Well known to Monegasques, the Échauguette – the historic villa that once belonged to François Blanc, founder of the Monte-Carlo casino – has just been listed for sale by Sotheby’s International Realty. The asking price: 110 million euros. A tidy sum that can be explained by the rarity of this type of property.
Let’s dream a little dream: imagine yourself as the owner the Échauguette and its 700 m2 of living space. Six bedrooms, a dining room overlooking a private terrace, an independent studio… and, of course, a parcel of 550 m2 including a 22 meter-long pool. This villa overlooking the Sainte-Devote valley is yours… all you have to do is sign the check. The square meter price is “only” 157,000 euros or 110 million euros in total.
A change in scenery
Why is the price almost four times higher than the average price in Monaco, which already boasts the highest in the world with its 41,000 euros / m2? This Belle Epoque building is a very rare property underlines the agency mandated for the sale, CIC Real Estate Monte Carlo Sotheby’s International Realty. Completely renovated, the villa is in perfect condition and its exceptional location allows a front row seat for the Grand Prix of Monaco (just one of the perks). What’s more, the tall buildings have multiplied in this rapidly changing neighborhood. A house of this size is, therefore, a rare and exceptional property. Now comes the question: who will be the next owner of L’Échauguette?
*Article originally published in the French edition of the Monaco Tribune.