Introduction to La Condamine
La Condamine is Monaco’s second-oldest neighborhood and one of its most characterful areas. Located between Monte Carlo and Fontvieille, this lively district is centered around Port Hercules – the iconic deep-water marina that hosts the Monaco Yacht Show and Formula 1 Grand Prix.
With a blend of local life, boutique shopping, harborside dining, and prime real estate, La Condamine offers a dynamic lifestyle that combines tradition with modern convenience.
It’s a favorite among professionals, young residents, and investors looking for accessibility, atmosphere, and strong rental potential.
Where Is La Condamine?
La Condamine stretches from the base of the Rock of Monaco (home to the Prince’s Palace) down to Port Hercules and borders Monte Carlo to the east. Its location places it at the center of much of Monaco’s daily life and major events.
Residents enjoy quick access to the port, shops, public transit, and walking routes to other major neighborhoods.
Quick Facts About La Condamine
| Feature | Details |
|---|---|
| Average Property Price | €50,000 – €80,000 per m² |
| Lifestyle | Central, energetic, cultural |
| Property Types | Modern apartments, renovated classics |
| Main Streets | Rue Grimaldi, Rue Caroline, Rue Millo |
| Landmarks | Port Hercules, Condamine Market |
| Popular With | Professionals, investors, young expats |
The La Condamine Lifestyle
La Condamine has a distinctly Monegasque atmosphere, with a walkable grid of streets filled with local shops, open-air markets, cafes, and residential buildings. Life here revolves around the harbor and the marketplace — a refreshing contrast to the formality of Monte Carlo.
Highlights of Everyday Life:
- Morning coffee at Place d’Armes
- Shopping at Rue Princesse Caroline pedestrian street
- Evening drinks overlooking Port Hercules
- Access to Monaco’s most iconic events, like the Grand Prix and yacht shows
La Condamine offers a true urban lifestyle, with convenience, local flavor, and cultural engagement.
Real Estate in La Condamine
Real estate in La Condamine is highly sought after due to its central location and rental yield potential. The properties are a mix of historic Monegasque-style buildings and newer developments with modern amenities.
Key Buildings:
- Le Stella – Contemporary design with unique architecture
- 45G – A recent high-end residential development
- Palais Heracles – Facing the port with panoramic views
- Les Orangers – A charming, more affordable Monegasque building
Price Range:
- Studio to 1-bedroom: €2.5M–€4.5M
- 2–3 bedroom apartments: €5M–€12M
- Port-front residences: €15M+
The area is popular with both buyers and renters, making it one of the strongest areas for real estate investment in Monaco.
Amenities and Daily Life
La Condamine is home to many of Monaco’s most-used public spaces and commercial services. It offers a practical lifestyle without compromising on quality.
Markets & Shopping
- Condamine Market – Fresh produce, local goods, and gourmet items
- Rue Grimaldi & Rue Caroline – Boutiques, banks, and essential services
- Marché de La Condamine – Covered market with food stalls and cafes
Dining
- La Maison des Pâtes – Casual Italian dining
- Brasserie de Monaco – Waterfront brewery with live music
- My Beers Monaco – Craft beer and snack bar
Transportation
- Gare de Monaco (train station) just above the district
- Bus lines connecting all of Monaco
- Walkable to Monte Carlo and Fontvieille
Who Lives in La Condamine?
This neighborhood attracts a mix of:
- Monaco professionals
- International expats seeking rental properties
- Investors interested in high occupancy and ROI
- Long-term residents who value centrality and culture
It has a more authentic, “lived-in” feel compared to Monte Carlo or Larvotto, which makes it appealing to younger buyers and entrepreneurs.
Pros and Cons of La Condamine
| Pros | Cons |
|---|---|
| Central location near Port Hercules | Less exclusive than Monte Carlo |
| Strong rental market and ROI potential | Smaller properties dominate the inventory |
| Vibrant atmosphere with real Monegasque life | Can be noisy during major events |
| Walkable and close to shops, transport, and dining | Limited green space compared to Fontvieille |