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Artistic House with Pool and Olive Grove near the Coast

€1,678,000 $1,829,020
$
Location Camaiore, Tuscany

Ref #: 6662

ITALY, TUSCANY, LUCCA, CAMAIORE

Spectacular farmhouse of 370 square meters where art and beauty, energy and refined details meet, giving life to eclectic atmospheres where past and present are perfectly combined in every room. Within its olive grove of 9500 square meters. with a panoramic swimming pool and the tree house, this property is definitely unique. It is impossible not to feel the energy of the place and the view that you can enjoy from the large windows that characterize the structure.

Location

In the territory of Camaiore there are many characteristic locations. They range from the beach of Lido di Camaiore to the peaks of the Apuan Alps such as Mount Prana, Mount Matanna, Mount Gabberi, passing through hills of varying heights. Also important is the Capezzanese plain, known for the cultivation of flowers and nurseries in general, as well as the Lido seafront and the hillside hamlets with small vineyards and olive groves. From the farmhouse it is possible to reach the sea in a quarter of an hour by car. Pisa airport is easily reachable in twenty minutes and the historical city of Florence in an hour.

Description

Leaving the main road, you follow a road among the olive trees, and are greeted by large pictures depicting typical local characters, large photographs of fishermen, women busy in simple and everyday gestures adorn the trees that frame the road that leads to the property. You reach the practical parking area and your gaze is caught by the large staircase leading to the first floor, a particularly welcoming and large staircase for a typical Tuscan farmhouse.

Entering the living area you can appreciate the large living room with its brick fireplace and the bar area, the cozy dining room and a bathroom as well as the pantry and the kitchen from which you access the covered terrace overlooking the olive grove and the lawn.

The staircase leading to the first floor where the sleeping area has been furnished is very organic and beautiful. There are no austere structural images, everything is in harmony.

The top floor has been designed to accommodate three large double bedrooms and two large bathrooms. From here the view opens up over the valley and the eye reaches the sea. On clear days the sea and the Apuan Alps create a truly suggestive spectacle that can only be appreciated in this place.

The ground floor connected to the first and last floor enjoy independent access to the four large bedrooms all equipped with bathrooms. In this part of the house, the owner hosts friends, as it offers privacy and outdoor space equipped for cooking in summer.

A short distance away a rural outbuilding has been restored to create a fun treehouse.

Outdoor spaces

The house enjoys great privacy but is not isolated. The land of 9500 square meters is cultivated with lawn in the flat part, as well as olive trees. There are about 100 olive trees which produce a tasty Tuscan oil. The panoramic swimming pool is embellished by the statue of a diver floating in the middle of the pool. It is wonderful to linger and enjoy the sun in the relaxation area set up by the pool.

Art installations and photographs also characterise the unique and surprising outdoor space.

Condition and finishes

The house has a plaster and stone facade, the floors are in resin and there is brickwork with perfectly maintained antique wood inserts. Exposed beams on the ceiling, decorated ceramics and precious cutlery in the kitchen, some of the beds are built in as are the bedside tables and storage areas. Perfect in all its internal and external parts, the property is ready to be lived in and enjoyed.

Potential use

It’s perfect for a family that wants to live in the countryside but be close to the sea and the mountains where you can have excursions and food and wine tours. The proximity to the town of Camaiore means that the property can be lived in all year round. It is also perfect as a high-level rental property.

 

Address: Camaiore, Tuscany

Location type: Rural

Condition: Restored

Bedrooms: 8

Bathrooms: 10

Property size: 370 sq meters

Land size: 0.95 hectare

With a pool
Within 1 hour of an airport
Olives
Features
artistic finishes
Character property
Garden
Near the coast
olive grove
Parking
swimming pool
treehouse
Views

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FAQs

What is a notary?

A notary is a qualified lawyer who is employed by the Italian government. When you are buying Italian property, it is a notary who conducts the legal transfer of a property from vendor to buyer, and prepares the deed of sale, checks there are no charges on the property, title issues and with the assistance of a technician such as a geometra or architect, checks the property conforms to all planning issues.

It is always the buyer and not the vendor who pays the purchase taxes due and who pays the notary fees also. This means that it is up to the buyer which notary is used. In practice it is usually one of the local notaries and we can recommend which one to use and which one is cheapest, as notary prices do vary.

We provide a detailed list of all fees and taxes (including the notary’s quote) before you sign any contracts.

Translator – if you do not speak fluent, enough to understand detailed legal contracts, you will need to have a translator at the notary deed. Your agent or the notary will usually arrange this so you don’t need to worry about it. The cost varies but is often 200-300 euros. This can sometimes be shared with the vendor if they are also non fluent in Italian.

What taxes are payable for a property purchase in Italy?

This depends firstly on two things.
A. Are you buying as a resident or a non resident?
B. Are you buying from private individuals or from a company?

If you are buying from private individuals, then the taxes you pay are based on the cadastral value – a nominal value which each property has and which depends on its size, location, standard etc – nothing to do with the market value.

Example 1:
House price agreed €100,000.
Property belongs to private sellers.
Cadastral value of the property €32,000.

Let’s say you intend buying the house as a non resident (.ie. you do not intend moving to Italy permanently and applying for residency).
Taxes payable are 9% on cadastral value €32,000 so €2,880 plus a few smaller fixed taxes.

