An Entire Medieval Village on the Umbrian-Tuscan Border, Offered as One Lot

Seventeen residences, 30 hectares of productive land, two private reservoirs, and a single asking price of $15.5 million.

The renovation is already done. That sentence, in the context of Italian heritage property, carries more weight than it might appear to. Borgo di Comunaglia, a village of 9th-century origin sitting on the border of Umbria and Tuscany, is not a project requiring vision and patience and a reliable geometra. It is an operational asset, fully renovated, comprising 17 residences within a fenced park of more than 30 hectares, offered by Italy Sotheby's International Realty as a single lot at $15,500,000.

For a buyer who thinks in portfolios, the distinction matters. What is on offer here is not potential. It is infrastructure already realised.

The Land Does Its Own Work

The 30-plus hectares are not ornamental. Olive groves, vineyards, hazelnut orchards, truffle groves, and woodland make up the holding, and the entire agricultural operation is irrigated by two private reservoirs built into the property. Those reservoirs are worth pausing on. They represent capital already deployed toward self-sufficiency, the kind of infrastructure that keeps a productive estate independent of external water supply and therefore capable of consistent yield regardless of seasonal variation.

The revenue lines that follow are real ones: olive oil, wine, truffles. None of these is decorative. Truffles from the Upper Tiber Valley command serious market prices, and a dedicated grove with private irrigation is a different proposition from a patch of woodland where a dog occasionally finds something. The agricultural yield here functions as a base return, independent of any hospitality conversion, and it gives the asset a dual-income structure from day one.

Between Arezzo and Perugia, Which Is Exactly Where You Want to Be

The Upper Tiber Valley positioning is specific, and it is worth being specific about it. The borgo sits between Arezzo and Perugia, which means it is within reach of two of central Italy's most established luxury tourism corridors without being absorbed by either. Arezzo to the northwest anchors the Tuscan side; Perugia to the southeast anchors Umbria. The borgo belongs to neither catchment in the way that a property in Chianti or on the shores of Trasimeno would, and that distance is a structural advantage rather than a limitation.

Seclusion at this level is not about remoteness. It is about the calibration of access: close enough to international airports and well-worn hospitality routes to fill rooms or host guests, far enough from the main corridors to command a premium on privacy. The boutique resort segment has demonstrated, across comparable markets in Provence and the Alentejo as much as in Tuscany, that this calibration is precisely what drives per-night rates and occupancy in the upper bracket.

The 17 residences within a single fenced perimeter give an operator the flexibility to run the borgo as a private estate, a managed resort, or some combination of the two. The single-lot sale structure keeps that optionality intact and avoids the fractional complications that have stalled similar acquisitions elsewhere.

Italy Sotheby's International Realty holding the mandate signals a professionally managed process with a clear institutional path to close.

A 9th-century village, fully operational, asking $15.5 million. The figures are on the table. The decision is a straightforward one to frame, if not necessarily to make.