_Spectacular penthouse apartment for sale in Monaco with breathtaking views of the Côte d’Azur
Spectacular penthouse apartment for sale in Monaco with breathtaking views of the Côte d’Azur
Property
Monaco has become an increasingly popular choice for the super-rich. Renowned for its year-round sun, stunning scenery and famous Grand Prix, we look at a superb penthouse apartment for sale in the heart of the Mediterranean principality.
Asking price: €17,500,000
Monaco, with its thriving communities, year-round sun and world-famous Grand Prix, has long been popular with those seeking the pinnacle in luxury living.
And against a backdrop of global financial uncertainty leading the super-rich to re-evaluate where they want to live, Monaco is gaining attention. 2021 saw residential sales in the city-state rise by 7% and that figure is expected to climb this year, according to a new report by Knight Frank.
With breathtaking views over the principality, this spacious 3-bedroom penthouse apartment is on the market for €17,500,000.
The modern apartment is set over two floors and has been renovated to an exceptionally high standard. Sleek, high-end finishes decorate the large living/dining room, while three luxurious bedroom suites each have en suite bathrooms and walk-in wardrobes.
The real gem of this penthouse is the outdoor space, which has been perfectly designed with entertaining in mind. Outside there’s a generous terrace with Jacuzzi and a large seating area with a vista across the spectacular Côte d’Azur.
Monaco is a truly showstopping location - one that upholds its traditional heritage while embracing the demands of the modern world. Combined with its attractive tax arrangements and solid reputation for privacy and security, Monaco offers hassle-free living for the ultra-wealthy.
Its proximity to the Italian border also makes the city-state a melting pot of culture, food, health and wellness. The climate is traditionally warm and sunny for most of the year, yet you can hit the slopes at some of Europe’s most desirable ski resorts in less than 2 hours.
Each of the city-state’s eight key neighbourhoods has a range of stunning properties on offer, some of which are in the sought-after Belle Époque design, an architectural style the area is world-renowned for.
While undoubtedly a captivating place synonymous with sun, stunning scenery and fast cars, Knight Frank's new report reveals even more reasons why the super-rich should consider Monaco for their next move.
New Schools
Many young families are making the move to Monaco thanks to its excellent schooling options. As well as the highly revered International School of Monaco, a new British School of Monaco - accredited as a Cambridge school – is due to open in September 2022.
As a result, demand for more spacious apartments in these areas has risen. 3-bedroom properties accounted for nearly half of all properties sold in Monaco in 2021, the highest proportion since 2006.
Relative value
Of Monaco’s eight key neighbourhoods, Jardin Exotique arguably offers the best value. In 2021, the average price per square metre stood at €35,460, according to Monaco’s Statistics Office IMSEE. That figure that has risen 24% in the last five years and is likely to grow given the area’s improved connectivity.
New investment
Monaco’s government is investing heavily in its infrastructure. There’s land reclamation scheme The Mareterra Project, the Larvotto beachfront has been redeveloped, and the Heliport is being extended.
Also in the works is a new cable car linking Jardin Exotique and Fontvieille, which will form part of a bigger regeneration project for Fontvieille. By 2027, the neighbourhood will have transformed thanks to the addition of an urban forest and 30,000 sqm of commercial space with 80 stores and a multiplex cinema.
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