Superyachts are the epitome of luxury living, as is owning a property in Monaco, one of the world’s most exclusive addresses for real estate.So, if you’re a high-net-worth-individual looking to splash the cash, which one do you opt for? Here are just a few of the benefits of owning property in Monaco versus a yacht:What are the benefits of owning property in Monaco?Property in Monaco is highly sought after by some of the world’s wealthiest, thanks to its magnificent location in the heart of the Cote d’Azur, its year-round sunny climate, luxurious lifestyle, world-class restaurants, a wide range of amenities, and favorable tax incentives.Monaco’s fantastic location means that you can spend one day sunning yourself on the beach, the next skiing some of the best slopes in the world in the Southern Alps. Additionally, Monaco is just striking distance to Nice airport (30 minutes by car, less than 10 minutes by helicopter), making property in Monaco an excellent option for the jet set.A luxurious lifestyle is a part and parcel of owning property in Monaco with lavish hotels, gourmet restaurants, and some of the world’s most extravagant events all on your doorstep. Of course, many features in Monaco come with breathtaking views of the Mediterranean Sea.Property in Monaco is also highly sought after by boating enthusiasts thanks to its world-class marinas and yachting facilities. Berthing space in Monaco is highly desired, and priority is given to Monaco nationals and then Monaco residents – making residing and owning property in Monaco very desirable for those who wish to own and berth their superyacht in Monaco.When searching for property in Monaco, many choose to use the services of a highly experienced professional agent, such as La Costa Properties Monaco, to help source their ideal Monaco apartment for sale and ensure a smooth and seamless property search.What are the benefits of owning a Monaco yacht?Yacht ownership is the preserve of the uber-wealthy. Boasting the most prestigious port in the Mediterranean – and perhaps the world – a Monaco yacht is the ultimate status symbol amongst the world’s wealthiest.With a superyacht at your disposal, you can travel the world, from the traditional blue-water havens of the Mediterranean and the Caribbean to more off-the-beaten-track destinations, such as Alaska and the Galapagos. Additionally, superyachts offer a high degree of privacy when anchored in remote destinations far from prying eyes.While many use superyachts to travel the world, others chose to use these magnificent vessels as floating homes or hotels. Additionally, with a dedicated crew 24/7, you can rest assured that your every need will be catered for.The large size of superyachts (100-metres plus) allows ample room for everything you need, from the all-important helipad to luxurious onboard spa, gym, pool, tenders, and toys. Indeed, yachts offer far more scope and space for personalization than home, and many boast jaw-dropping interiors and state-of-the-art technology that truly wows!Ultimately, for the world’s wealthiest, they don’t have to choose between owning either property in Monaco or a superyacht – they can have both, offering the very best of both worlds.