Monaco’s property market continues to defy global trends, offering investors and ultra-high-net-worth individuals rare opportunities in one of the world’s most exclusive destinations. In 2025, several landmark developments are set to reshape the Principality’s residential landscape.
From waterfront residences to ultra-modern towers with panoramic sea views, these upcoming Monaco real estate developments in 2025 represent the next chapter in luxury living.
1. Testimonio II: Monaco’s Modern Waterfront Icon
Location: Boulevard du Larvotto
Slated for full completion in 2025, Testimonio II is one of Monaco’s largest and most ambitious residential projects. This two-tower complex will offer around 348 luxury apartments, a 50-child nursery, and a new headquarters for the International School of Monaco. With stunning views over the Mediterranean and prime access to Larvotto Beach, Testimonio II is expected to attract international buyers looking for prestige and location.
Key Features:
- Designed by Arquitectonica
- Sea-view terraces and cutting-edge amenities
- High-security, full-service residences
- Underground parking and landscaped areas
Ideal For: Families, international buyers, and long-term investors seeking value growth.
2. Bay House: Monaco’s Answer to Vertical Luxury
Location: Larvotto District
Directly linked to Testimonio II, Bay House will offer 56 spacious apartments and 5 sky villas with private pools and rooftop gardens. This development targets elite residents seeking more expansive layouts and unparalleled privacy.
Highlights:
- Sky villas with private infinity pools
- 24-hour concierge and private lifts
- Dedicated spa and wellness center
- Secure underground access to the beach
Bay House sets a new benchmark for Monaco’s vertical living, combining exclusivity with elegant design.
3. Mareterra (formerly Portier Cove): Monaco’s Eco-Luxury Extension
Location: Larvotto Seafront (Reclaimed Land)
Perhaps the most iconic project underway, Mareterra is Monaco’s €2 billion land reclamation development, blending sustainability with architectural excellence. Expected to be partially ready by 2025 and completed by 2026, this eco-district will feature waterfront villas, luxury apartments, and a marina—each framed by landscaped gardens and marine biodiversity zones.
Unique Aspects:
- 100% eco-engineered construction
- Car-free zones and underground infrastructure
- Villas with direct sea access
- Mixed-use concept combining residences, culture, and nature
Best Suited For: Ultra-high-net-worth individuals seeking trophy assets and sustainable prestige.
4. Villa Carmelha: A Hidden Gem in the Making
Location: Boulevard d’Italie, Monte Carlo
A boutique redevelopment project with only a handful of residences, Villa Carmelha will bring a touch of heritage restoration to Monaco’s ever-modernizing market. Expect limited-edition units with high ceilings, curated interiors, and expansive terraces.
Highlights:
- Boutique, low-density design
- Seamless blend of Belle Époque architecture and smart tech
- Private garages and garden views
This is the project to watch for buyers seeking classic elegance with modern functionality.
Why 2025 Is a Strategic Year for Monaco Real Estate
The year 2025 marks a confluence of new supply and increasing global demand. Monaco’s strict land-use policies mean these developments are rare opportunities.
With luxury inventory in limited supply and no wealth tax, many international buyers are already exploring pre-sale options. Furthermore, a rise in geopolitical mobility is driving demand for stable, prestigious locations – of which Monaco remains at the top.
Investment Outlook for 2025 and Beyond
- Capital Appreciation: New developments are expected to command 10–20% higher premiums than older stock.
- Rental Demand: Executive rentals and family relocations remain steady, especially near the International School of Monaco.
- Long-Term Scarcity: After these projects, new land releases are unlikely in the short term, enhancing long-term value.