Living on Boulevard des Moulins : what to expect ?
Boulevard des Moulins runs through the Monte-Carlo ward, a short walk above the Casino and the Carré d'Or. It leads to Place des Moulins, the small square with gardens where the boulevard d'Italie begins and heads towards Larvotto and La Rousse.
The street combines two faces of Monaco. On one side, a residential address with period buildings, high ceilings and 1980s and 1990s residences with concierge. On the other, a lively shopping street with boutiques, cafés, two supermarkets, pharmacies and offices. You live here for the central position: the Casino, the beaches of Larvotto and the port of La Condamine all sit within a short walk or a bus ride.
In practice, the boulevard suits several ways of living. A resident without a car reaches the Casino, the supermarkets, the pharmacies and the bus stops in a few minutes. A professional finds offices in the same street. A family looks for the calm side of a building, away from the street, and for schools within walking distance. Before you visit, define which of these priorities matters to you, because the answer guides the choice of building, floor and orientation.
Boulevard des Moulins real estate market
Price per m² on and around Boulevard des Moulins
The local agency Petrini placed the average price on Boulevard des Moulins above €51,000 per m² in 2023, with sharper rises on apartments of four rooms or more. The official IMSEE figures for 2025 give the level of the surrounding districts.
The boulevard therefore sits below the Monaco average and well below Larvotto, while offering a central position close to the Carré d'Or. The price within the street depends on the building, the floor, the view and the presence of a terrace or a parking space. Our guide to the price per sqm in Monaco details these values district by district.
Residential buildings on the boulevard
The boulevard counts a dense series of residences, from Belle Époque façades to post-modern towers. Local agencies list among others Monte Carlo House, Victor Palace, L'Union, Villa San Carlo, Villa La Lestra, Le Regina, Le Continental, Miramare Palace, Le Palmier, Le Trocadéro and Le Casabella.
Many buildings on the boulevard are mixed-use: apartments sit above shops and next to offices. This brings life and services at the foot of the building, with more movement during the day than in a purely residential street.
Property types and buyer profiles
The boulevard offers studios, one- to five-bedroom apartments, duplexes and penthouses, along with period apartments with generous volumes. Commercial premises and offices also change hands. Buyers include residents looking for a primary residence, owners of a second home and investors who target rental income, thanks to steady demand for central addresses.
Browse our apartments for sale in Monaco to compare the boulevard with other districts.
Renting an apartment on Boulevard des Moulins
Rentals on the boulevard attract tenants who want a central address without the price of the Carré d'Or front row. Demand stays strong across Monaco: Petrini reports rent increases of 8% to 15% in 2025, with the example of a one-bedroom apartment rising from €5,300 to €5,800 per month in a year.
Family apartments rent quickly: according to Petrini, some find a tenant within a week. A tenant compares the boulevard with the other central addresses on four points: the monthly rent, the charges included or not, the parking and the services of the building. A 1980s or 1990s residence usually offers a concierge and an underground car park, while a period building offers volumes and ceiling heights but fewer services. Ask the landlord whether the apartment faces the street or the back of the building, and whether the lease includes a furnished inventory. To compare options, browse our apartments for rent in Monaco.
Shops, restaurants and services
Boulevard des Moulins works as a neighbourhood high street. Local agencies list the following addresses:
- Boutiques: Baby Dior, Fashion for Floors, Moghadam, clothing boutiques and hairdressers
- Restaurants: Anoia, Casa di Nonna, a Joël Robuchon deli and Maison du Caviar
- Cafés and pastry shops: Café Cova, Café Boulevard des Moulins and Pâtisserie Riviera
- Daily services: pharmacies, two newsstands and two supermarkets, including a Marché U
Shops change over time, so check the current addresses before a visit. The mix of luxury boutiques and daily services explains the appeal of the street for residents who live without a car.
Getting around from Boulevard des Moulins
- Bus: stops along the boulevard, with line 1 towards Saint-Roman and line 4, which crosses the Principality
- Car parks: public car parks Place des Moulins, Saint-Laurent and Saint-Charles
- Public lifts: links towards Boulevard de Grande-Bretagne and the Carré d'Or
- Bicycles: an electric bicycle station on the boulevard
The Casino lies a few minutes away on foot, and the Monaco-Monte-Carlo station connects you to Nice and Italy.
Schools, church and Place des Moulins
The Saint-Charles church, the parish church of Monte-Carlo, stands a few steps from the boulevard, next to the Saint-Charles school. Place des Moulins, with its gardens, serves as the meeting point of the neighbourhood, between the boulevard des Moulins and the boulevard d'Italie.
Families appreciate the presence of schools and childcare within walking distance, a point worth checking for anyone planning a move. Our guide on living in Monaco covers schools, healthcare and daily life in more detail.
The history behind the name Boulevard des Moulins
The name recalls the mills of Monaco. In the 18th century, the Principality counted about eight mills producing flour and olive oil, a major export: between 1731 and 1800, more than 2,100 Monegasque ships carried about 7 million litres of oil to Marseille. Monegasque oil even won a gold medal at the 1900 Exposition Universelle in Paris.
Urbanisation replaced the olive groves after 1871, as Monte-Carlo took shape. The last mill, La Marra, stood on the site of today's Trocadéro residence until its demolition in 1961. Its millstone remains on display, and photos of the mill hang in the underground passage of Place des Moulins, near the lift. According to Hello Monaco, the boulevard itself owes its name to the road that led to the mills rather than to a mill on the street.
Recent works and projects on the boulevard
- 2024 road works: the Department of Urban Amenities resurfaced the entire boulevard between 1 July and 6 September 2024, with buses diverted to avenue Saint-Laurent during the works
- Place des Moulins: a redevelopment of the square came up in the discussions on the 2024 budget
- Trocadéro pergola: a redevelopment of the Europa residence is planned near the Trocadéro pergola
These projects matter for buyers: they change the view, the noise and the value of nearby apartments during and after the works.
Questions to ask before buying on Boulevard des Moulins
A central street with mixed-use buildings calls for a few specific checks before an offer.
At Balkin, our office stands on Boulevard Albert I and our team knows the buildings of Monte-Carlo since 2005. To place the boulevard among the districts of Monaco, or to understand the difference between Monaco and Monte-Carlo, read our guides, or arrange a private consultation to discuss a purchase or a rental on the boulevard. For an address with more beach life, compare with Larvotto and La Rousse-Saint Roman.
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