Apartments for Sale in Shangri-La, Monaco

Le Shangri-La, also known as Shangri-La, is a residential building at 17 Rue Princesse Caroline and 11 Boulevard Albert Ier, 98000 Monaco, positioned directly beside Port Hercule in Monaco’s La Condamine district. Completed around 1975, the residence rises across approximately 13 floors and forms part of Monaco’s established harbourfront skyline overlooking the marina, Monaco-Ville and the Formula One circuit environment.

The building occupies a highly visible waterfront location with many apartments facing directly towards Port Hercule and the Mediterranean. Depending on floor level and orientation, residences can benefit from panoramic views across the harbour, the Rock of Monaco, the marina and sections of the Monaco Grand Prix circuit running immediately below the building during race week. Harbour-facing terraces become particularly valuable during the Grand Prix and Monaco Yacht Show due to their elevated visibility across the port and event infrastructure.

Its position places residents within immediate walking distance of Port Hercule, the Condamine Market, Rue Princesse Caroline, Monaco train station and the surrounding harbour restaurants and cafés. Casino Square, One Monte-Carlo and the Métropole Shopping Centre are also relatively accessible using Monaco’s pedestrian routes, lifts and escalator systems.

Architecturally, Le Shangri-La reflects Monaco’s major harbourfront residential expansion period during the 1970s, combining practical apartment layouts with strong emphasis on terraces, visibility and central accessibility. Compared with some newer harbour developments, the building retains a more established residential atmosphere closely connected to Monaco’s marina and everyday harbour activity.

Apartments within the residence range from smaller studio properties through to larger multi-bedroom apartments. Renovation levels vary depending on ownership history and apartment configuration. Many units have undergone modernisation with contemporary kitchens, upgraded bathrooms, integrated climate systems and more open reception layouts designed to maximise natural light and harbour views.

Terraces form a major feature throughout the building, particularly on front-facing apartments overlooking Port Hercule and the circuit environment. Higher-floor residences generally achieve the widest panoramic outlooks across Monaco’s waterfront and surrounding hillside districts.

The residence includes a 24-hour concierge service, secure entry systems, CCTV infrastructure, underground parking and outdoor swimming pool facilities overlooking the harbour area. Compared with several older La Condamine residences, Le Shangri-La offers a broader level of integrated resident infrastructure while maintaining a central harbourfront position.

The surrounding district remains active throughout the year due to its concentration of marina operations, restaurants, cafés, offices, local commerce and transport links. Compared with the Carré d’Or, La Condamine maintains a more harbour-oriented and everyday residential atmosphere closely tied to Monaco’s yachting and business sectors.

One of Le Shangri-La’s strongest advantages is the combination of direct waterfront visibility and immediate practical connectivity. Residents remain closely linked to Monaco’s transport infrastructure, shopping streets and harbour environment while benefiting from some of the principality’s strongest port-facing views.

Le Shangri-La tends to attract buyers and tenants looking for panoramic harbour views, Grand Prix positioning and integrated resident services within central Monaco. Its appeal comes from waterfront visibility, event positioning and day-to-day accessibility rather than quieter low-density residential seclusion or ultra-modern development branding.