 10 districts in Monaco, most people want to be in the central Monte-Carlo district, also known as the Carré d’Or (Golden Square), where you can find the Casino de Monte-Carlo and Hôtel de Paris. Many of the best hotels, restaurants, and shops are located nearby. However, as Monaco evolves, adding improvements and new developments, homebuyers are able to cast a much wider net.

In the district of Fontvieille, you’ll find a small marina and heliport in a slightly quieter locale, making it a favorite with families and pro athletes. In the past year or so, Larvotto has gained popularity after the beach, restaurants, and shops all got a glow-up.

Because 99 percent of Monaco’s residences are apartments, historic properties such as villas from the early 1900s come at a premium. They are also hard to find, since many are being replaced by new high-rise developments to satisfy increasing demand. Another option is to update an older apartment. Although the majority on the market are more than 50 years old, many are in prime locations, often with amazing views.

There are no restrictions to buying in Monaco and no rules about how much time you spend in your property, which makes the buying process similar to buying a home in the U.S. or London—much simpler and more straightforward than in many global markets. With an exceptionally strong dollar and weaker euro, it’s an excellent time to invest in a home in Monaco. If you can buy early and off-plan in a new development, it’s a relatively safe bet that your property value will increase by at least 20 percent by the time you move in or sell.

—Edward de Mallet Morgan, Partner, Head of

Sales,

AN OASIS OF LIGHT IN THE HEART OF MADRID

Salamanca District, Madrid, Spain | €21,000,000 | Luxurious penthouse designed by award-winning architect Rafael de la Hoz. Eighth and ninth floors with a private terrace and pool, a total of 698.6 square meters of private and common areas plus 266 square meters of terraces, 4 parking spaces, 24/7 concierge and security service, a gym, heated indoor pool and rooftop infinity pool. Web# MAD012335698. Ana White O: +34 600 919 010, ana.white@es.knightfrank.com

Spectacular Country Estate With Panoramic Sea Views

Ibiza, Spain | €20,000,000 | Located in the wild and peaceful countryside between San Rafael and Santa Gertrudis is this 10-bedroom estate. Designed in a traditional Ibicencan style with thick white walls and beautiful Sabina wooden ceilings throughout, the estate comprises a main house, 2 guest houses, a staff house as well as a separate pool house, tennis court and covered outdoor dining areas. Web# RSI012224195. Edward de Mallet Morgan, O: +44 20 7861 1553, edward.demalletmorgan@knightfrank.com

MAJESTIC SEA-VIEW ESTATE OVERLOOKING PORTOFINO MARINA

Paraggi, Liguria, Italy | €18,000,000 | This impressive estate sits at the top of the promontory of Paraggi and is surrounded by a vast private park overlooking the bay of Paraggi and the entrance to Portofino marina. With a total floor area of 450 square meters, it features a splendid period villa, a 1-story annex and the servant’s quarter. Each building overlooks its own terrace and relaxation area and features charming sea views. Web# RSI012213806. Mark Harvey, O: +44 7825 732 032, mark.harvey@knightfrank.com

EXTENSIVE PRIVATE ESTATE WITHIN 11.7 HECTARES OF VINEYARDS | Algarve Countryside, Portugal

| €5,900,000

This beautifully restored estate is one of the oldest ‘Quintas’ in the Algarve. It includes a main farmhouse with an extensive entertaining space, 6 bedroom suites and a gym, and a separate cottage with its own gated entrace and an additional 2-bedroom guest apartment. There is also a private swimming pool, landscaped gardens, tennis court, parking area and licenced vineyards. Web# RSI012258043. Alex Koch de Gooreynd, O: +44 20 7861 1109, alex.kdeg@knightfrank.com

