For Sale: Unique Renovation Opportunity with Sea View in Portoferraio, Tuscany

Explore this captivating property for renovation in Portoferraio, Tuscany, with panoramic sea views. With vast land and renovation potential, it presents a unique opportunity on the charming Elba Island. Discover the beauty of this exclusive property, ideal for a luxurious private residence or an enchanting tourist-hotel venture. Discover an exceptional opportunity: a grand property for renovation is for sale in Portoferraio, nestled on a hillside with sea views of Montecristo Island. With excellent south-facing exposure, this property is a rarity on the island. It comprises four buildings, including a residential house of around 200 sqm with a terrace, veranda, and 70 sqm cellars, and three rural buildings of 125 sqm, 24 sqm, and 16 sqm respectively. The largest building can easily be transformed into a residential home, while the others offer great potential. Property Description: This expansive property spans 23 hectares of agricultural land. Part of the land is dedicated to olive trees with around 120 plants, and another part is cultivated with a vineyard featuring approximately 300 plants. Some unique terraces of the land are contained by dry-stone walls, and a portion of the property is fenced. Additionally, a well on the premises offers the opportunity to create a pool. The property offers versatile restoration options, whether as a luxurious private villa or a charming tourist-hotel venture. Description of Outdoor Spaces: The hillside location provides an enchanting sea view of Montecristo Island. The vast land is a true natural gem, featuring olive trees, vineyards, and distinctive terraces. The possibility of adding a pool brings an element of luxury and relaxation to the environment. Uses and Potential: This property offers remarkable flexibility in potential uses. It can be restored to become an opulent private villa or transformed into a cozy tourist-hotel establishment. Market Analysis: The exclusivity of the location, the expansive land, and the restoration potential make this property an alluring investment. The allure of Portoferraio and the nearby coastal towns further amplify its value. Touristic and Historical Information about the Region: Portoferraio, a charming port town, and the beauty of Elba Island, once the residence of Napoleon, attract tourists from around the world. Tuscany is renowned for its historical and scenic heritage. Distances: Porto Azzurro - 10 km Portoferraio - 12 km Nearest Beach - 15 km Capoliveri - 20 km Marciana Marina - 25 km Marina di Campo - 30 km Rio Marina - 15 km Piombino (Ferry to the Island) - 10 km Pisa - 150 km Florence - 290 km