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Italian castle, palace and village on sale for $2 million

The medieval castle and village of Serravalle, between the cities of Modena and Bologna in Italy's northern Emilia Romagna region, is for sale for 1.9 million euros, or about $2 million USD. For less than the price of a townhouse or apartment in a cosmopolitan city, your dream of owning an Italian castle and village can now come true. The price is negotiable, and it requires minimal updates.

The property is made up of a distinguished castle built on the ruins of pagan settlements, a three-level 18th century palace called Palazzo Boccadiferro, where the current owners occasionally live, a four-story lookout tower, a beautiful panoramic walkway and a lush 14,000 square-meter park. The location is unmatched - surrounded by vineyards and between two desirable cities in the region of Emilia Romagna. 

Currently, the well-maintained estate is rented out for private events and conferences. The current owners wish to remain anonymous and can no longer maintain the extensive property. They live at the castle during summer months, making the castle equipped with heating, kitchen, utilities, fireplaces, several bedrooms, and bathrooms. 

Given the estate’s historical and artistic value, the castle is supervised by regional arts authorities who have placed restrictions on structural changes such as turning a bathroom into a bedroom.

The tranquil property isn't completely isolated. The village has 40 residents, a frescoed church, a traditional tavern, and a wine museum focusing on local rural life. There are large garden and courtyard areas ideal for evening drinks and sunset walks.

The property is surrounded by the hospitality concept called agriturismi, or farm stays, serving local handmade tagliatelle al ragù and tortellini. There are also vineyards producing premium Pignoletto and DOC wines of the Colli Bolognesi.

Source: CNN

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