Family-Oriented Residences: Top Monaco Properties for Multigenerational Living

Remember the days when extended family members all lived in one big house and had close family ties? Monaco may be better known for its compact luxury, yet some of its grander residences offer the rare opportunity for multigenerational living. We look at why wealthy families are choosing this route and what you should look for when searching for similar living spaces. 

Why Are Multiple Generations Living Together?

In a world where people are increasingly growing apart, separated by distance and time zones, some families in Monaco are choosing to grow closer by investing in multigenerational living. Simply put, members of a family from different generations are living together or close to each other. But why are they choosing this despite the many single-family dwellings available in the Principality? Well, when it comes down to it, it’s all about nurturing lasting family bonds. Let’s be honest. With all the hustle and bustle of scoring deals and networking, many Monaco residents do not get enough opportunities to bond with their loved ones. But if they are all under the same roof, it becomes much easier to plan family events and stick to the plans, be they dinners at home or at gourmet restaurants, or even opera nights in the Carré d’Or. It also becomes easy to take care of the family members who may need more attention, such as elderly parents or young children. There is also the aspect of preserving family wealth. Many families actively seek out the best off-market properties Monaco offers, which they can hold onto from one generation to the next, thus maintaining a powerful family legacy. Marry all these factors and living together starts looking like an investment that pays off, not only emotionally but also psychologically and financially.

The Top Properties for Multigenerational Living

As much as members of a family may have the same traditions and values, they are still individuals. For this reason, it’s always best to invest in a property that addresses these individual differences and ensures that all members of the family feel comfortable. But how can you do that with one property?

Get Separate Suites or Wings

If you look at the top family-oriented off-market properties Monaco offers, you will notice that many of them feature independent suites or wings. This design is intentional. You see, at the base level, people also crave autonomy. Even if they are part of a loving and happy family, sometimes as humans they still feel the need to step away for some time and reconnect with who they are as a person. That’s why private wings are sometimes essential. They offer the individual a self-contained space within the home where they can enjoy a private kitchen, bath, and/ or entrance. So, while these spaces are still part of a larger home, they feel like separate sanctuaries where the family members can enjoy their own personal space. And this separation has a ton of benefits for everyone living under that roof.

Look for Integrated Wellness Amenities

People have different wellness needs. For example, a child may enjoy a games room while their parent might prefer integrated wellness facilities, and their grandparent might favour a dedicated reading room or library. So, with these differing interests and needs, how can you keep everyone happy? You seek a balance. First, you assess the needs of all the family members and find the common themes. For example, most people will enjoy a spa, and a good number would also like a private gym. Next, you use these main themes to search for a house. Off-market properties Monaco holds are particularly known for having unique on-site luxury recreation amenities, and would be a great place to start.

Focus on Communal Spaces

As we said, the primary goal in multigenerational living is to create lasting family bonds. So, it goes without saying that there is a need for communal spaces which can serve as the heart of the home. These can be anything from large private terraces to expansive living rooms and formal dining areas, which can provide the family with luxurious yet comfortable environments where they can interact as they pass down traditions.