Monaco property prices in 2025 range from approximately EUR 28,000 to EUR 35,000 per square metre at the entry level in Fontvieille and Jardin Exotique, to EUR 50,000 to EUR 80,000 per square metre for quality apartments in Monte Carlo and Larvotto, and EUR 80,000 to over EUR 120,000 per square metre for trophy assets in the Carre d’Or and flagship new developments. Total prices for individual apartments start at approximately EUR 1 million for small studios and extend to EUR 50 million or above for penthouses and large sea-view units.
MONACO PROPERTY PRICES: WHAT EACH DISTRICT COSTS IN 2025
MONTE CARLO: PRICING IN THE HISTORIC CENTRE
Monte Carlo is Monaco’s historic commercial and residential heart, home to the Casino, the Hotel de Paris, and the Carre d’Or shopping district. Property prices in Monte Carlo vary considerably by building age, floor, and view. In older mid-market buildings, prices can start at EUR 35,000 to EUR 45,000 per square metre. In modern buildings and new developments with sea or Casino views, prices reach EUR 60,000 to EUR 90,000 per square metre.
The Carre d’Or, the premium quadrant bounded by the Casino, Boulevard des Moulins, and the Condamine border, commands a location premium above the broader Monte Carlo average. Trophy addresses on Avenue Princesse Grace or with direct Casino-garden views have transacted above EUR 100,000 per square metre in recent years. [CITATION NEEDED: IMSEE 2024 Monte Carlo district transactions; Dameno data]
For current Monte Carlo listings see /monte-carlo/.
LARVOTTO: BEACHFRONT PREMIUM
Larvotto is Monaco’s beachfront district, located on the eastern edge of the Principality with direct access to the Mediterranean. Properties with unobstructed sea views, particularly on upper floors, command among the highest prices in Monaco. Sea-view apartments in Larvotto reach EUR 60,000 to EUR 100,000 per square metre, reflecting the scarcity of genuine beachfront supply in Monaco.
Properties without direct sea views in Larvotto, or those in older buildings without the premium specifications of the seafront, range from EUR 35,000 to EUR 55,000 per square metre. The Mareterra development, adjacent to Larvotto and currently completing, will add a limited new residential supply to this eastern zone at prices reflecting new-build specifications and exceptional positioning. [CITATION NEEDED: Mareterra pricing, SAM Le Portier; IMSEE Larvotto district data]
For Larvotto listings see /larvotto/.
FONTVIEILLE: ENTRY POINT FOR MONACO
Fontvieille is the most affordably priced district in Monaco, situated on the western edge of the Principality and developed primarily as an industrial and commercial zone in the 1980s. Residential properties here range from approximately EUR 25,000 to EUR 40,000 per square metre. The Tour Odeon, located in Fontvieille, is a notable exception, with prices in the residential tower significantly above the district average.
Fontvieille appeals to buyers who prioritise value for money within Monaco’s structure, or to those whose business activities are located in the adjacent commercial zone. The district offers marina access via the Port de Fontvieille, a quieter residential environment, and a connection to the Jardin Exotique area. [CITATION NEEDED: IMSEE 2024 Fontvieille district price data]
For Fontvieille listings see /fontvieille/.
LA CONDAMINE: PORT-FACING AND MID-MARKET
La Condamine is the district surrounding the Port Hercule and the traditional residential and commercial area beneath Monaco-Ville (the old town). Prices in La Condamine typically range from EUR 35,000 to EUR 60,000 per square metre, with a premium for apartments facing the port and with direct water views.
The district is well connected and within walking distance of Monte Carlo’s commercial centre. It appeals to buyers who want proximity to the port, a traditional neighbourhood character, and relatively more accessible price points than the Carre d’Or. [CITATION NEEDED: IMSEE 2024 La Condamine district price data]
For La Condamine listings see /la-condamine/.
JARDIN EXOTIQUE: ELEVATED AND RESIDENTIAL
Jardin Exotique is a predominantly residential district on the western elevation of Monaco, above Fontvieille. Properties here offer elevated views over the Principality and beyond, with a quieter residential character. Prices range from approximately EUR 25,000 to EUR 45,000 per square metre. The district is slightly removed from the commercial centre, which is reflected in the lower price point relative to Monte Carlo and Larvotto.
For Jardin Exotique listings see /jardin-exotique/.
