russian mystery buyer pays €6 mn for tuscan seaside villa.docx

8/10/2019 Russian mystery buyer pays 6 mn for Tuscan seaside villa.docx

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MULTIMEDIA REAL ESTATE

Russian mystery buyer pays 6

mn for Tuscan seaside villa, newluxury hotel in the worksbyAndrea Carli

1. Villa Godilonda (Castiglioncello, Italy) courtesy Lionard 1/8
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3.Villa Godilonda (Castiglioncello, Italy) courtesy Lionard 3/8


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An Russian buyer has spent 6 million to buy one of the most beautifulvillas on the Tuscan coast, and plans to transform it into a new luxury hotel,said real estate company Lionard Luxury Real Estate, which negotiated thesale.

The Villa Godilonda, previously owned by the Bulgari family of jewellryfame, had been abandoned for seven years.

The negotiation for the sale of Villa Godilonda began over eight monthsago, and was complicated by the fact the property was owned by numerousindividuals. The property is not in good condition having been abandonedfor many years, said Dimitri Corti, CEO of Lionard

Villa Godilonda is not only one of the Tuscan coasts most beautiful villas,its also one of the most storied. Gabriele D'Annunzio, one of Italy's mostimportant writers, is said to have given it its name from godi l'onda orenjoy the waves, after having spent a romantic and passionate night here

at the beginning of the twentieth century.


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Built at the end of the nineteenth century on the land of Baron Patrone(who owned Castle Pasquini), in 1924 it was bought by Americas Carterfamily and after the war became the summer residence of the Bulgaris,

before being transformed in the 1980s into a hotel where famous Italian

actors stayed when visiting the seaside resort of Castiglioncello: fromMarcello Mastroianni to Vittorio Gassman and Walter Chiari. In 2007 itwas closed indefinitely.

Constructed on the tip of a promontory, like the bow of a ship, the propertyis composed of the main villa of roughly 1700 square meters with 28

bedrooms with stunning views;a winter garden and a spa where you canhave a sauna, massages or Turkish bath. The property is surrounded by11,000 square meters of park and mediterranean scrub, a private beach andthe possibility of creating a helipad complete the property.

Russians snap up Italian real estate.

In recent times our market research has shown the majority of clientsinterested in the purchase of historic homes and luxury villas have comefrom Eastern Europe, in particular Russia and Turkey,said Corti. The

clients of the future will be Asian: China and Hong Kong in the lead. Today90% of clients for these types of properties are foreigners who are notsearching just for a luxurious home but for a dream, a way of life, thememories of important history. The market is similar to that of art and

antiques because we are dealing with unique structures.The Italian Economy Ministry aims to sell off its public real estate holdings.Last year, for example,State Property Office paid 10 million torennovate Villa Tolomei, a public property which consists of seven buildingson the Florentine hills, nearby Marignolle (Florence). Once transformedinto a five-star hotel, it was leased for 50 years to private operators.

The crisis has made some of these properties extremely desirable in termsof price. A few months ago Villa Pontello was sold, formerly belonging toCount Flavio Callisto Pontello, builder and ex-president of the football clubFiorentina. Villa Corcos is for sale, which belonged to Italian actor AlbertoSordi. The price tag? Just 15 million.

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russian mystery buyer pays €6 mn for tuscan seaside villa.docx

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