Surprising news in the real estate front, Prince Alwaleed bin Talal has put his Turin, Italy castle back on the market. Looks like the Saudi prince had some buyers remorse, because just months after purchasing Castel of Castagneto Po, it is back on the market for an asking price of 19,000,0000 euros, that comes out to approximately $28,396,070.
The castle located on picturesque slopes of Turin Hills, and once the childhood home of the French first lady Carla Bruni-Sarkozy, has had important renovations done by the Bruni Tedeschi family back in the 1950s. The property, considered one of the most refined in Europe, had served as the venue for exhibitions and event of special artistic interest. Surround by an English-style park and age-old trees of more than 70 hectares.
Although the home dates back to the 11th century, over the last few centuries the property has been remodeled, rebuilt, and restored several times. Yet, aside from all the change the castle maintains its regality with approximately 21,528 square feet and resting on 173 acres of lush Italian land. Complete with orchards, flowering terraces, vegetable gardens, ancient greenhouses, a caretaker’s cottage, and a type of farm building, the castle offers the best of an Italian countryside.
Mr. Bruni Tedeschi- opera composer and industrialist- had originally purchased the home for $1.5 million in 1952. The Bruni Tedeschi family left the mansion in the early1970s due to the reprisals and attacks by Marxist guerrilla groups. Fearing an attack the family set off to Paris and never came back. In early 2009 the property was put on the market by Ms. Bruni-Sarkozy’s mother Marisa Bruni Tedeschi, who reported, “Nobody went there anymore.” According to previous reports Prince Al-Waleed bin Talal bin Abdul Aziz al Saud, spent a total of $25,000,000 to take the digs out of the Tedeschi hands.
Perhaps a hasty move on the Prince’s part, only months after the purchase the flip has caused a major stir in the real estate community. Reportedly, the prince never moved in so much as a fork into the mansion. Let’s hope the next owner actually gets to enjoy it.