Penthouse terrace with private infinity pool above La Condamine, Monaco

Commercial real estate · Off-market · Monaco · Ref. MBA-RE-001

Harbour-front penthouse and income-producing studio portfolio, Monaco

A 1,078 m² duplex penthouse with private infinity pool, offered with eight fully let studios in the same building overlooking Port Hercule. 1,525 m² in one address, presented privately to qualified buyers.

Key facts

The opportunity at a glance

Asking price, portfolio€146,034,000Penthouse and 8 studios, 13 parking spaces
Total living space1,525 m²In a single contemporary building
Current rental income€426,634 / year8 studios, fully let
Studio pricing2.5% below benchmark€52,765 / m² vs IMSEE €54,099 / m²
Penthouse terrace with private infinity pool, MonacoView over Port Hercule and the Rock of Monaco

Summary

Asset summary

LocationLa Condamine, overlooking Port Hercule, Principality of Monaco
TypeResidential portfolio: duplex penthouse + 8 studio apartments
StatusOff-market · penthouse refurbishment in progress · studios fully let
Penthouse1,078 m² duplex on the top two floors · 5 en-suite bedrooms · private infinity pool · 5 parking spaces
Studios8 units, 50–63 m² each, 447 m² in total · 8 parking spaces
Asking price€146,034,000 for the portfolio (penthouse €119,000,000 · studios €27,034,000 incl. parking)
SaleOne portfolio: the penthouse and all 8 studios together
ReferenceMBA-RE-001

Who it suits

  • Ultra-high-net-worth families wanting a principal residence with staff, guest or family quarters in the same building
  • Family offices seeking a scarce, income-producing Monaco asset for long-term capital preservation
  • Buyers who want a principal residence that pays part of its own way, through 8 fully let studios with flexible leases

The penthouse

One of the largest private residences in Monaco

A 1,078 m² duplex occupying the top two floors, with floor-to-ceiling glazing towards the harbour and the Rock, a loggia that wraps around the main level and a rooftop terrace with a private infinity pool and summer kitchen.

  • Main level: grand living and dining room, kitchen with fitted laundry, master suite with dressing area and bathroom, three further en-suite bedrooms, service entrance
  • Top level: living area, fifth en-suite bedroom, office, fitness room, summer kitchen, terraces and infinity pool
  • 5 private parking spaces
  • Upgrade works in progress; the specification and completion timetable are shared after NDA

Penthouse figures

  • Share of portfolio price: €119,000,000
  • Size: 1,078 m² (about €110,400 / m²)
  • Bedrooms: 5, all en suite
  • Parking: 5 spaces

The studios

Eight fully let studios with built-in flexibility

  • 8 unfurnished studios of 50–63 m² on two floors, 447 m² in total, each with a private parking space
  • All let on leases of one year at most, ending on a rolling basis with three months’ notice, so vacant possession can be obtained unit by unit
  • Two pairs can be combined into larger apartments of about 100 m² and 120 m², subject to building permit and co-ownership consent
  • Each unit can be used as a residence or as an office, widening the pool of tenants and buyers
  • Priced at €52,765 / m² on average, 2.5% below the official IMSEE benchmark of €54,099 / m²
Studios, excl. parking€23,586,000
8 parking spaces (€431,000 each)€3,448,000
Studios incl. parking (share of price)€27,034,000
Rent, average per unit€4,444 / month
Rent, all 8 units€35,553 / month
Rent, annual€426,634

Returns

Income and return profile

Prime Monaco property is bought for scarcity and long-term capital preservation as much as for income. The figures below are calculated from the seller’s current rent roll and asking prices, before charges, taxes and costs.

MeasureBasisFigure
Gross yield, studios incl. parking€426,634 ÷ €27,034,0001.58%
Gross yield, studios excl. parking€426,634 ÷ €23,586,0001.81%
Rent reversion, illustrativeAll 8 studios re-let at the current top rent of €5,000 / month€480,000 / year (+12.5%)
Entry price vs benchmark€52,765 / m² vs IMSEE €54,099 / m²−2.5%
PenthouseOwner-occupier asset; refurbishment in progressNo rental income assumed

Illustrative figures, not a forecast or investment advice. Rents, service charges and exact lease dates are confirmed in the information memorandum.

Confidential information

What qualified buyers receive

  • Building name, exact address and floor plans of every unit
  • Full rent roll with lease end dates and service charges
  • Penthouse refurbishment specification and completion timetable
  • Ownership structure and the documents for due diligence
  • Private viewing arranged with our Monaco team

3 steps

  1. Register below. Free, about three minutes.
  2. Sign the NDA and complete KYC.
  3. Proof of funds, then the information memorandum and a viewing.

Ref. MBA-RE-001 · free registration

Request the information memorandum

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Presented off-market by Monaco Business Angels. Prices are the seller’s 2025 asking prices; areas, rents and other figures are indicative, provided by the seller’s side and subject to verification and due diligence. Combining units requires a building permit and co-ownership consent. This page is not an offer or a contract, and nothing on it is investment, legal or tax advice. Confidential details are released only after a signed NDA, KYC and proof of funds.

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