Land With Monastery For Renovation For Sale In Montescaglioso Italy
€650,000€1,625/m²
Montescaglioso, Matera, Italy
12
bedrooms
3
bathrooms
400 m²
interior
230,000 m²
plot
House
property type
Today
listed
About this place
Land With Monastery For Renovation For Sale In Montescaglioso Italy
Esales Property ID: es5554463
Via Sant. Agata
Montescaglioso
Matera
75024
Italy
Historic Monastery with Expansive Land for Renovation in Montescaglioso, Italy: A Unique Investment Opportunity
Discover a truly exceptional opportunity to own a piece of Italian history with this expansive 23-hectare estate in Montescaglioso, Italy. At its heart lies an ancient monastery dating back to the 18th century, offering immense potential for renovation and development. This unique property, just 15km from the 'European Capital of Culture 2019,' Matera, presents a rare chance to create a stunning private residence, a boutique hotel, or a unique retreat.
A Legacy of History and Natural Beauty:
The estate encompasses a diverse landscape, including a private pinewood area, olive groves, and mature pine trees surrounding the monastery itself. This blend of natural beauty and historical significance creates a truly captivating setting.
The Monastery: Awaiting Transformation:
The monastery, spanning approximately 350 square meters across three floors, offers a substantial footprint for renovation.
* Ground Floor: This level currently comprises a single large room, three smaller storage warehouses, and a spacious cellar. These spaces offer significant potential for conversion into various uses, such as a reception area, wine cellar, or additional living spaces.
* First Floor: The first floor features a large living room with a kitchen and a fireplace, creating a warm and inviting atmosphere. This level also includes a separate room and a self-contained apartment with two bedrooms, a bathroom, and a kitchen. This existing apartment provides a valuable starting point for renovation and could be used as a temporary residence during the development process.
* Second Floor: Mirroring the layout of the first floor, the second floor features a similar self-contained apartment with two bedrooms, a bathroom, and a kitchen, along with an additional room.
Development Potential: A Vision of Possibilities:
The monastery’s existing structure and the expansive land offer a wealth of development possibilities:
* Boutique Hotel: The monastery’s layout lends itself perfectly to conversion into a charming 12 bed boutique hotel. The existing rooms and apartments can be transformed into luxurious guest suites, while the ground floor can be converted into common areas such as a reception, dining room, and lounge. The surrounding land provides ample space for creating outdoor amenities such as a swimming pool, gardens, and terraces, enhancing the guest experience. The possibility of creating six bedrooms and potentially six bathrooms is easily achievable within the existing structure, with ample room for further expansion.
* Private Residence: The monastery can be transformed into a stunning private residence, offering ample space for a large family or those seeking a luxurious retreat. The existing layout can be reconfigured to create spacious living areas, multiple bedrooms and bathrooms, a home office, and entertainment spaces.
* Retreat or Wellness Center: The tranquil setting and expansive grounds are ideal for creating a retreat or wellness center. The monastery can be converted into accommodation and treatment rooms, while the surrounding land can be used for outdoor activities such as yoga, meditation, and nature walks.
* Agricultural or Agritourism Venture: The extensive olive groves and land offer the opportunity to develop an agricultural or agritourism venture. This could involve producing olive oil, hosting cooking classes, or offering farm stays.
Strategic Location: Proximity to Matera:
The property’s strategic location, just 15km from Matera, adds significant value. Matera, a UNESCO World Heritage Site and the European Capital of Culture 2019, is a major tourist destination, attracting visitors from around the world. This proximity offers excellent potential for attracting tourists to the property, whether it is developed as a boutique hotel or a retreat.
The Land: A Natural Paradise:
The 23 hectares of land surrounding the monastery offer a diverse landscape of natural beauty. The private pinewood area provides a secluded and tranquil environment, while the olive groves and mature pine trees create a picturesque backdrop. The land also offers ample space for further development, such as creating gardens, orchards, or vineyards.
Investment Highlights:
* Historical Significance: Owning a piece of Italian history.
* Development Potential: Numerous possibilities for renovation and development.
* Strategic Location: Proximity to Matera, a major tourist destination.
* Expansive Land: Offering privacy, natural beauty, and further development opportunities.
* Versatile Use: Suitable for various purposes, including a private residence, boutique hotel, retreat, or agricultural venture.
This property represents a truly unique investment opportunity, offering a blend of history, natural beauty, and development potential. Contact us today to arrange a viewing and explore the possibilities of transforming this historic monastery into your dream project.
ABOUT THE AREA
Montescaglioso, a charming town in the province of Matera, boasts a rich history dating back centuries. Situated in the heart of the Basilicata region, it offers a glimpse into authentic Italian life, blending historical charm with modern comforts.
The town is renowned for its historical significance, particularly the Abbey of San Michele Arcangelo, a magnificent example of medieval architecture. The abbey, with its impressive cloister and intricate details, stands as a testament to the town’s rich past.
Montescaglioso offers a tranquil escape from the bustling city life, with opportunities to explore the surrounding countryside, savor local cuisine, and experience the warm hospitality of the local community.
The nearest major airport to Montescaglioso is Bari Karol Wojtyła Airport (BRI), located approximately 150 kilometers away.
This information provides a concise and informative overview of Montescaglioso, highlighting its historical significance, cultural charm, and proximity to major transportation hubs.
MAiN FEATURES:
* 400m2 of living space
* 230000 m2 plot – 23 Hectares
* 12 Bedrooms after renovation
* 3 Bathrooms after renovation
* Stunning Views
* Private Parking
* Close to essential amenities such as supermarkets and pharmacies
* Close to many excellent bars and restaurants
* Great base from which to discover other fantastic areas of Italy
* Many excellent sports facilities, walking and cycling areas nearby
* Rental Potential through Airbnb and Booking.com
Contact us today to buy or sell property in Italy fast online
Where you’ll be
Montescaglioso, Matera, Italy
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying property in Italy
Italy is open to most foreign buyers under reciprocity rules (EU/EEA buyers always; non-EU buyers from countries with bilateral agreements, which covers the UK, US, Canada, Australia and most major markets). A codice fiscale is required, and a notaio handles the conveyance as a neutral public official. An independent lawyer or geometra is strongly recommended for due diligence.
- 1
Get a codice fiscale
Italian tax code — apply at any Agenzia delle Entrate office or an Italian consulate abroad. Free and fast.
- 2
Make a proposta d'acquisto
Written purchase proposal with a small deposit (typically €1,000–€5,000). Binding on the buyer for an agreed period; becomes binding on both parties when the seller accepts.
- 3
Due diligence
Geometra or lawyer checks cadastral records, planning compliance (conformità urbanistica), title, and any debts or mortgages attached to the property.
- 4
Sign the compromesso (preliminare)
Preliminary contract with a deposit of 10–20% (caparra confirmatoria). If buyer withdraws they forfeit it; if seller withdraws they pay double.
- 5
Final searches by the notaio
Notaio runs title and mortgage searches at the Conservatoria dei Registri Immobiliari and prepares the final deed.
- 6
Sign the rogito (atto di compravendita)
Final deed signed at the notaio's office (or by power of attorney). Balance paid, taxes paid, keys handed over.
- 7
Registration
Notaio registers the deed with the tax authority and land registry within 30 days.
The prima casa (primary residence) tax rate of 2% requires you to declare residency in the same comune within 18 months of completion — failure means back-taxes plus penalties. The €1 home schemes in southern villages are real but come with strict renovation deadlines (typically 3 years) and security deposits. Non-resident mortgages from Italian banks are available but limited (typically 50–60% LTV).
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
