The real estate sector in Monaco is distinguished by its exclusive nature. It attracts a wealthy clientele looking to discover exceptional homes for sale that combine modernity and elegance. To meet this demand, luxury real estate projects in Monaco are regularly delivered. Two prestigious complexes have recently opened: Bay House and Mareterra.
The emergence of new property developments in the heart of the Principality
Monaco’s luxury real estate market is characterised by its prestige and exclusivity. With a surface area of barely 200 hectares, the Principality has limited land available. However, it is attracting an ever-increasing number of foreigners. To meet this growing demand, new luxury real estate projects in Monaco have recently been launched.
Bay House, a luxury residence with exceptional apartments and villa residences, with between 3 and 6 bedrooms, was unveiled in November 2024. The following month, the opening of the new Mareterra district added 6 hectares to the seafront. These two projects have already reinforced the exclusive nature of the Monegasque market by driving up the average price of an apartment in Monaco.
Bay House: a large-scale project in the Larvotto neighbourhood
The new Bay House residence has an exceptional setting. It is located in the heart of Larvotto, one of the most sought-after places in Monaco. Its prime location offers residents a unique view of the Mediterranean. Its construction is an integral part of the Testimonio II project.
This development is designed as a vast complex including two residential towers, an international school, a crèche and the Bay House residence. It comprises 56 luxury apartments in Monaco with top-of-the-range finishes and bay windows that light up the interior.
Bay House also features five luxurious villas designed to offer optimum comfort. Each villa embodies all the prestige of the Monegasque property market, with floor areas of between 1,500 and 2,500 m². All the residences have terraces with swimming pools overlooking the sea.
Bay House is one of the largest luxury real estate projects in Monaco. Residents benefit from a host of services, including a concierge service, valet parking, a spa and fitness rooms. The residence also has a security service on site at all times.
Mareterra: an ambitious project combining luxury and the environment
Opened in December 2024, Mareterra is one of Monaco’s most ambitious luxury real estate projects. Like Fontvieille, this new area is built entirely on the sea. Nestled between Monte Carlo and Larvotto, this development offers residents a unique living environment combining luxury and innovation.
Designed as an eco-district, Mareterra is mostly pedestrianised, with many green spaces. It is organised around a central square that serves a small port and an esplanade running alongside the sea. It also includes commercial spaces and luxury properties.
Mareterra is made up of several residences, each with its own specific characteristics:
- Le Renzo: this building boasts spacious apartments ranging from 3 to 12 rooms, all with through-views for maximum light.
- Les Jardins d’Eau: surrounded by lush vegetation, these residences feature exceptional apartments with vast terraces.
- Townhouses: completely covered in vegetation, these townhouses blend into their surroundings with their interior patio.
- Villas: inspired by the mansions of the Belle Époque, each sumptuous villa has a private pool, the epitome of luxury and elegance.
Do you need advice on investing in real estate in the Principality? Contact our Coletti Real Estate agency, delivering excellence at the heart of the Monegasque market. Our team reveals why you should invest in a luxury apartment in Monaco and how to make the most of your investment.
