Historic Monastery with 23 Hectares of Land in Montescaglioso
€650,000€1,625/m²
Montescaglioso, Matera, Italy
12
bedrooms
3
bathrooms
400 m²
interior
230,000 m²
plot
House
property type
7 Jul 2026
listed
The Habio take
AI summaryThis expansive 23-hectare estate features an 18th-century monastery ripe for renovation in Montescaglioso, Italy. Just 15km from Matera, a UNESCO World Heritage Site, it offers a blend of history and development potential.
- countryside
- investment
- historic
- retreat
- luxury
Highlights
- 18th-century monastery
- Expansive 23-hectare estate
- Potential for boutique hotel
- Proximity to UNESCO-listed Matera
- Scenic landscapes with olive groves
- Flexible development opportunities
Worth knowing
- Substantial renovation needed
- Limited immediate amenities in Montescaglioso
Good fit for: Ideal for buyers seeking a historic property with substantial development potential.
Lifestyle scores
- Beach
- 0
- Walkable
- 50
- Remote work
- 55
- Family
- 60
- Retirement
- 70
- Airport access
- 70
- Investment
- 75
- Luxury
- 65
- Value
- 80
About this place
Discover an exceptional investment opportunity with this historic 18th-century monastery set on a vast estate spanning 23 hectares in Montescaglioso, Italy. This unique property offers immense potential for renovation and development, presenting options for a boutique hotel, private residence, or wellness retreat.
The monastery itself encompasses approximately 350 square meters over three floors. The ground floor comprises a large room, three smaller storage areas, and a cellar, ideal for conversion into a reception area or additional living spaces. The first and second floors include spacious living areas, self-contained apartments with kitchens, and two bedrooms each, providing an excellent starting point for any renovation project.
The surrounding land offers diverse landscapes, featuring private pine forests, olive groves, and ample space for creating outdoor amenities like swimming pools and gardens. Its strategic location, just 15km from Matera, adds significant value, making it perfect for a potential boutique hotel or agritourism venture, capitalising on the area’s historical significance and natural beauty.
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.
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).
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.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
