Anne Marie Victoire was the seventh child born to the Duke and Duchess of Enghien. Her father was the only surviving son of le Grand Condé while her mother was a daughter of the political hostess Anna Gonzaga. She was born at the Hôtel de Condé in Paris, the city residence of the Prince of Condé when not at court at the Château de Saint-Germain-en-Laye outside the capital. The two previous months prior to Anne Marie's birth saw the death of two siblings; Anne de Bourbon (1670–1675), known as Mademoiselle d’Enghien till death and Henri de Bourbon, Count of Clermont (1672–1675).
Anne Marie was reputedly so small that she was prevented from going to dances at court. She was also more attractive then her younger sisters Mademoiselle de Charolais (1676–1753) and Mademoiselle de Montmorency (1678–1718).
She was known as Mademoiselle d'Enghien till 1688 when her oldest sister Mademoiselle de Bourbon married the Prince of Conti, the first cousin of their father. From then on, Anne Marie was known as Mademoiselle de Condé, taken from the title of Prince of Condé which her father succeeded to in 1684 at the death of le Grand Condé. It was the latter who organised the marriage between Mademoiselle de Bourbon and Conti.
Mademoiselle de Condé would never marry; instead she would die at the Château d'Asnières outside Paris apparently of Lung disease. She was buried at the convent of Carmel du faubourg Saint-Jacques, Paris. The Château itself was later the home of Philippe d'Orléans' mistress and later remodelled by the marquis d'Argenson.
Saint-Simon writing at the time after her death said that she had : a beautiful countenance, and an even more beautiful soul, great wit, sense, reason, kindness, and piety which sustained her in her very sad life. So was she really regretted by all who knew her.