5 bedroom Villa for sale with panoramic view in Florence, Tuscany
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Reference: 171517
- Bedrooms: 5
- Bathrooms: 5
- Floor Size: 874 m2
- Plot Size: 0.5 hectares / 1.24 acres
Features
- Terrace
- Fruit Trees
- Vineyard or Wine Making
- Elevator
- Panoramic View
- Quiet Area
- Parking
- Garage
- Turn Key Good Condition
Details
A most prestigious property currently on the market in Florence.
An exquisitely renovated, historic Florentine villa in one of the most sought-after areas of Florence.
Many of Florence’s main attractions can be viewed from the villa, such as The Duomo, the Val d’Arno, Fiesole, and the Appenines.
The villa enjoys an elevated position providing breathtaking views, privacy and excellent security.
Between the Main House (Casa Padronale) incorporated medieval tower, and staff cottage, Villa il Palagio offers 874 sq. m. (9,407 sq. ft.) of interior living space.
The ground floor consists of a entrance hall, 2 central reception rooms, a drawing room, a “winter dining room” and a “summer dining room,” a kitchen with pantry and separate entrance,wc.
The first floor consists of a morning room, panoramic suite, 3 spacious double bedrooms each with en-suite bathroom and a private courtyard terrace. The ground floor and upper floor are accessible via a sweeping staircase and a three-person passenger elevator.
The medieval tower is 22 meters (72 feet) high and has 2 bedrooms with en-suite baths accessed by a beautiful custom made floating staircase. The tower is crowned by a belvedere sitting room with 360-degree views of Florence and surrounding countryside.
The villa and grounds were dramatically renovated and restored in the 1990s, by the current owners. With a careful eye to historical accuracy matched by luxurious, modern amenities. The interior and the exterior have been completely over-hauled and upgraded according to the highest standards. All historic elements, such as rare intarsia inlay doors and period beamed ceilings were painstakingly restored by local specialist artisans.
The villa is composed of :
• 874 square meters (9,407 square feet) interior living space
• 4,470 square meters (1.1+ acres) lot
• 5 bedrooms
• 5 full baths
• 1 half bath
• 3-story passenger elevator
• Fully walled compound with high-security infrastructure
• Subterranean garage with space for 4 cars
• Extensive (and rare!) on-street parking
• Garden house with limonaia and additional living space
The Villa is situated just 15 minutes from the heart of Florence., on a quiet back road just off one of the main roads leading into the centre.
The villa enjoys a private and peaceful setting only minutes away from historic centre of Florence. The villa is flanked by olive groves and vineyards, so whilst being relatively central, one also enjoys a countryside setting.
The property dates back to the Middle Ages when the original tower was built. During the renaissance period villas in this area were chosen as an ideal place of retreat by many of Florentines noble families, and it was the Strozzi family who first converted the property into a Villa. Since then, the villa has had a series of illustrious owners.
A renowned art historian described the villa as “a real Florentine villa,” a perfect example of the 15th century palagio that wealthy Florentines built as a complement to their urban dwellings.
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Italy Property Buying Guide
Guide to the Italian Buying Process
1. Making the Offer to Purchase (Offerta)
Once you have found the property you wish to purchase you will start the process by making a formal offer to the vendor, the estate agent will act on your behalf and put forward the offer, a deposit will be made available, generally around (10,000 - 20,000 EUR). Once the vendor has accepted the offer it will be formalised in writing to the vendor in both English and Italian. If this is accepted the deposit (Caparra Confirmatoria) will be paid to the vendor. This will form a legally binding contract. Neither party may withdraw at this point, the sale can be forced by either party or a claim for damages can be made. If the purchaser withdraws their deposit will be lost, if the vendor withdraws the purchaser can claim twice the deposit in compensation.
2. Signing the Preliminary Contract (Compromesso or Contratto preliminare)
The next step will take place between 1 and 3 months after the offer has been accepted, this is a formal agreement between the vendor and purchaser to sell and buy the property, this agreement is the Preliminary Contract and will contain the conditions and terms of the sale. It is important at this stage that you have a full understanding of all the details contained in the contract. We would strongly recommend that you appoint a Notary who is fluent in English. This document will include the purchase price, a detailed description of the property including completion date and will cover any obligations placed upon the buyer and the vendor. All information relating to the property including any planning permissions for the property and the cadastral details (a public record, survey, or map of the value, extent, and ownership of land as a basis of taxation). Once the Preliminary Contract (Contratto preliminare) has been signed a further deposit (Caparra Confirmatoria) will be paid, this will generally be 10% - 20% of the purchase price. There will also be an estate agents Commission Fee (Provvigione) which will need to be paid at this point.
3. Signing the Final Deed of Sale (Rogito or Atto Notarile)
The purchaser must have a bank account in order to make the purchase on completion. The signing of the final deed of sale which will authorise the transfer of the property must be overseen by a Notary (Notaio). The buyer will select and hire the Notary, but they are members of an independent body of public/professionals who will draft the purchase deed, they will oversee the passing of the title legally from the vendor to the purchaser. The Notary will also verify the legality of the documentation and registration with the Conservatoria dei Registri Immobiliari and the Local Land Register.
4. Formalities to be observed after Completion
Foreign buyers should obtain a certified copy of the Purchase Deed (Rogito), which the Notary will have lodged with the authorities. Generally this will be available to collect around 2 – 3 weeks after completion. The Notary will also give you a form to complete for the the local authority (Questura) who will have been given formal notice of the purchase. Your Notary will help you to complete this form. You will need to contact the utilities companies to set up new contracts (power, water, telephone, gas etc.). If the property is a flat, the condominium manager (Amministratore del condominio) should be informed of change of ownership of the property.
IMPORTANT - Disclaimer : All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.
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