Today, her name can be seen throughout the city-state, from the Princess Grace Hospital Centre to the Princess Grace penthouse suite at Hôtel de Paris Monte-Carlo.In 2008, Avenue Princesse Grace was ranked the most expensive street in the world, with an average price of $17,750 per square foot., where the average price was $11,200 per square foot, and Fifth Avenue in New York City, where it was $7,500 per square foot.
In fact, it's no longer even the most expensive street in Monaco, according to local real-estate agents. The street had only five sales closed in 2018 with an average sale price of $6,212 per square foot — about a third of what it was in 2008, according to Laurent Locchi of"Although the Avenue Princesse Grace remains as one of the most expensive and prestigious waterfront locations, the properties located in the Monte Carlo's Golden Square have the highest price tag per square meter and now are the most prestigious ones in Monaco," Derrick Tryniecki of Monaco Real Estate told...
And most of the housing stock on Grace Kelly's namesake street is now made up of rentals, according to Tryniecki and other local real-estate agents. On a recent trip to Monaco, I walked down Avenue Princesse Grace to see for myself what the world's onetime most expensive street looked like.The avenue is a roughly 1.25-mile waterfront street in Monaco's Larvotto district.My first impression was that Avenue Princesse Grace didn't look too different from the rest of the city.It's lined with luxury high-rises that looked more or less like those I saw throughout Monaco.
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