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House 1016 м² in Arezzo, Italy

2 014 573 $

1 982 $ /м²

4OhWx
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Area

1016 м2

Bedrooms

3

Bathrooms

4

Year of construction

1300

House . City - Arezzo

In the heart of the historic center of Castiglion Fiorentino stands a majestic historic palace that preserves centuries of history and nobility. This residence was once home to the Counts Gaci, key figures in the reclamation of the Valdichiana during the Grand Duchy of Tuscany under the Medici, and it tells the story and traditions of a family that left an enduring mark on the region.

The renowned German painter Georg Baselitz, master of Neo-Expressionism, lived here for an extended period, finding within these rooms and landscapes an inspiring retreat for his creativity.

The property is arranged over five levels, all in need of renovation yet rich in character and historic details:

Passing through the entrance from the characteristic medieval alley, one is welcomed into an imposing entry hall. Continuing on, there is a light-filled reception room opening onto a panoramic veranda with views over the valley and the cloister. The floor is completed by two additional rooms and a bathroom, ideal spaces for ateliers or private studios.

The first floor represents the noble heart of the residence: a vast living room dominated by an impressive 16th-century fireplace, a spacious kitchen, a dining room, one bedroom, a guest bathroom, and the master suite with en suite bathroom and walk-in wardrobe.

Ascending to the second floor, there is a large and versatile space, perfect to be transformed into a private cinema room or a panoramic relaxation area. Adjacent is a master bedroom with private bathroom, along with another room suitable as a bedroom or study, with the possibility of creating a second bathroom. This level also opens onto a magnificent panoramic terrace, accessible from both rooms.

Finally, the two basement levels offer generous and multifunctional spaces, ideal for conversion into wine cellars, a wellness area, or service quarters. There is also a large terrace, with the potential to create an adjoining kitchen, perfect for hosting convivial gatherings with friends and family.

The property is further enhanced by a beautiful internal cloister with independent access from the road outside the city walls, which may also be used as a driveway entrance.

Additional details

Property type

Elite

Object type

House

Price

2 014 573 $

Land area

330

FAQ

In Italy a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Arezzo; 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 Arezzo 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 (2 014 573 $) 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 Arezzo: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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