Casa Mia", a magnificent Belle Epoque villa, was acquired by the Government of Monaco in 1975, in response to the Prince and Princess's wish to create a major professional training school so that Marika Besobrasova's teaching could flourish. Numerous personalities from the world of dance have regularly come to work here, including Rudolf Nureyev, Eva Evdokimova, Marcia Haydée and Yoko Morishita.

In 2009, at the suggestion of Jean-Christophe Maillot, choreographer-director of Les Ballets de Monte-Carlo, H.R.H. The Princess of Hanover appointed Luca Masala Artistic Director of the Princess Grace Academy. The aim is to bring the Academy closer to the Compagnie des Ballets de Monte-Carlo and the Monaco Dance Forum, in order to emphasise the pre-professional dimension of the students. This partnership now enables students aged 13 to 18 from different countries to familiarise themselves with the professional world of dance, to meet great artists and to be at the heart of major cultural events in Monaco. In this way, students can give real meaning to their dreams.

The multi-disciplinary teaching includes dance classes, artistic training and school courses adapted to the different nationalities welcomed. To meet this major challenge, the Académie has assembled a teaching team made up of teachers and artists with international careers. Renowned for the excellence of its teaching, the Princess Grace Academy has become a partner of prestigious institutions such as the Prix de Lausanne, where some of its students have excelled. Within the walls of this school, students become not only accomplished dancers but also well-rounded, cultured and curious individuals.