Looking to upgrade your abode? This November, bidding begins on a stunning 15th century Venetian residence through Concierge Auctions, a group that curates a listing of elite properties globally and matches them with qualified buyers. The freshly renovated palazzo, now a contemporary home with Byzantine and Moorish features, will likely sell for upwards of €4.5 million. Ann-Marie Doyle of Venice Sotheby’s International Realty says of the space, “The apartment represents a fantastic short-term rental opportunity, with potential buyers able to make a strong return on investment when not using the apartment themselves,” making the residence an ideal second home.
The modernization of Venetian palazzos is a tricky process due to the technical requirements and heritage legislation. Only 10 percent of historic Venetian properties get upgraded into modern homes, meaning they rarely make it to market. As a result, this 10 percent of upgraded spaces are carefully watched by real estate buyers globally.
This palazzo in particular, the Piano Nobile at the Palazzo Molin, offers six bedrooms, five bathrooms, four outdoor patios and canal views on either side of the apartment. Additionally, the residence features spectacular architectural details—the original 15th century Gothic facade, quatrefoil windows, high ceilings and ample space to display sculpture or hang large-scale artwork. Ready your bidding paddle, the auction begins November 17th.
See more information on the property and auction here.