Porto Cervo, a seaside resort along Italy’s Costa Smeralda on the island of Sardinia, is exactly what it was intended to be.
The central town and surrounding swath of the Emerald Coast were founded by Prince Karim Aga Khan and investors beginning in the 1960s as an upscale tourist destination. The development became a favorite of the international jet set as a place to play and stay.
“The Costa Smeralda is among the most sought-after destinations globally for buyers looking for a second home, to be used not only for summer holidays but, increasingly, also for longer periods where they can work remotely or spend their retirement,” says Rarex founder Fernando Velez, who specializes in selling real estate in the region. “The area is proving very attractive not only to national buyers but also to international investors, especially from Northern Europe and North America.”
Among the various architects and landscape designers employed to implement the master-planned community’s creation was renowned architect Luigi Vietti. He is also credited with the design of the village center, the Cervo and the Pitrizza hotels, the Dolce Sposa residential complex and private villas including Cerbiatte, the prince’s residence. Architectural guidelines called for rustic Mediterranean designs using irregular shapes, decorative arches, pastel exteriors and natural unfinished wood.
Velez currently has the listing for a home designed in the 1970s by Vietti. Later renovated, the waterfront residence maintains the original façade and is topped by a red tile roof.
The estate’s 1-hectare site, roughly 2.5 acres, borders two sandy bays bisected by a swimming dock. Views take in the coastline, the landmark Stella Maris church and the yacht club.
The property contains the 450-square-meter (nearly 4,900-square-foot) main villa with a central patio, swimming pool and separate 70-square-meter (750-square-foot) guest or staff annex. The interiors use granite, terra cotta, wood and marble. There are a total of five bedrooms and six bathrooms.
As for the location? The marina is a five-minute walk away while the center of town is about 20 minutes by foot or a few minutes by taxi boat, according to Velez.
“Reachable within a few hours’ flight from major European capitals,” he says, “the Costa Smeralda is a favorite destination for HNWIs [high-net-worth individuals] from German-speaking countries, Eastern Europe, the United Kingdom and the United States, looking for their own private oasis of peace with a mild climate all year round and an unspoiled coastline.”
The asking price for the property is available on request. Two berths at the nearby marina are included.
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