Price: 2.5 to 5 million euros, full listing & photos here. And it also has a private beach on Lake Maggiore. Price: Over 10 million euros, full listing here.Ģ1st Century Gatsby needed to revive Lake House Oh and the driveway is 3 kilometers long.Įxtras: The stables also come with three antique carriages complete with all its trappings. “Splendid castle at the door of Milan, was built in 1593 on the ruins of the old east tower, still visible today … property of an illustrious Lombardy family until the end of the 1800’s.” Price: 5 to 10 million euros, full listing here.ģ2 window-wide Castle (I counted) outside Milan “Property for sale near Rome featuring a very quaint real estate complex built on a hill … conceived as a feudal castle, in order to establish the monastic rule on Subiaco, over the centuries the building assumed different functions, from fortress, to luxurious palace and residence of popes and cardinals”. Price: 5 to 10 million euros, full listing & photos here.įormer Pope’s Residence with dominating views over medieval village below
But if the property is not near a tourist destination city that can bring them guests, it’s likely to end up back on the market within a few years. Turning these historic properties into luxury hotels is one way to pay for the cost of maintaining ancient frescoed walls and maintaining several hectares of Italian gardens, olive groves and vineyards. If Game of Thrones role play is not their thing, I could see a buyer looking at this property for a potential hotel, which is likely what it has been serving as in recent years. “The main floor hosts two suites with frescoed walls, the “King room”, a suite with a XVIIIth century terrace, two XVIIIth century living rooms with fireplaces, a dance hall, a music hall, a library and a courtyard.” Medieval Fortress in Piedmont needs a new ruler I’m guessing the 10 million represents how much they think a castle is worth and the 5 million is the price they’ll actually be able to sell it to a Russian, Chinese or North American client who will still have to bear the brunt of the Italian property taxes. The price is listed at “5 to 10 million”. This pinkish palazzo we’ve been eyeing dates to the first half of 19th century and was owned since the nineteenth century to one of the most powerful families in the area– but this clearly hasn’t been the case for more recent generations of the family by the looks of the overgrown and deserted property.Īll the rooms of the castle despite emptied of its furnishings, are still decorated with the original frescoes and stucco… I’ve picked a few of the properties that struck me for one reason or another, so let’s take a look around at some of Italy’s big empty castles for sale… It’s hard to believe properties like this actually ever come on the market but they are, and in Italy, for better or worse, there are currently plenty to choose from. Selling is usually the last resort for owners and partial abandonment often comes before that, unable to pay the cost of maintenance or renovation for the basic comforts of modern living Times are tough for Italian castle and estate-owners today, who were in many cases raised on these properties that have been in their families for generations, inheriting them whether they can afford them or not– and recently, it certainly seems to be more of the latter. Why is the life of Italian nobility available to buy in bulk? The NY Times recently reported that Italy’s well-rooted inherited wealth has withered in a time of lingering economic trouble with cuts on government subsidies to maintain historic properties and at the same time, an increase in taxes on historic buildings by 20 or 30 times since 2011 depending on the area. That’s an unusually high amount of castles, wouldn’t you say? Each more breathtaking than the last, I spent the morning scrolling through 59 pages of deserted castles, villas and historic properties for sale on the Florence-based realtor’s website, Lionard.
There is an Italian real estate agency that currently has 70 castles up for sale on its books.
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