The harbor of La Condamine, the second oldest district in Monaco, can be seen here with its yachts of the rich and famous. Monaco, population 33,000, is located in southwest Europe, bordered by France and the Mediterranean Sea. The area of Monaco measures in at 0.76 square miles, making it the second smallest country in the world, after Vatican City. The average person can walk across the country in 50 to 60 minutes.