The 1.25-mile waterfront stretch in Monaco that used to be the world’s most expensive street looks no different from the rest of the city — and it says a lot about Monaco’s wealth

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  • Monaco, a tiny sovereign city-state on the French Riviera, is one of the wealthiest nations in the world.
  • It’s home to what was once the most expensive street in the world: Avenue Princesse Grace, a roughly 1.25-mile waterfront street named after American actress Grace Kelly, who married Prince Rainier III of Monaco.
  • In 2008, the street’s lavish real estate had an average price of $17,750 per square foot, according to Wealth Bulletin.
  • But today, while it’s still a prestigious area, Avenue Princesse Grace is no longer one of the world’s priciest streets, and most of its housing is made up read more >>>

    Source : BusinessInsider.Com

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