LA CONDAMINE, MONACO
Apartment for Sale in La Condamine, Monaco USD 4,200,000
PROPERTY DETAILS
DESCRIPTION
The Palais Armida is a luxury residence located near the new station and a few minutes from the Casino. This beautiful apartment on a high floor benefits from an ideal location allowing you to easily reach the different districts of the Principality on foot. It offers a lovely view of the city, the Rock and the Port. Sold with a cellar. The apartment is currently rented for €6,150 + charges / month. Entrance, Living/dining room, Bedrooms, Renovated shower room, Shower room, Equipped kitchen, Balcony.
NEIGHBORHOOD · LA CONDAMINE · MONACO
La Condamine is the central ward and a quartier in the Principality of Monaco. The quartier's landmarks include Port Hercules, the Rainier III Nautical Stadium, and the Princess Antoinette Park. Its farmers' market, at Place d'Armes, has been held since 1880. (Wikipedia)
LOCATION
INVESTMENT SNAPSHOT
PRICE / M²
$0
Verdict: partial
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The seller has not shared rental figures. For a home like this one, long-term rents around here work out to roughly EUR 11,980 / month (about EUR 70.0 / m²; based on Monaco) — enter your own expected rent to see the numbers.
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Investment factors
What to look for when judging a property's investment potential:
- ◦Public transport
Walkable rail or bus access consistently supports resale value and rentability. - ◦Water proximity
Lake, river, or sea frontage and water views command lasting price premiums in most markets. - ◦Schools
Nearby schools widen the tenant and buyer pool to families and stabilise long-term demand. - ◦Daily amenities
Groceries within walking distance is a top liveability filter for both tenants and buyers. - ◦Parks & recreation
Green space nearby improves quality of life and supports value in dense areas.
