Nestled beneath a rocky outcrop on a headland that juts out into the Mediterranean Sea is the most affluent location on the French Riviera - Monaco. This compact enclave on the Cote d'Azur coastline occupies a land area no greater than one square mile, and is a principality that is separate from France, governed over by the monarch Prince Rainier III. Graced by the rich and famous, and home to the most famous Grand Prix circuit of them all, Monaco is a very special place in which to buy French property, and is reserved only for those who want a slice of the celebrity lifestyle.
Monaco is divided into five districts - Monaco-Ville, Condamine, Fontvieille, Moneghetti - and of course, Monte Carlo. Monaco-Ville is where the old Monaco town resides, along with the Prince's Palace and ramparts. The Condamine area primarily consists of the famous harbour, around which part of the F1 Grand Prix is held every year. Fontvieille is the most recent district to be added to Monaco. It occupies a land area of 22 hectares, all of which was reclaimed from the sea. Monte Carlo - the most famous district in Monaco - is where the Monte Carlo Casino is situated. It is also home to many of Monaco's plush hotels.
Given that Monaco is a relatively small and exclusive location, buyers will find that there is not an over-abundance of Monaco property to be found for sale in the principality. Monaco property that does become available for sale is often in the form of apartments. A 2-room apartment in the Tenao district will cost around 600,000 euros, while a 5-roomed apartment by the waterfront on a new development can be purchased for around 11,000,000 euros. There are some villas to be found amongst the French property for sale in the principality too. A six-roomed villa in France in the Monaco-Ville area with views over the Mediterranean can be acquired for around 3,000,000 euros.
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