Apartment for Sale in Cavo, Island of Elba

Apartment for sale in Cavo, Rio, Island of Elba. Historic property with three double bedrooms, private garden, and parking spaces. Ideal for residence or tourist investment. General Description: Located in the picturesque locality of Cavo, in the municipality of Rio, just 200 meters from the beach, we offer for sale a charming apartment free on three sides within a historic manor villa of great charm and dominant position. The property offers a large private garden of about 500 sqm that surrounds three sides of the building and a driveway entrance with parking spaces. The proximity to the port and the main services of the town makes this solution ideal both as a main residence and as a tourist investment on the Island of Elba. Interior Description: The apartment, accessible directly from the garden, opens onto a large entrance leading to the bright living room, perfect for family relaxation moments. The eat-in kitchen, equipped with a pantry, offers a functional space for convivial lunches and dinners. The sleeping area consists of three spacious double bedrooms, characterized by brightness and comfort, and a windowed bathroom. The spacious and well-distributed rooms make the apartment welcoming and ideal for hosting large families or groups of friends. Exterior Description: The private garden of about 500 sqm surrounds three sides of the apartment, offering ample green spaces for outdoor relaxation, children's play areas, or summer dinners. The driveway entrance allows convenient parking of cars within the property, ensuring security and practicality. The dominant position of the building provides a pleasant view of the surroundings and excellent sun exposure. Utility Details: The property is equipped with all main utilities: water, electricity, and municipal sewage system. The heating is autonomous, allowing independent management of consumption. The systems are functional but could benefit from updates to improve energy efficiency and comply with current regulations. Uses and Potential: Thanks to its strategic location just steps from the sea and services, the apartment is ideal both as a main residence for those wishing to live in a quiet yet well-served context and as a holiday home. Additionally, it represents an excellent investment opportunity for tourist rentals, given the growing demand on the Island of Elba. The possibility of purchasing the entire villa amplifies the potential, allowing the development of an accommodation facility or multiple housing units. Local Real Estate Market: The real estate market in Cavo, within the municipality of Rio, is characterized by strong demand for properties near the sea, both for residential and tourist use. Average prices for similar apartments in the area range between €3,000/m² and €4,500/m², depending on specific features and location. Historic properties with large outdoor spaces, like the one proposed, can reach higher values. In recent years, the Island of Elba has seen increased interest from Italian and foreign buyers, thanks to its natural beauties and the quality of life offered. Tourist and Historical Information: Cavo is a charming seaside village located on the northeastern tip of the Island of Elba, known for its sandy and pebbly beaches washed by crystal-clear waters. The town offers a pleasant seaside promenade, with numerous bars and restaurants where you can savor local cuisine. Among the historical attractions is the Tonietti Mausoleum, a peculiar Liberty-style construction immersed in nature. Hiking enthusiasts can explore trails leading to Monte Grosso, from which you can enjoy a panoramic view of the Tuscan archipelago. Cavo is also a point of arrival for ferries and hydrofoils from Piombino, making the mainland easily accessible. The Island of Elba offers numerous activities, including diving, trekking, visits to mining sites, and historical villages such as Rio Marina, Capoliveri, and Portoferraio. Distances: Cavo Beach: 200 m Cavo Port (ferries and hydrofoils): 300 m Rio Marina: 7 km Capoliveri: 20 km Porto Azzurro: 18 km Portoferraio: 25 km Marina di Campo Airport: 35 km Piombino (ferries to Elba): 15 km by sea Pisa: 130 km via Piombino Florence: 160 km via Piombino