Rustic farmhouse for sale in Portoferraio

Rustic farmhouse for sale in Portoferraio. Property of 390 sqm with five apartments, 2,500 sqm garden, and olive grove. Ideal for residence or tourist investment on Elba Island. General Description: Set in the enchanting hilly landscape of Portoferraio, just 10 km from the Medicean city, this classic farmhouse of about 390 sqm offers a perfect balance between simplicity, comfort, and Tuscan authenticity. The property is divided into five apartments: one main residence and four others intended for summer and annual rentals. Surrounded by a charming 2,500 sqm garden with plants from around the world and an additional area designated as an olive grove, this property represents a true oasis of tranquility, ideal for those wishing to live immersed in the beauty of the Tuscan countryside. Interior Description: The farmhouse is spread over two levels and includes five independent apartments. The main residence offers large living spaces, while the other four apartments are perfect for tourist or residential rentals. The interiors retain typical elements of Tuscan architecture, such as exposed beams and terracotta floors. Exterior Description: The property is surrounded by a well-maintained 2,500 sqm garden, enriched with exotic plants from around the world. Part of the land is dedicated to an olive grove, offering the possibility of producing olive oil. Two small warehouses complete the property, ideal for storing equipment or convertible into useful spaces according to personal needs. Main Features: Surface: 390 sqm Apartments: 5 (1 main residence, 4 for rental) Garden: 2,500 sqm with exotic plants Olive grove: present Warehouses: 2 Utilities Details: The farmhouse is equipped with independent heating. The systems are functional but may require upgrades to improve energy efficiency. Uses and Potential: Thanks to its privileged position and the division into multiple living units, the property is ideal both as a primary residence and as a hospitality structure. The tranquility of the area and the proximity to the main points of interest on Elba Island also make it an excellent investment opportunity for tourist rentals. Local Real Estate Market: The real estate market in Portoferraio shows residential property prices ranging from €1,600/m² to €2,800/m², with an average of about €2,300/m². In recent years, the market has shown stable growth, with an average annual increase of 2-3%. Demand for properties in seaside locations like Portoferraio is particularly high during the summer months, helping maintain stable real estate prices. Tourist and Historical Information: Portoferraio is a charming location on Elba Island, renowned for its beaches and historical heritage. Major attractions include the Villa dei Mulini, Napoleon Bonaparte’s residence, Fort Falcone, and Fort Stella. The area also offers numerous trails for trekking enthusiasts, such as the San Martino to Volterraio trail, which offers breathtaking views over the sea and surrounding countryside. Distances: Portoferraio town center: 10 km Beaches of Elba Island: 5 km Marina di Campo Airport: 15 km Piombino (ferries to Elba): 30 km Florence: 150 km Pisa: 120 km Livorno: 100 km Tuscan Archipelago National Park: 20 km Capoliveri: 15 km Rio Marina: 20 km