VIA FRANCESCO MORMINO PENNA, 97018 SCICLI RG, ITALY

Palace for Sale in Via Francesco Mormino Penna, 97018 Scicli RG, Italy USD 4,800,000

Bedrooms10
Bathrooms10
Area, m²1199
Agency id4332
Local PriceProperty's asking price in EUR
Price usd5662440
AvailabilityInmediately

In the heart of Scicli's historic center, nestled between the Church of San Giovanni Evangelista and the Church of San Michele, a prestigious historic palazzo, a noble residence dating back to the late 19th century. Located in one of the most captivating and iconic areas of the city, this property has been part of the UNESCO heritage since 2002, thanks to its remarkable Sicilian Baroque architecture. The building spans three floors, featuring on the ground floor a majestic entrance with a stunning stone vault and an elegant staircase adorned with Caltagirone ceramics. This staircase leads to the noble floor, where an elegant apartment awaits, including a spacious living room with a mezzanine area, offering close-up views of the beautifully frescoed ceiling. Adjacent to the living room is a charming dining room, a spacious, fully-equipped kitchen, an office area, and a first bathroom. The night area includes two large double bedrooms, one with an en-suite bathroom, while an additional bathroom between the two rooms can easily be converted to an en-suite for the adjacent bedroom. On the second floor, seven finely renovated suites preserve the palazzo's original spaces, enriched by meticulous and respectful restoration. The renovation has emphasized the use of traditional Sicilian materials, creating bright, spacious, and comfortable environments that elegantly combine historic charm with modern living needs. The suites enjoy breathtaking panoramic views of one of Scicli's main streets. This is a unique opportunity to immerse oneself in the charm and history of one of Sicily's most enchanting locations. The property is approximately 6 km from the sea, 50 km from Comiso "Pio La Torre" Airport, and 132 km from Catania "Fontanarossa" Airport.

Balata is a hamlet in Scicli, Sicily.

INVESTMENT SNAPSHOT

PRICE / M²

$4,003

Verdict: partial

Test this investment Italy financing profile ✎ Edit

The seller has not shared rental figures. For a home like this one, long-term rents around here work out to roughly USD 24,940 / month (about USD 20.8 / m²; based on Scicli) — enter your own expected rent to see the numbers.

Enter a monthly rent above to see cash flow, yield and return.

Cash flow / month

Incl. equity build: /mo

Down payment

Mortgage / mo

Equity build / mo

Cap rate

Cash-on-cash

Gross yield

Estimates only — not financial advice. Prefilled with typical italy financing profile figures — adjust to your own scenario.

Price context

This listing: $4,003/m² — 59% above the median of $2,510/m² across our 27 listings in this area.

$0$46,970

Reading a price above the area level: a premium per m² is typically carried by location and quality factors — waterfront or views, walkable transport, plot size, recent renovation, and scarcity of the property type. Worth verifying on viewing: condition and renovation year, outdoor space, and how the view compares to similarly priced alternatives.

No map data found nearby for: public transport, water proximity, schools, daily amenities, parks & recreation — worth asking the agent about these.

Positioning within our own current listings in the same area — asking prices per m², not an appraisal or market valuation. Size mix, condition, and plot differ between properties.

Investment factors

What to look for when judging a property's investment potential:

  • ◦Public transport
    Walkable rail or bus access consistently supports resale value and rentability.
  • ◦Water proximity
    Lake, river, or sea frontage and water views command lasting price premiums in most markets.
  • ◦Schools
    Nearby schools widen the tenant and buyer pool to families and stabilise long-term demand.
  • ◦Daily amenities
    Groceries within walking distance is a top liveability filter for both tenants and buyers.
  • ◦Parks & recreation
    Green space nearby improves quality of life and supports value in dense areas.

Reset password

Enter your email address and we will send you a link to change your password.

Create an Account

I agree to the Terms of Use and Privacy Policy

Create an Account

Sign up with Google Sign up with email