This 17th-century villa on Lake Como is on the auction block

Valued at around $115 million, Villa Passalacqua is one of the most expensive properties in Europe

New York Weekend Edition /
Oct.October 07, 2018 12:00 PM

Villa Passalacqua

A 17th-century Italian villa, one of the most prized properties along the Lake Como waterfront, will be auctioned off at the end of the month.

The auction will be run by Concierge Auctions with a reserve price of $23 million. According to Forbes, the villa was previously been listed for $115 million.

Registered as a national monument by the Italian National Trust, Villa Passalacqua has a long, illustrious history. The 26,501-square-foot neoclassical home was built on land that once belonged to Pope Innocent XI, before it was later expanded and remodeled by Count Andrea Luccini-Passalacqua in 1787.

Since then, the villa has hosted many important historical figures including French emperor Napoleon Bonaparte and British Prime Minister Sir Winston Churchill.

The property has nine bedrooms in the main house and six in a separate villa. In the garden, there are 11 fountains, a 200-year-old greenhouse and a swimming pool. Direct access to Lake Como from the seven acres of green space is completed by 11,000 square feet of catacombs and tunnels that provide a secret route to the stately manor’s private marina.

The current owner is American banker James Cantwell, who used the home as a retreat for the last decade. [Forbes]–Patrick Mulholland


Related Articles

arrow_forward_ios
(iStock)

Mortgage requests surge ahead of Thanksgiving

Mortgage requests surge ahead of Thanksgiving
Vanke US managing director Kai-yan Lee, RFR’s Aby Rosen and 100 East 53rd Street (Photos via Foster + Partners and Getty)

Vanke seeks to remove RFR from Midtown condo project

Vanke seeks to remove RFR from Midtown condo project
Hippo founders Assaf Wand and Eyal Navon (LinkedIn)

Home insurance startup Hippo raises $350M

Home insurance startup Hippo raises $350M
Prices increased 6.6 percent year-over-year in September (iStock)

US home prices surged 6.6% in September

US home prices surged 6.6% in September
From left: Edison Properties CEO Robert Selsam, Ironstate Development's Michael Barry, Stellar Management founder Larry Gluck (LinkedIn; Gluck Family Foundation)

These developers could benefit the most from Soho’s rezoning

These developers could benefit the most from Soho’s rezoning
176 North 6th Street and 16 South Portland Avenue in Brooklyn (StreetEasy; Google Maps)

Brooklyn luxury market surges with nearly $73M in contracts

Brooklyn luxury market surges with nearly $73M in contracts
1045 Madison Avenue and 300 Central Park West (The Benson; Wikipedia Commons)

Manhattan luxury market shows signs of progress with 25 deals

Manhattan luxury market shows signs of progress with 25 deals
TikTok's biggest stars include (from left) Bryce Hall, Griffin Johnson, Addison Rae, Charli D'Amelio and Dixie D’Amelio (Getty)

Firm that manages TikTok party houses goes public

Firm that manages TikTok party houses goes public
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...