Monaco's Avenue Princess Grace Keeps Out Rif Raf
Named after Grace Kelly this prestigious real estate overlooks the water.
Avenue Princess Grace is not for the light of wallet, a beer at Jimmy's Bar costs more than $100, and puts people in the vicinity of Russian oligarchs, Middle Eastern oil sheikhs and the occasional Monaco royal.
Implications - The extremely high price point of properties and activities on a street like this create a surrounding exclusivity that caters to the lucky few whose wallets are conducive to spending time there. If nothing else, the title of most expensive street in the world is a draw for tourists who are fascinated by the glamorous lives of those who inhabit it.