Some of the best views of the race are from apartment and hotel balconies, such as the Fairmont Monte-Carlo hotel which sits on the famous hairpin. The Fairmont VIP terrace is a popular spot and costs from €10,490 for a fully catered four-night experience with buffet lunch – there are also cheaper packages such as the 'Hairpin View Package' which include one night in a Hairpin view room or a Grand Prix suite for €429. Many hotels and residents cash in on the birds-eye views of the race, so be prepared to pay over the odds for a room or a balcony with a view during this time. Check out hotels on the circuit for VIP deals, such as the Hotel de Paris in Place du Casino or the Port Palace hotel overlooking the harbour.
A popular area, where you pay a general admission fee and stand to watch the race pass, is between the 'Nouvelle Chicane' and 'Tabac corner'. Great views and a cluster of restaurants make this area a good spot to base yourself for the day. Try to get a terrace table and enjoy a long, lazy lunch during the race.
If a yacht in the marina within 5 metres of the circuit is out of your budget, then consider chartering a smaller yacht for the day and anchor outside of the port. At anchor, you can get a glimpse of the cars as they round Portier and make their way into the infamous tunnel. Chances are the plasma TV onboard will give you the best view of the race in style and comfort, whilst still getting the full experience of the GP, including the atmosphere and the noise of the cars; and you can always take the tender ashore to access the port and the town.
Alternatively, get to know the right people and you may well find yourself at a VIP party on a super yacht, rubbing shoulders with Richard Branson, or spraying champagne over the winners at the after party.