Main Countries Buy Rent

Flat 1000 м² in Siena, Italy

729 560 $

729 $ /м²

4Oj3s
Share:

Area

1000 м2

Bedrooms

10

Bathrooms

10

Year of construction

1900

Flat . City - Siena

Located along one of the main thoroughfares in the historic center of San Gimignano, this prestigious historic palace is available for sale. Requiring renovation, the property offers a total area of approximately 1,000 square meters arranged over four floors.

Originally built as a convent and later transformed into an elegant noble residence, the building features three free sides and three independent entrances. Entering through the main entrance on Via San Giovanni, a large doorway opens onto a spacious hallway leading to the picturesque internal courtyard, enhanced by high vaulted ceilings, as well as to the historic staircase providing access to the upper floors.

The property's considerable investment potential is further highlighted by its existing internal layout, which already comprises ten apartments distributed from the first to the fourth level. The first floor houses the original master residence, distinguished by large windows overlooking the main street and enriched by a private chapel that is still consecrated today. As one moves towards the upper floors, the interiors benefit from excellent natural light thanks to terraces and balconies, offering highly evocative panoramic views over the rooftops of the town.

The street level includes a craft workshop with a separate entrance and direct access to a magnificent private and exclusive courtyard of approximately 100 square meters. This outdoor area, easily accessible and fully owned by the property, is a true rarity in the town's historic center, offering a wide range of potential uses and development opportunities. The building's ancient foundations also accommodate cellars and storage rooms, preserving the property's authentic historic character. Generous spaces, architectural prestige, multiple residential units and the presence of the rare private courtyard make this palace a truly unique real estate opportunity in San Gimignano.

Additional details

Property type

Residential Properties

Object type

Flat

Price

729 560 $

FAQ

In Italy a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Siena; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Italy finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Italy takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Siena short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (729 560 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Siena: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

Related sections