16th-Century Historic Villa for Sale in Cortona, Tuscany

For sale in Cortona: a 16th-century villa with Napoleonic-era frescoes, a large park with olive grove and woodland, and potential for conversion into a luxury wellness resort. Fully renovated in 2023 under historic building regulations. General Description: Located at the foot of the historic town of Cortona, this prestigious 16th-century villa is a remarkable example of Tuscan architectural heritage. Set within a 4-hectare estate featuring olive groves, woodland, and a centuries-old park, the property offers absolute privacy, making it perfect for conversion into an exclusive wellness retreat. The private well provides high-quality water, ideal for potential spa and wellness facilities. The main villa, along with its annex buildings, was fully restored in 2023 under the supervision of the Office for the Protection of Historic Buildings, preserving original Napoleonic-era frescoes, meticulously restored by specialized artists. Interior Description: The villa spans multiple levels, maintaining the authentic charm of a historic residence. The ground floor includes two entrances, two studies, two living rooms, a kitchen with a fireplace, a bathroom, a laundry room, and a pantry. A private chapel decorated with restored frescoes has a separate entrance. The first floor features a large hall, ten bedrooms, and three bathrooms, while the second floor includes a sitting room, seven bedrooms, and three bathrooms. The third floor houses a panoramic tower with a veranda and a large terrace, offering breathtaking views over the estate and the surrounding Tuscan countryside. A renovated annex includes a ground-floor reception hall/orangerie with two bathrooms, a mezzanine with one room, and a first floor with three rooms, a sitting room, a kitchen, and two bathrooms. Exterior Description: The 4-hectare estate features a large park with century-old trees, a cultivated olive grove with the potential for extra virgin olive oil production, and a private woodland ensuring privacy and nature trails. The property also includes a 45 sqm gatekeeper’s lodge and a 115 sqm separate building, offering renovation potential. The vast grounds allow for the creation of a modern pool and wellness area, utilizing the excellent water quality from the private well. Main Features: Total living space: 1,100 sqm Land area: 4 hectares (40,000 sqm) Bedrooms: 17 Bathrooms: 9 Additional buildings: 45 sqm gatekeeper’s lodge, 115 sqm additional structure Original frescoes restored in 2023 Fully renovated under historic building regulations Utilities Details: The estate benefits from a private well, ensuring high-quality water for residential and potential wellness use. During the 2023 restoration, the heating, electrical, and plumbing systems were updated to ensure energy efficiency and compliance with current regulations. Usage and Potential: This estate offers a unique investment opportunity with various possibilities. It can serve as a luxury private residence, maintaining its historical authenticity, or be converted into a boutique hotel or high-end wellness resort. The secluded location and spacious layout make it ideal for a luxury event venue or a prestigious hospitality business. Market Analysis: As of January 2025, the average price of luxury properties in Cortona is €4,500 per square meter, with growing demand for historic villas and estates. The local real estate market attracts both Italian and international buyers, particularly those looking for privacy, history, and investment potential. Over the past five years, property values in this area have increased by approximately 12%, confirming Cortona as one of the most exclusive locations in Tuscany. Touristic and Historical Information: Cortona is a town rich in history, art, and culture, renowned for its well-preserved medieval center, museums, and historic architecture. The Diocesan Museum, which houses masterpieces by Fra Angelico, and the Eremo Le Celle, founded by Saint Francis of Assisi, are among its many cultural attractions. The area is also famous for its olive groves and vineyards, forming an integral part of the Val di Chiana landscape. Distances: Cortona Historic Center: 3 km Arezzo: 30 km Lake Trasimeno: 20 km Perugia: 50 km Siena: 70 km Florence: 100 km Perugia Airport: 60 km Florence Airport: 120 km A1 Highway (Valdichiana exit): 15 km Camucia-Cortona Train Station: 5 km