[2] Colin Barnett, a former Premier of Western Australia, dubbed the suburb "Monaco of WA" due to its small size and concentration of wealth.
[4] At the time of European settlement and for some years after, the area was thickly wooded with tuart, jarrah, red gum, banksia as well as the peppermint trees which gave the suburb its name.
Two of the earliest residents were Edward Vivien Harvey Keane, Lord Mayor of Perth, and John Forrest, Premier of Western Australia.
It spans six blocks, with its main streets named after the first post-subdivision residents of the suburb – McNeil, Forrest, Leake, Irvine, Keane, Johnston and Venn.
[6] Cottesloe Primary School (established 1896) and Presbyterian Ladies' College are located within the suburb, as are the shire council office and the Grove Library on Stirling Highway, a small shopping centre opposite Cottesloe's Napoleon Street shopping area, and reserves along the riverfront, most notably Manners Hill Park and Keanes Point Reserve, which offer recreational facilities and jetties.
In the parliament of Western Australia, its Legislative Assembly electoral district is Cottesloe, held by David Honey, also of the Liberal Party.