NEW DEVELOPMENTS: PRICE PREMIUM FOR MODERN STOCK
New and recently completed developments consistently transact at a premium to existing resale stock, reflecting modern specifications, building amenities, and the relative scarcity of genuinely new residential supply in Monaco. The premium for a new-build apartment versus a comparable existing apartment in the same district is typically 20% to 40%, though in flagship addresses such as One Monte-Carlo and Mareterra, the premium is larger.
Off-plan pricing, where available, typically reflects the expected delivery value at a slight discount to encourage early commitment. In Dameno’s experience, off-plan buyers in Monaco’s new developments have historically benefited from price appreciation between reservation and delivery in strong market conditions. [CITATION NEEDED: IMSEE 2024 new-build vs resale price differential; Dameno off-plan transaction data]
For current new development pricing, see /monaco-new-developments/.
PRICE PER SQUARE METRE: SUMMARY TABLE
The following is a guide range for 2025, based on recorded transactions and current listings. All prices are EUR per square metre of interior floor space:
Carre d’Or / Trophy Monte Carlo: EUR 70,000 to EUR 120,000+. Standard Monte Carlo (modern): EUR 50,000 to EUR 80,000. Standard Monte Carlo (older): EUR 35,000 to EUR 50,000. Larvotto (sea view, modern): EUR 60,000 to EUR 100,000+. Larvotto (no sea view or older): EUR 35,000 to EUR 55,000. La Condamine (port view): EUR 45,000 to EUR 65,000. La Condamine (no port view): EUR 35,000 to EUR 50,000. Fontvieille (general): EUR 25,000 to EUR 40,000. Jardin Exotique: EUR 25,000 to EUR 45,000.
[CITATION NEEDED: IMSEE 2024 residential transaction price data by district; Dameno 2024 listing and transaction analysis]
WHAT DRIVES PRICE VARIATION WITHIN DISTRICTS
Within any district, the most significant price variables are: floor level (higher floors command a premium of 1% to 3% per floor in many buildings, tapering at extreme heights), view type and quality (sea view commands 15% to 40% premium over no-view equivalent), building age and specification (new-build at a 20% to 40% premium), terrace presence and size (large terraces add EUR 5,000 to EUR 15,000 per square metre of terrace area in prime buildings), and building services (concierge, pool, parking).
In Dameno’s experience, the most underpriced category in the Monaco market is typically mid-floor apartments in high-quality modern buildings without direct sea views, where buyers systematically pay more for view than specification. The market periodically misprices quality relative to location, and identifying this gap is central to Dameno’s advisory process.
For a personalised price analysis for a specific property or search criteria, contact Dameno directly.
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FREQUENTLY ASKED QUESTIONS
What is the cheapest district in Monaco for property?
Fontvieille and Jardin Exotique are the most affordably priced districts in Monaco, with prices typically ranging from EUR 25,000 to EUR 40,000 per square metre. These districts are on the western edge of the Principality and are primarily residential with some commercial and industrial use. They remain part of Monaco and provide full access to the Principality’s residency and tax framework.
What is the most expensive area in Monaco?
The Carre d’Or in Monte Carlo is consistently the most expensive area in Monaco on a price-per-square-metre basis. Trophy assets on Avenue Princesse Grace and in landmark buildings adjacent to the Casino have transacted above EUR 100,000 per square metre. Larvotto beachfront properties with unobstructed sea views are comparable at the premium end.
How much does a 1-bedroom apartment cost in Monaco?
A one-bedroom apartment in Monaco typically costs between EUR 1.5 million and EUR 5 million depending on district, building, floor, and view. In Fontvieille, one-bedroom apartments start at approximately EUR 1.5 million to EUR 2 million. In Monte Carlo and Larvotto, one-bedroom apartments in modern buildings with views range from EUR 3 million to EUR 5 million or above.
Do Monaco property prices include parking?
Monaco property listings may or may not include parking depending on the building and transaction. In modern buildings, parking spaces are typically sold or leased separately, priced at EUR 150,000 to EUR 300,000 per space. In older buildings, parking may be included. Always confirm whether parking is included in the advertised price and verify the number of parking spaces available.
Are Monaco property prices rising in 2025?
Monaco property prices have demonstrated structural resilience over multi-year periods, supported by constrained supply and persistent international demand. Short-term price movements reflect global financial conditions and exchange rate dynamics. Current price levels and market activity are best assessed through direct consultation with Dameno’s team, who monitor transaction data in real time. [CITATION NEEDED: IMSEE 2024 annual market review]
