Estate for Sale in Fiesole, Florence

Estate for sale in Fiesole, Florence, featuring 16 hectares of land, 5 residential units (including 2 rented apartments), and an agricultural business. Ideal for investment, with potential for a hospitality business. General Description: Nestled in the stunning hills surrounding Florence, we offer for sale a large real estate property covering 1,080 sqm, surrounded by approximately 16 hectares of land, primarily cultivated with olive trees. The estate includes 5 residential units, each with its own private garden of varying sizes, offering a range of possibilities for both residential and business use. Among the properties are two independent villas, a farmhouse in need of restoration with an approved project to transform it into a hospitality facility, and two rented apartments generating a total annual income of €18,000. The estate also includes an operational agricultural business, making this property perfect for those seeking an investment opportunity or a peaceful rural lifestyle, while still being close to the vibrant city of Florence. Interior Description: The property spans a total of 1,080 sqm, divided into five residential units with distinct layouts and characteristics. Among these, there are two independent villas that offer privacy and space, ideal for anyone looking for a peaceful retreat in the Tuscan hills. The farmhouse, which requires restoration, presents a huge potential with an approved project to convert it into a hospitality business, such as a bed and breakfast or agriturismo. The two rented apartments are currently leased, providing a steady annual income of €18,000, offering immediate financial return for the new owner. Each unit is surrounded by its own private garden, providing plenty of space to enjoy the outdoors. The villas, in particular, offer expansive grounds and serene views of the surrounding countryside. While some of the buildings need renovation (like the farmhouse), they all offer high potential to be transformed into luxurious, private residences or tourist accommodations. Exterior Description: The property is situated on 16 hectares of land, primarily consisting of olive groves that are in full production. This makes it perfect for those wishing to continue olive oil production or expand into other agricultural ventures. The land also offers ample green space for cultivation or livestock. The residential units are spread across the estate, each benefiting from its own private garden, which varies in size depending on the unit. The panoramic views of Florence and the surrounding hills are breathtaking, offering both beauty and tranquility. The property’s secluded location ensures peace and privacy, while its proximity to Florence allows easy access to the city’s cultural and historical landmarks. Main Features: Total Living Area: 1,080 sqm Land: 16 hectares (primarily olive groves) Units: 5 (including 2 rented apartments generating €18,000/year) Villas: 2 independent units Farmhouse: To be restored with an approved project for a hospitality facility Agricultural Business: Included (olive production) Private Gardens: Yes (with each unit) Bathrooms: 10 Heating: Autonomous No Elevator Not Furnished Air Conditioning: No Garage: No Condition: Excellent (except for the farmhouse which requires restoration) Details on Utilities: The estate has autonomous heating, and each unit is equipped with the necessary utilities (water, electricity, gas). The agricultural business is well-equipped with facilities for olive oil production. While the farmhouse is in need of restoration, it has been approved for the development of a hospitality facility, including the necessary infrastructure. Uses and Potential: This estate is a fantastic opportunity for both personal use and business ventures. The 5 residential units provide ample space for a large family or can be used as separate accommodations. The farmhouse, with its approved project for hospitality, offers a great chance to create a boutique agriturismo, B&B, or other tourist facility, capitalizing on the location’s natural beauty and proximity to Florence. Additionally, the two rented apartments provide immediate income, making this estate an attractive option for investors looking for a property that generates revenue. The land, with its olive trees, presents the opportunity for agricultural development, particularly olive oil production, which could be expanded or marketed as part of a tourism-related business. Local Real Estate Market: The real estate market in Fiesole and the surrounding hills of Florence is highly sought after, particularly for properties with large land areas, such as this estate. Properties with both residential and agricultural potential are rare and highly valued, especially in the picturesque Tuscan countryside. The demand for agritourism and hospitality businesses in this region is also growing, given the area’s proximity to Florence and its rich cultural heritage. Properties in Fiesole and the nearby hills typically range from €2,500/m² to €4,000/m², depending on the location, size, and features of the estate. With its extensive land and multiple units, this estate represents a great investment opportunity. Tourist and Historical Information: Fiesole is a historic town just outside Florence, renowned for its Etruscan and Roman ruins, including the ancient Roman theatre. The town offers stunning panoramic views over Florence and is surrounded by hills, providing numerous opportunities for outdoor activities such as hiking and cycling. Fiesole is also home to beautiful villas, gardens, and cultural sites, making it a popular destination for both locals and tourists. The town’s proximity to Florence allows residents to enjoy the city’s world-class museums, galleries, restaurants, and historical landmarks while living in a peaceful, rural setting. Main Distances: Florence City Center: approximately 10 km Fiesole: approximately 5 km Pisa: approximately 90 km Florence Airport: approximately 15 km Siena: approximately 70 km San Gimignano: approximately 50 km