A Working Chianti Estate That Earns While You Own It
An operational wine estate at €2,950,000, where the vines are already working and the accounts already turning
The gap between a Tuscan property with vines and a Tuscan wine business is wider than most listings admit. Stone walls, a restored villa, a few hectares of Sangiovese: these are the furniture of the category. What they do not guarantee is a functioning winery, a DOCG registration already in place, and a hospitality operation configured and licensed to receive guests. Tenuta del Margravio, listed at €2,950,000 through Romolini Immobiliare, sits on the productive side of that gap.
The estate covers 21.2 hectares in the Chianti hills between San Casciano and Tavernelle in Val di Pesa, at an altitude of 280 to 320 metres. The thesis is straightforward: this is an income-generating agricultural business, not a restoration project, and the asking price reflects that operational maturity rather than the promise of it.
Nine Point Seven Hectares With Something to Prove
Of the estate's total land, 9.7 hectares are under vine. The split is commercially meaningful: 7.4 hectares carry the Chianti DOCG designation, and a further 2.3 hectares are registered as Toscana IGT. Annual output runs to approximately 36,000 bottles, or 270 hectolitres, across a variety mix that includes Sangiovese, Merlot, and Sagrantino. The working winery sits in the outbuildings, not in a brochure.
The counterargument is that 36,000 bottles is a modest volume by commercial standards, and that a single-estate operation of this scale carries concentration risk. That is fair. But the buyer here is not acquiring a négociant business; they are acquiring a quality-positioned DOCG estate where the registration, the infrastructure, and the production rhythm are already established. Starting that from scratch, on a comparable parcel, would cost considerably more than the margin between this price and an unworked property of similar size.
The Villa as a Second Revenue Line
The historic villa is divided into five guest apartments totalling seven bedrooms, configured for agriturismo use. This is not an incidental detail. Seven bedrooms across five independent units represents a meaningful hospitality operation, and the agriturismo licence is one of the harder things to replicate in Italian agricultural property. Wine revenue and hospitality revenue do not peak in the same seasons, and they do not respond to the same pressures. That partial counter-cyclicality is precisely the structural quality a long-horizon investor values. For buyers considering relocation, Italy's flat-tax and impatriate regimes add a further layer of planning utility, though the asset stands on its own without them.
Scarcity Is Not a Marketing Position Here
Restored, income-generating Chianti estates at this scale and operational maturity reach the open market infrequently. That scarcity is not rhetorical; it reflects the effort required to bring a wine property to this point and the reluctance of owners who have done so to sell. Liquidity is low, and the holding horizon should be long. But for the investor who is comparing this against other Tuscan income assets, the question is not whether €2,950,000 is a low price. It is whether the price reflects what the asset actually does. At Tenuta del Margravio, it does.
The vines are in the ground, the DOCG is registered, and the apartments are ready for guests. The work, in the most important sense, has already been done.
If you want to know more, contact us at info@italiainvested.com.
