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American tycoon buys historical Tuscan estate owned by noble family
By Jeaneane Payne

The prestigious and historical “Villa Bibbiani” in Italy has been sold to an American tycoon. The Tuscan estate has been owned by the noble Frescobaldi family since the 16th century.

villa bibbiani
The prestigious and historical “Villa Bibbiani” in Italy. Image courtesy of Lionard Luxury Real Estate

The new owner, who remains anonymous, purchased the estate for more than $12,340,000 and will invest an additional like amount in improvements and business investments. Villa Bibbiani is located in the countryside around Florence in the town of Capraia e Limite. The estate was sold by Lionard Luxury Real Estate

Villa Bibbiani has 380 hectares of grounds, a spectacular villa with two towers, a farm with houses, cellars and stables, a 20-hectare, 19th-century botanical garden with exotic oriental plants and a romantic 19th-century park.

Villa Bibbiani was named for the first time in 1546 as a “property of the Frescobaldi family”. The family became powerful bankers in Florence at that time, earning the title of treasurers of the English crown. The property remained in the hands of this noble Florentine family until the death of Anastasia Frescobaldi in 1809, when it was inherited by her son, Cosimo Ridolfi (1794-1865). Ridolfi was a very important character in the cultural life of that period. He was also president of the Accademia dei Georgofili in Florence and also developed the botanical garden and the magnificent romantic park in front of the villa, which featured 195 species of camellias.

“If we look at the luxury real estate market of the last few years, we can see that Americans have resumed buying in Italy,” Dimitri Corti, founder of Lionard Luxury Real Estate said. “Not only in Tuscany, which is still one of the most popular areas, but also in other regions, like Piedmont for example; in refined areas like Monferrato, where we have sold the Camino Castle, one of the most famous in this region (”

The new buyer will renovate this estate of great historical and cultural value to make them their homes, thus safeguarding part of Italy’s heritage and identity. They will also invest large sums in businesses, reactivating the economy and creating new jobs. The buyer will also develop a new agricultural business for the production of wine and olive oil.

Published March 1, 2018

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