Monaco Magic and Majesty
Maxim|November - December 2021
The sovereign principality on the French Riviera has never been a more vibrant and glittering attraction
By Si Si Penaloza. Photography by Mike Jones
Monaco Magic and Majesty

Simply put, Monaco exudes prestige—from the nine-figure superyachts to discreet banking venues that feel more like a country club than the usual three-tellers-and-an-ATM we see Stateside. Here in the second smallest sovereign state after the Vatican, citizens enjoy a zero income-tax policy, a rather attractive fiscal climate for the world’s wealthiest global citizens. Real estate is a realm unto itself, quite literally, as most prized properties transfer either dynastically or between aristocrats. Natives still speak the Monégasque dialect, which sounds like a soulful blend of French and Italian. The 200-hectare principality feels so consummately vetted, it has reigned as the de facto VIP suite of Europe for generations.

What Monaco lacks in size it more than makes up for in sheer power in the global property market. Lying within the glamorous French Riviera, Monaco remains the most expensive prime residential market in the world, according to Savills’ 2020 property report, with Monte Carlo holding pole position. At nearly three times the price of fourth-placed London, suddenly Mayfair seems like a fire sale.

An uptick of fintech entrepreneurs looking to move and work within Europe has zeroed in on Monaco as an ideal base camp with an attractive tax regime. In other revealing metrics, a Monte Carlo furnished penthouse rental for one year is comparable to the sticker price of a brand new Rolls-Royce Phantom. Low supply and high demand create the perfect storm for a feast of ego and escrow.

Diese Geschichte stammt aus der November - December 2021-Ausgabe von Maxim.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der November - December 2021-Ausgabe von Maxim.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS MAXIMAlle anzeigen
WATER WORLD
Maxim US

WATER WORLD

The New York Yacht Club team, American Magic, will make another run at the America's Cup in Barcelona through October

time-read
4 Minuten  |
September/October 2024
THE 2024 MAXIM HOT 100
Maxim US

THE 2024 MAXIM HOT 100

What does it mean to be hot? Maxim's eagerly anticipated Hot 100 portfolio asks just that, charting the individuals who are blazing a trail in entertainment, fashion, sports and pop culture. Not only are these world-class stars soaring high, breaking ground, smashing records and inspiring future generations with their inimitable talent and determination, they're doing it all while emitting a sizzling, sparkling energy that leaves us in awe. Read on with caution: These names are on fire right now!

time-read
1 min  |
September/October 2024
Class Act
Maxim US

Class Act

If you're looking for Elizabeth Hurley, check the garden. A longtime staple of screens, glossy magazine spreads and red carpetsparticularly since one unforgettable gown sent her profile stratospheric in 1994-one might be surprised to learn that she has quite the green thumb

time-read
5 Minuten  |
September/October 2024
Unexpected BEAUTY
Maxim US

Unexpected BEAUTY

A new exhibition and book show why Danish-born photographer Mare Hom is destined for greatness

time-read
3 Minuten  |
September/October 2024
TURKISH DELIGHT
Maxim US

TURKISH DELIGHT

Türkiye's remote D Maris Bay resort offers a verdant oasis of pristine beaches, opulent amenities and a variety of world-class culinary outposts

time-read
4 Minuten  |
September/October 2024
The CHOSEN ONE
Maxim US

The CHOSEN ONE

Catching up with Ferrari's star driver Charles Leclerc at the Montreal Grand Prix

time-read
5 Minuten  |
September/October 2024
MONDO DINO
Maxim US

MONDO DINO

Enzo Ferrari's exquisite homage to his late son Alfredo, the Dino sports car, now enjoys the status of being an all-time classic

time-read
2 Minuten  |
September/October 2024
Sweet Caroline
Maxim US

Sweet Caroline

As a teenager, Caroline Silta dreamed of becoming a supermodel. With sheer determination, she now walks the runway, graces magazine covers and headlines billboards in Times Square

time-read
3 Minuten  |
September/October 2024
MANN on the STREET
Maxim US

MANN on the STREET

Exactly one member of the 2023-24 NBA rookie class had built a legacy long before entering the league: Skechers. Last fall, the Los Angeles-based footwear giant launched its inaugural line of technical basketball shoes: the SKX Resagrip and SKX Float.

time-read
3 Minuten  |
September/October 2024
SPORTS STAR
Maxim US

SPORTS STAR

A conversation with Meg Stewart, Division 1 soccer player-turned-sports and talent agency president

time-read
4 Minuten  |
September/October 2024