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26.000.000 €
Bay House
235 sqm
33 sqm
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Penthouses for Sale in Monaco
Discover Monaco’s most exclusive penthouses for sale with Balkin Estates. Experience unparalleled luxury, breathtaking views, and discreet access to the Principality’s rarest addresses through our expert team.
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Penthouse Selection Criteria
Choosing a penthouse requires analyzing several factors to ensure the property meets your expectations, considering comfort, investment, and quality of life.
- Usable space and terrace, to enjoy both indoor and outdoor areas
- Orientation and view, sea or city view depending on preference
- Floor level and soundproofing, high floor and quiet interior
- Interior layout, duplex or triplex depending on flow and privacy
- Technical features, smart home systems, pool, private elevator
- Parking spaces and storage, enough for comfort and convenience
- Price per sqm and condo fees, comparison with the market and overall budget
- Potential rental yield, investment potential or personal use
- Regulations and residency, urban planning rules and building regulations
Overview of the Monaco Penthouse Real Estate Market by Neighborhood
Buying Process for a Penthouse in Monaco
Purchasing a penthouse involves several steps to secure the investment and ensure a smooth transaction.
- Property search and shortlisting, selecting properties that meet your criteria
- Visits and off-market opportunities, access to properties not publicly listed
- Purchase offer, formal proposal to the seller
- Preliminary contract and escrow, written agreement and secure deposit of funds
- Notary signing, official deed and transfer of ownership
- Adjustments, easements, condominium rules, and regulatory compliance
- Required documents, ID, proof of funds, bank guarantee
- Average timelines and practical tips, allow 2–3 months to finalize, verify all information before signing
Legal and Tax Considerations for Buying a Penthouse in Monaco
The Monaco tax system distinguishes between residents and non-residents, with residents not subject to income tax and different taxation rules for certain rental income. Acquisition costs include registration fees, notary fees, agency commissions, and possibly VAT for new properties.
Residency requirements include owning or renting a property in Monaco, sufficient financial resources, and a bank deposit. Condominium regulations and architectural restrictions require compliance with internal rules and obtaining authorizations for modifications or extensions.
Non-residents can purchase a penthouse in Monaco, following adapted procedures. Taxation and administrative obligations differ from residents, especially regarding rental income and property declarations. Documents to prepare include ID, proof of funds, and a bank guarantee. Residency options are available after obtaining the appropriate permit but are not automatic.
The neighborhood choice depends on proximity to shops, tranquility, view, and prestige. Monte-Carlo attracts for luxury and centrality, Larvotto for beach and high-end living, La Condamine for the port and activity, Fontvieille for peace and modern spaces, Monaco-Ville for heritage and panoramic views. Typical buyer profiles vary: international investors, families seeking comfort, or heritage and tranquility enthusiasts.
Yes, registration fees and notary costs apply to all purchases. The agency commission is added depending on the property. For new properties, VAT may apply, while for older properties, some exemptions exist. All fees should be considered in the total purchase budget.
With Balkin, you can explore a variety of properties to suit different lifestyles and needs :
