Rustic Property with Approved Restoration Plan for Sale in Cortona

For sale: 410 sqm farmhouse with a 250 sqm annex and 15,000 sqm of land in Cortona. Approved restoration plan. Turnkey renovation options available. Asking price: €500,000. General Description: Set in the stunning Tuscan countryside near Cortona, this property presents a unique opportunity for those looking to create a dream residence or a valuable investment. The estate includes a 410 sqm main farmhouse, a 250 sqm annex, and 15,000 sqm of surrounding land. An approved restoration plan allows for flexible renovation options tailored to different needs. Interior Description: The main farmhouse can be renovated and reduced to 350 sqm while maintaining original architectural elements such as exposed wooden beams and terracotta flooring. The annex, which can be resized to 200 sqm, is ideal for guest accommodation, an independent living space, or a rental unit. Exterior Description: The 15,000 sqm of land provides ample space for gardens, outdoor recreational areas, and the addition of a panoramic swimming pool. The elevated position ensures privacy and breathtaking views of the rolling Tuscan hills. Key Features: Farmhouse size: 410 sqm (can be reduced to 350 sqm) Annex size: 250 sqm (can be reduced to 200 sqm) Land area: 15,000 sqm Approved restoration plan: Yes Total price: €500,000 Farmhouse: €350,000 Annex: €200,000 Utilities Details: Electricity, plumbing, and heating systems will need to be installed during renovation, offering the possibility to incorporate modern and energy-efficient solutions. Uses & Potential: Thanks to its size and location, the property is ideal as a private residence but also has strong potential for investment. The ample space and additional annex make it suitable for a hospitality business such as an agriturismo or a vacation rental. Local Real Estate Market: The real estate market in Cortona is highly sought after, with restored farmhouses typically priced between €2,500/m² and €4,000/m², depending on the condition and location. The strong tourist demand in the area ensures a stable property value, making this an attractive opportunity for both private buyers and investors looking for a return on investment. Tourist & Historical Information: Cortona is one of Tuscany’s most charming hilltop towns, with a history dating back to the Etruscan era. Its medieval streets, lively piazzas, and historical churches, such as the Duomo and the Church of San Francesco, make it a cultural treasure. The Museum of the Etruscan Academy houses invaluable artifacts that highlight the town’s ancient past. The town’s elevated position offers spectacular views over the Valdichiana and Lake Trasimeno. Cortona is also known for its vibrant cultural events, including the Cortona On The Move international photography festival and the Tuscan Sun Festival. Distances: Arezzo: 30 km Siena: 70 km Florence: 110 km Perugia: 50 km Lake Trasimeno: 15 km Camucia-Cortona Train Station: 5 km A1 Motorway (Valdichiana exit): 20 km Perugia Airport: 60 km Montepulciano: 35 km Pienza: 45 km