Or, if you intend moving to live in the house permanently, applying for Italian residency, then as long as you don’t already own another property in Italy;
Taxes payable are 2% on cadastral value €32,000 so €640 plus a few smaller fixed taxes. A minimum figure may be payable.

Please note, you could buy the house as a resident and pay the lower rate of tax if you intend moving there and obtaining residency within the next 18 months. Don’t be tempted to do this unless you are definitely sure you will become a resident. If you then do not, you need to pay the difference in taxes plus a penalty of around 30%.

If there is substantial land (not just a garden) with the property, then 15% is payable on the value attributed to the land, which can be quite low, eg a value of €15,000 could be attributed to the land so 15% of 15,000 = €2,250 would be the tax on the land.

Example 2:
House price €100,000
Property is being sold by a company
Cadastral value of the property is €32,000

Let’s say you intend buying the house as a non resident (i.e. you do not intend moving to Italy permanently and applying for residency).
Taxes payable are 10% VAT on full market price €100,000 so €10,000 plus a few smaller fixed taxes.

Or, if you intend moving to live in the house permanently, applying for Italian residency, then as long as you don’t already own another property in Italy,
Taxes payable are 4% VAT on €100,000 so €4,000 plus a few smaller fixed taxes.

Once we know
– which house you want to buy, its cadastral value and who owns it (company/individual)
– whether you intend to buy as a resident/non resident and if it’s your first property in Italy

only then can we ask the notary to provide a quote for the precise taxes payable.

Other circumstances

Then of course there are other scenarios.

If the value of the property you want to buy is very low (eg €50,000) then purchase costs are likely to be a higher percentage as there are set minimums to pay for all fees and taxes. So on a €50,000 house, you are likely to pay 12-15% instead of 10% (non resident).

You might want to buy a property (being sold by private individuals) with your company. Taxes are considerably higher in this case, as they would be 9% on the sale price (not on the cadastral value). So it’s cheaper to buy a privately owned property as a private individual, not as a company.

But, in the case of a country property which is a farm/winery/agriturismo, these are often owned by a farming company (azienda agricola) , which has considerable tax advantages as you can buy the farm and pay just 0-1% (depending on the circumstances) on the purchase price in tax.

If you buy directly an existing farm (ie a farming company with no other assets within the company), you just pay the fees for buying the shares in a company – ie an accountant, a notary and some small fixed taxes.
If you set up a farming company (the property must have all the requisites to be a farm) with a board of directors and an IAP (professional farmer) to buy the property and land you pay 1% on the sale price.
In both cases above, you are buying as a company so being a resident or non resident doesn’t come into it, you are not buying as a physical person.
So buying an existing farm, or setting one up, has tax advantages, compared to buying a property, especially as a non resident. However there are of course costs involved in running the company, so it’s best to seek the advice of an Italian accountant.

Taxes would be different for a commercial purchase, eg if your company is buying an Italian company (ie a farm or other company). Buying the shares of a company usually meets zero taxes, just a few fixed fees, and notary and accountancy fees.

The above is a guide, and once you have found a property you are interested in buying, we can obtain a notary quote for you, with a full breakdown of the taxes and fees due.

What other purchase costs are there?

Notary fees – approx 1-2%, more for a lower priced property due to some fixed taxes.

Agency fees – in Italy both buyer and seller pay the agent. These are payable to the Italian agent  (one of our partners) you view the house with at compromesso (preliminary contract) stage and for each party are usually 3% plus VAT. VAT is 22% in Italy. Minimums apply. Nothing is payable to Casa Tuscany so you will not pay double the fees, you will just have double the assistance!

Compromesso registration fees – approx €380 plus a part payment of taxes which is deducted from the total taxes due at completion.

Translator for the deed signing at the notary’s office. Required if you do not speak Italian well enough to understand legal deeds. Approx cost €250 – €350 depending on the notary.

Technical report for the notary.  Checks all the planning issues of the property, making sure it matches the official plans, no works have been carried out without permission, gathers all previous permits, checks the house is sellable and not illegal in any way. Carried out by a geometra, architect or engineer and costs vary considerably, a minimum of €761 including VAT/ Please note this report is NOT a structural survey, that is an optional additional report you may wish to instruct.

What annual costs are there? How should I pay them?

Local council tax – IMU (formerly ICI) – payable only by non residents. This needs to be paid twice a year at the post office – no bill is sent. Most people use a local accountant or property manager to calculate it.

Refuse tax (TARI)

In some areas, mountain community tax.

If you buy a property which is part of a condominium, e.g. with shared pool and grounds, lighting etc, then there will be annual condominium fees to pay which usually range from about €200 to €1000/year unless it is a particularly luxurious property with many amenities in which case costs could be higher.

Utilities

Do I need an Italian bank account?

You don’t really need an Italian bank account for buying a property in Italy any more as money is usually sent by bank transfer, although some notaries insist the funds are sent from an Italian account set up by you.

You could of course open an account to handle bills but bear in mind that some utilities companies refuse to arrange direct debits for non resident accounts, and some bills cannot be paid by direct debit.
You could always pay your bills online or if you have a property manager then send them the funds for settling all the bills.
If you do intend opening an Italian bank account, bear in mind that Italian bank charges are high . Usually there is a monthly fee to pay, plus charges for receiving money, paying bills, sending statements, etc etc.

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