The Principality of Monaco may only be 2.1km2 but it certainly attracts wealthy families and investors to relocate. Monaco Real Estate market is some of the most sought-after in the world. A favourable tax regime, excellent health care, security, high-end lifestyle and the ideal geographical location contribute to making it an enticing place to take up residence.
The Principality of Monaco officially has four districts: Monte-Carlo, La Condamine, Monaco-Ville and Fontvieille, sometimes referred to as quarters.
A further five neighborhoods make up the principality of Monaco: Larvotto, La Rousse, Moneghetti, Jardin Exotique and the soon to be Mareterra.
Each of the Monaco areas has specific characteristics and features that makes it unique.
Monaco’s districts and neighborhoods in details
Monte Carlo
This is definitely the most populated district of the Principality of Monaco. The sumptuous buildings of the Casino, the Hôtel de Paris and the Café de Paris line the three sides of the Place du Casino – the beating heart of Monte-Carlo. The One Montecarlo, home to numerous exclusive and top brands, as well as beautiful offices and apartments for rent, has definitely changed the atmosphere of this neighbourhood.
La Condamine
La Condamine is located near Port Hercule – Monaco’s main port. This district of Monaco is also the host of many famous events, as well as the starting and finishing point of the Monaco Grand Prix circuit. In La Condamine, the Olympic public swimming pool of the Stade Nautique Rainier III – located behind the port – serves as a municipal ice rink every winter. The Condamine market is a must in the principality. It is open every day of the year, and offers, in addition to a covered market and an open-air market for fresh fruit and vegetables, a “Food Hall” welcoming the public in the evening.
Monaco Ville
It is on this rocky hill overlooking the Mediterranean that the history of Monaco began. The district now known as Monaco-Ville is also nicknamed Le Rocher. It is one of the most visited tourist areas of the Principality. Tourist attractions in this district include the Prince’s Palace, the Oceanographic Museum, the Saint Martin Gardens and the Cathedral, among others. Pastel-colored buildings line the maze of medieval streets of Le Rocher populated by shops and restaurants. This area of Monaco has its own post office, grocery store, pharmacy, schools, and is host to important government buildings.
Fontvieille
Reclaimed from the sea in the course of the 1990s, Fontvieille is still to this day the newest district of Monaco. Located in the south of the Principality of Monaco. The buildings of Fontvieille are surrounded by greenery. The Princess Grace rose garden, a park and the paths along the sea wall and the port, give this district a refined atmosphere. The Fontvieille district offers a wide choice of restaurants, a shopping center, several museums and the Monaco heliport. These features make it one of the most residential area of Monte Carlo.
Larvotto
The Larvotto district is popular for its lively beaches and luxury hotels. A few steps away, the Japanese Garden is an oasis of calm with its sacred waterholes, trees, shrubs, and lush flowers. The district is also host to the Grimaldi Forum, the principality’s convention center. This district is now extending thanks to the development Mare Terra, a new neighborhood which has been built ‘on the sea’.
Larousse
Located on the border between Beausoleil and Roquebrune Cap Martin, La Rousse is after Monte-Carlo the second most populated district of Monaco. This is the district of the principality with the most housing. Residents appreciate the proximity to the shops, supermarkets the Larvotto beach and the city center.
The Moneghetti
The Moneghetti district is located in the center-north of the principality between the Exotic Garden, La Condamine and Monte-Carlo. Its highest point borders with the French town of Beausoleil. The Moneghetti district stands on terraces built on steep slopes overlooking Port Hercules and Monaco-Ville. There are still many Belle Époque buildings that mix with contemporary buildings. The Monaco train station is located here.
Jardin Exotique
Perched on the northwest edge of Monaco, the Jardin Exotique district offers breathtaking views of the Principality of Monaco with the Mediterranean as a backdrop. This district of Monaco is a mainly residential area, it is home to a wide range of properties. Public lifts provide easy access to La Condamine and Fontvieille. In addition to its famous botanical garden and the Princess Grace Hospital, this area has several shops and a school. Many new buildings have risen in this up and coming district, making it become more and more exclusive and requested by clients.
Mareterra
This project and area embodies a beautiful new community of residential, cultural, and recreational spaces that celebrates the spirit and sensations of the Mediterranean. The name ‘Mareterra’ is inspired by the two complementary elements of the project: the sea and the land. Developed using pioneering, sustainable building techniques, Mareterra lies at the heart of the Principality’s future growth.
