Rumour has it that a royal is arriving, so we stand with the crowds waiting and watching but no one appears so we are content with the spectacle of the changing of the guards.
The palace located at Monaco Ville, the old quarter and original fortified town, is one of the city's main attractions.
Each day crowds gather to watch the Prince's Carabiniers execute the traditional changing of the guard and if you are lucky you may also catch a musical performance where the band plays a mix of traditional and contemporary tunes.
Finally it is time and the handsome carabiniers in their immaculate uniforms salute and march in precision time for the occasion.
This tiny country, which is second in size to the Vatican City, is so small you can hot foot across it in just 56 minutes.
But it is much better known for its wealth - just take a look at its harbour’s crowded with magnificent million-dollar yachts.
It is also known for its Formula One Grand Prix race that winds its way through the streets.
Ever since Princess Grace lived out a fairytale life with a tragic end, Monaco has intrigued many and is well worth a stop on a European trip.
Even though it's more than 30 years since her life was cut short in a car accident, her fairytale story lives on amid the many memorials and tributes to her.
It seems Australia has always had a fascination with Princess Grace and sent the largest number of condolence letters to Prince Rainier on her death in 1982.
The story of the Hollywood screen goddess who became a princess captured the world's imagination.
Synonymous with cool elegance and impeccable good taste, she remains a style icon of the 20th century. Kelly rose to fame as an actress in the 1950s and starred in films directed by Alfred Hitchcock and many others, but perhaps is most famous for her role in the classic High Society.
A brief meeting with Prince Rainier III of Monaco and they fell in love. She ended her film career to become a princess of one of Europe's oldest royal families.
Many go to reflect on her life at the beautiful Princess Grace Rose Garden in Fontvielle, where the perfume of more than 4000 roses fills the air.
Contemporary sculptures including a bronze tribute to the late princess are impressive.
Many also leave a flower at the Saint Nicholas Cathedral where Princess Grace and Prince Rainier III are buried.
There is also the Princess Grace Trail, which is also a tribute to her. Visitors retrace the steps and the works of Grace through signs, photographs and a mobile app.
The 2.5 kilometre trail highlights 25 of her noted accomplishments and starts at the Louis II Stadium in Fontvielle, traverses to the Sporting Club in Monte Carlo and then doubles back to the Avenue Pasteur and Boulevard Belgique in Monteghetti.
The signs, which are posted in five languages note her works involving charity, theatre and beautification of her adopted homeland.
Located to the far south-east of France, the Principality of Monaco stretches along a narrow coastal band on the edge of the Mediterranean Sea and at the foot of the Southern Alps.
The country is divided into 10 wards, borders France on three sides and the Mediterranean on its fourth and is roughly the same size as New York's Central Park.
There are lots of tours on offer and if curiosity gets the better on you and you want a closer look inside that palace you can tour some of the rooms.
The State Apartment tour features some of the palace splendours including the Italian Gallery, the main courtyard, Salon Louis XV and the Throne Room.
But there's more to Monaco than the royal aspect.
Step inside the Monte Carlo Casino, an architectural gem, and it's not hard to imagine the glamour of bygone days with many flocking to the Belle Epoque building.
Highlights of a casino tour include the magnificent atrium leading to Salle Garnier and a series of elaborately-decorated gaming rooms where cigar-smoking angels watch from above.
The nearby 524-seat Opera de Monte Carlo, designed by Charles Garnier, also sparkles with gold plush chandeliers.
Monaco is home to many museums, including the Oceanographic Museum with its imposing aquarium and spectacular shark lagoon. Founded in 1910 by Prince Albert I, it features equipment used for the prince's oceanographic research and zoological collections brought back from various trips, marine objects, a scientific library and the aquarium renowned for its variety and rarity of species.
Sport has always played a big part of life with Monaco's Formula One Grand Prix, a tradition since 1929.
It is one of the oldest and most prestigious car racing events in the world.
A walk on the track reveals just how much skill it takes to compete the difficult course, especially the famous Fairmont hairpin.
Car lovers will also enjoy a visit to the Prince of Monaco's Collection of Vintage Cars.
Another great way to take in the beauty of Monaco and be dazzled by the Mediterranean Sea is on board a helicopter for a sightseeing trip.
You will see breathtaking panoramas of the French Riviera and the mountains in the hinterland from a completely different angle and so many yachts in the harbour.
After several hours of waiting we didn't spot any royalty but one thing is for sure - if those numbers ever come in I know where I'm heading to buy a yacht.
Published under license from Well Travelled