In the heart of the Mediterranean, Monaco’s allure as a hub of luxury and sophistication has long attracted global tourists. Now, thanks to the introduction of the new district of Maraterra, it has reached new heights.
This groundbreaking project, which began in 2013, exemplifies the Principality’s commitment to innovation, sustainability, and opulence.
Designed to address the pressing need for more real estate in the world’s second-smallest country, Maraterra seamlessly extends Monaco’s coastline, creating a harmonious blend of natural beauty and architectural brilliance.
Maraterra seamlessly extends Monaco’s coastline
Under the visionary leadership of Prince Albert II, this land extension initiative not only adds valuable space but also sets new standards in sustainable development in the region.
Today, the new district is poised to welcome its first residents: this four-bedroom residence at Les Jardins d’Eau, Maraterra available through JamesEdition is scheduled for completion by December 2024.
Monaco’s Real Estate Market: A Snapshot
Monaco’s real estate market has long been synonymous with luxury, attracting high-net-worth individuals from around the globe.
The introduction of Maraterra is a significant development in terms of Monaco’s ongoing efforts to address its housing challenges while maintaining its status as a premier destination for affluent buyers.
The Telegraph recently highlighted the unique position of Monaco’s real estate market, where the scarcity of land drives high property values and an enduring demand for exclusive residences.
Le Renzo, Maraterra
Maraterra not only adds valuable new housing stock, but also enhances the overall appeal of the Principality, making it even more attractive to discerning buyers looking for a blend of luxury and sustainability.
Maraterra features extensive communal areas available for residents and visitors.
A Pioneering Development
The Maraterra project is a testament to Monaco’s forward-thinking approach to urban expansion. This ambitious development was initiated to meet the high demand for real estate in a country where space is at a premium.
But what began as a solution to challenge around space quickly evolved into a pioneering model of sustainable luxury – championed by Prince Albert II, known as the ‘Green Prince’.
The project has been carefully planned to integrate seamlessly with the existing coastline, preserving and enhancing the natural environment.
Maraterra’s project has been planned to integrate seamlessly with the existing coastline
Maraterra’s design includes extensive green spaces, recreational areas, and cultural sites, bringing new opportunities for residents and visitors alike.
The timeline for Maraterra’s development has been carefully managed to ensure minimal disruption to Monaco’s daily life as it steadily progresses towards its completion. Key milestones have included the establishment of new communal spaces, the integration of sustainable infrastructure, and the gradual unveiling of its luxurious residential offerings.
A New Paradigm in Urban Living
Maraterra is more than just a real estate development – it is a vision brought to life. This largely pedestrianized district features a lushly planted park, an elegant waterfront promenade, a small port, and both residential and retail sites.
Central to Maraterra’s appeal is its commitment to blending the built environment with nature
The district’s distinctive curved coastline, gently rising hillside, and native flora create a seamless connection between urban living and the natural world.
A key feature is the upper square, which is set to become a gathering place for residents and visitors, and is adorned with beautiful reflecting pools and Alexander Calder’s kinetic masterpiece, ‘Quatre lances’.
Commitment to Environmental Excellence
The design and architecture of Maraterra are the results of collaboration among world-class designers, architects, engineers, and ecologists. Mareterra’s development team has prioritized a range of measures focused on ecosystem preservation, sustainability, and responsible development.
These efforts are designed to uphold and improve environmental conservation throughout the site, setting a new standard for luxury developments worldwide.
During development, Maraterra is set to achieve certifications such as BREEAM, HQE Aménagement, Espace Vert Ecologique EVE, BiodiverCity, and Port Propre, which all emphasize sustainable and responsible development practices.
The design is the result of collaboration among world-class architects, engineers, and ecologists
There will be no use of phytosanitary chemicals in parks and gardens, a bill of specifications will be offered to future owners to assist in garden adjustment and maintenance, and ongoing monitoring by the co-ownership association will help ensure that these high standards are upheld throughout the development’s lifecycle.
Ecosystem initiatives include the installation of bird nests and insect hotels to support local wildlife, efforts to save 510m² of protected seagrass species and control the spread of the invasive algae, the planting of 800 trees and creation of 27,000 m² of planted areas, and the development of 19,000 m² pedestrian zones and 600 meters of cycling paths.
Maraterra’s residents will benefit from advanced systems for efficient energy management
As well as taking measures to minimize the environmental footprint of construction activities, the site uses seawater heat pumps to provide sustainable heating and cooling.
Once the development is complete, residents will benefit from advanced systems for efficient energy management, smart electricity and water meters with consumption displays, humidity and rainfall-based irrigation sprinklers, 200 electric vehicle charging systems, and an electric shuttle service between Larvotto Beach and Mareterra.
A New Standard in Luxury Living
Maraterra offers a diverse array of residential spaces, each designed to provide a unique living experience.
The Le Renzo building, inspired by the elements, celebrates Monaco’s Mediterranean heritage with residences that offer stunning views and a bustling port. Les Jardins d’Eau is surrounded by mature trees and open sea views, with residences that combine elegance with extensive amenities.
Les Villas, Maraterra
Les Villas is a building of exclusive palatial villas with unrivaled views and a compelling mix of indoor and outdoor living. And the homes in Les Townhouses blend seamlessly into the landscape, featuring interior patios that connect residents with the surrounding nature.
Embracing Monaco’s Future
Maraterra represents a transformative chapter in Monaco’s real estate market. Its sustainable approach combined with luxurious living spaces sets a new standard for developments worldwide.
Real estate sellers are already highlighting the proximity to Maraterra as a key selling point for properties in the Principality. Explore over 700 luxury homes listed for sale in Monaco
