For Sale: Unique Property in Portoferraio

For sale in Portoferraio: a portion of a building with two independent living units, private entrance, parking space, and land planted with olive trees. Close proximity to major points of interest. General Description: Located in the picturesque town of Portoferraio, this property represents a rare opportunity for those wishing to own a piece of prime real estate in one of Tuscany's most sought-after areas. Comprising two distinct living units, it offers spacious and well-distributed spaces, ideal as a primary residence or as an investment. The presence of land planted with olive trees adds an additional touch of charm, making this property truly unique. Interior Description: The property spans two floors, each hosting a living unit. On the ground floor, the entrance opens to a spacious area leading to the master bedroom, a smaller bedroom, and a habitable kitchen. A fireplace and an oil heating system ensure comfort throughout the year. The first floor, on the other hand, has a similar layout with the addition of a cozy living room and a dining terrace. Both units boast quality finishes and are in excellent maintenance conditions. Exterior Description: The property is enriched by a plot of land planted with olive trees, offering not only a picturesque landscape but also the possibility of producing high-quality extra virgin olive oil. A dedicated parking space and an independent entrance complete the outdoor spaces, ensuring privacy and convenience. Uses and Potential: Beyond being a prestigious residence, the property offers several potentials. It can be transformed into a luxury B&B, leveraging its proximity to Portoferraio's main tourist attractions, or can be divided into apartments for leasing. The presence of the olive-planted land also provides the opportunity to start a small oil production. Market Analysis: Over the past 10 years, the real estate market in Portoferraio has seen steady growth. As of June 2023, the average selling price for residential properties was €3,684 per square meter, marking a 7.97% increase compared to July 2022. This showcases the rising demand and attractiveness of the area, making an investment in Portoferraio real estate a wise choice. Tourist and Historical Information: Portoferraio, rich in history and culture, boasts numerous attractions. Villa San Martino, once Napoleon's summer residence, now houses a collection of 19th-century Napoleonic prints. The 12th-century Volterraio Castle is a testament to medieval architecture and offers panoramic views of the city. Other attractions include the Romanesque Church of Santo Stefano alle Trane, the Etruscan Fortress of Castiglione, and the Ottone Botanical Garden. Portoferraio's beaches are among Tuscany's finest, with crystal-clear waters and breathtaking landscapes. Distances: Scaglieri Beach: 5 km Forno Beach: 6 km Bagnaia: 4 km Ottone: 3 km Le Viste: 2 km Viticcio: 7 km Le Ghiaie: 2 km Magazzini: 8 km Capo Bianco: 3 km Seccione: 4 km