Lake-front 15th-century complex with scenic palace and country borgo, with a total of 25 apartments, and a designer pool for sale in Panicale. Set in an area of remarkable natural beauty on the shores of Lake Trasimeno, this distinguished estate is a rare example of historical architecture, featuring the only Renaissance palazzo directly overlooking the lake, originally commissioned by Pope Gregory XIII, included in the famed Galleria delle Carte Geografiche at the Vatican. The palazzo still bears the noble coat of arms of the family who resided here for centuries. Surrounded by ancient olive groves, the estate comprises over 3,000 square meters of marvellous living areas nestled within 4.4 hectares of land, half of which enjoys direct frontage onto the lake and connects seamlessly with the renowned Trasimeno cycle path. At the heart of the estate lies a majestic 15th-century palazzo, formerly owned by the historic Baglioni family, extending over four floors and approximately 2,100 sq m. The interiors feature original frescoes, vaulted ceilings, and timeless architectural details. A portion of the building — around 800 sq m — is ready for completion, with an approved project for a luxury spa and elegant guest suites. The grand halls on the ground floor, with their vaulted ceilings and generous volumes, can accommodate up to 300 seated guests, suited for hosting exclusive events. Surrounding the main palazzo is a restored rustic hamlet, consisting of four buildings totalling approx. 1,050 sqm, thoughtfully converted into 22 holiday apartments, offering 29 bedrooms and accommodation for up to 70 guests. This configuration provides an already established, high-end hospitality business with substantial potential for further development. The design swimming pool is a standout feature, created by the set designer of the Festival dei Due Mondi in Spoleto. Built into the rock, it boasts an infinity edge, waterfall, hydromassage area, and a cave bar, all framed by dramatic natural surroundings and lake views. The estate’s grounds include manicured gardens, ancient olive groves, ample parking, and an approved project for additional sports facilities, including a multi-purpose court, outdoor fitness trail, and bocce court. The catering and restaurant area is designed to accommodate both indoor and outdoor service. It includes two professional kitchens: one internal, equipped with walk-in refrigeration and service rooms, and one external with a wood-fired oven and wine bar, ideal for lakeside banquets and al fresco entertaining. Located within the municipality of Panicale, listed among the “Most Beautiful Villages in Italy”, and boasting an exclusive position with direct lake frontage, this remarkable estate offers a unique investment opportunity, an extraordinary canvas on which to create a world-class destination in the true heart of Central Italy.PROPERTY Ref.: PAN3155Location: Panicale, Province of Perugia, Region: Umbria – Lake TrasimenoType: on a private park of 4.4 hectares/10.87 acres, lake-view estete featuring a 2,100 square meters/22,604 sq ft Renaissance building on four levels, a scenographic stone swimming pool with waterfall, a 22 holiday flats within a tourist-accommodation complex with 4 buildings for a total of 1,050 square meters/11,302 sq ft and 30 bedroomsAnnexes: 4 renovated buildings (1,050 square meters/11,302 sq ft), organized into 22 apartments: 7 three-room apartments, 13 two-room apartments, 2 studios (70 beds), outdoor kitchen, storage roomYear of construction: 1400Year of restoration: started in the1990s, ongoingConditions: goodLand/garden: 4.4 hectares/10 acres (half lakefront), fenced garden, parking, project for sporfParking: outdoor parking facilityUtilities: Fixed telephone network: availableInternet: availableHeating: 3 LPG 3.000-liter tanksWater: 3 wells + 1 cisternElectricity: available; Water waste: Imhoff tankDistance from services: 500 mtDistance from main airports: Perugia 37 kmLayout:1. Renaissance palace: Basement: kitchen, washing room, changing rooms and bathrooms dedicated to staffGround Floor: reception hall, bar, restaurant rooms First Floor: foyer, 2 one-bedroom apartments, 1 one-bedroom apartment plus a portion of the floor to be renovated/convertedSecond Floor: 800 sqm/8,611 sq ft sq ft gross to be completed (project for SPA or apartments)2. "Alzata" Building: Ground Floor: 2 one-bedroom apartments; First Floor: 1 studio flat with terrace and pine forest view + 1 attic studio flat3. "Bellavista" Building: Ground Floor: 2 one-bedroom apartments + 2 one-bedroom apartments overlooking a panoramic porch4. "Canova" building, near the entrance: 1 one-bedroom apartment with well; Ground floor: 2 one-bedroom apartments with porch and garden; First Floor: 2 one-bedroom apartments with loggia, terrace and lake view5. "Dimora" Building: Ground Floor: 2 one-bedroom apartments; First Floor: 2 one-bedroom apartments (one with terrace overlooking the lake); Second Floor: 1 one-bedroom apartment with lake view