Superb Penthouse With Breathtaking Views

La Rousse, Saint Roman, Monaco | €17,500,000 | This luxury, modern penthouse apartment has been renovated to an exceptional standard offering 180 square meters of living space over 2 floors. The apartment has a light, open-plan living dining room and large terrace area with spectacular sea views and 3 bedroom suites. The extensive roof terrace with jacuzzi and 3 private parking spaces complete the property. Web# RSI0122822191. Edward de Mallet Morgan, O: +44 20 7861 1553, edward.demalletmorgan@knightfrank.com

Exceptional Home In The Endeavour Hills Of Mustique

Mustique, Saint Vincent & the Grenadines | $16,000,000 | Designed and built by Arne Hasselqvist and situated in a secluded hilltop position with spectacular views along the sought-after western coast of the island is this superb 6-bedroom villa. It’s extensive accommodation flows effortlessly throughout inside and out, providing perfect spaces for entertaining. The property also benefits from 2 swimming pools, a private plunge pool and separate staff accommodation. Web# RSI161205. James Davies, O: +44 20 7591 2646, james.davies@knightfrank.com

Unique Estate With Provencal Village Views

Saint Paul de Vence, Cote D'Azur, France | €6,300,000

A rarely found estate in Saint Paul de Vence with a rich history featuring James Bond villains and the Hollywood elite. The property offers accommodation across several buildings whilst sitting amid enchanting Provencal terraced gardens. Web# RSI190646. Jack Harris, O: +44 20 7861 1139, jack.harris@knightfrank.com

VIRTUALLY STAGED

4br Apartment In Freestone Haussmannian Building

7th Arrondissement, Paris, France | €5,975,000 | This 4-bedroom, 250-square-meter property sits in the historical and cultural heart of Saint Germain des Prés. Newly renovated, it benefits from a balcony with lovely city views, a southfacing reception area overlooking the gardens, a large dining and kitchen area and 4 en suite bedrooms. Web# RSI012289651. Roddy Aris, O: +44 20 7861 1727, roddy.aris@knightfrank.com

Exclusive Waterfront Apartments With Mooring For Private Boats

PALAZZO PONTE PICCOLO is an exclusive waterfront development located on the island of Giudecca, just a few minutes by boat from Piazza San Marco. It includes seven apartments in different sizes, from 135 to 485 square meters, with striking interiors and exteriors. Each residence features a unique design, color palette and bespoke finishes, with a private garden or terrace and access to water. This is the only luxury residential complex in Venice featuring a private spa. The architectural forms give life to unique spaces that emerge from a large basin of water, much like the elegant Venetian palaces. Immersed in water and entirely made of glass, our sauna is the most distinguishing feature of our spa. Separated from the other rooms by decorative glass walls is a well-equipped fitness center with a pool. Moreover, the privacy of Palazzo Ponte Piccolo is guaranteed by the creation of an exclusive garden, designed to give you as an owner the typical atmosphere of Venice: unique, secret and mesmerizing.

AMENITIES

• Pool

• Gym

• Spa

• Gardens

• Mooring

• Concierge

OCCUPANCY FEBRUARY 2025

PRICED from €2,800,000 to €9,500,000

Andrew Blandford-Newson andrew.blandford-newson@ knightfrank.com

IMPORTANT NOTICE: This information is provided for general information purposes only, and does not purport to contain all of the information that prospective purchasers may require. In addition, this information has been provided to Knight Frank by the vendor and Knight Frank does not guarantee its accuracy. Knight Frank has not undertaken an independent review of this information and prospective purchasers must make their own enquiries to satisfy themselves as to its accuracy. To the extent permitted by law, Knight Frank expressly disclaims any liability for any loss or damage which may arise out of any person acting on or relying upon any part of this information. Areas, amounts, measurements, distances and all other numerical information is approximate only. Any photographs show only certain parts of the property as it appeared at the time they were taken. Except where otherwise provided, all references to rent, income or price are GST exclusive. Any architectural rendering of unconstructed assets is indicative only and subject to change at any time prior to the completion of construction without notice.