The Palazzetto, a luxurious compound inside the Palazzo Albertoni Spinola World Heritage site in Rome, which was designed by Renaissance sculptor and architect Giacomo Della Porta in the 16th century, is selling via auction with a minimum bidding price of €35.3 million (about US$43.3 million).
The auction will commence on April 26 if the current owner hasn’t accepted an offer prior to April 20. That’s also the deadline for interested buyers to register and review relevant documents, according to a rep for Rick Hilton of Hilton & Hyland, who’s exclusively handling the sale of the property.
Mr. Hilton wasn’t immediately available for comment.
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Located in Rome’s central 10th district, the mansion is comprised of three independent suites, a roofdeck with 360-degree views of main monuments including the Altar of the Fatherland, the Dome of St. Peter and the Mouth of Truth, a secret garden with orange trees, and spaces and amenities shared by the three suites, according to the property’s website.
The three-level Garden Suite consists of 3,789 square feet of living space on the first floor of the Palazzetto. It has entrances from the monumental staircase and a separate entrance from Capizucchi Alley, a 1,912-square-foot garden connecting to the living rooms, dining room and the kitchen. There are three living rooms, three bedrooms and three bathrooms, featuring walnut wood ceilings and a pinewood-covered fireplace.
The 3,506-square-foot Ambassador Suite and the 1,719-square-foot Executive Suite occupy the second and the mezzanine floors. These two suites feature separate entrances and living spaces with Venetian-style terrazzo flooring and frescoes-decorated ceilings, but connected by common wellness amenities and large terraces.
Palazzo Albertoni Spinola is a UNESCO World Heritage site and officially protected by the Italian government.
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The current owner, identified by Forbes, which first reported the auction, is Filippo Cingolani, who couldn’t be reached for comment.
"What attracted me the most is the fascinating history behind the construction of the palace," Mr. Cingolani told Forbes. The original owners "wanted to keep the original entrance which looked out to the house of their cousin who was considered a saint, having been blessed by the pope. Then, that house was removed and they built a church, but still kept the perspective and the visual effect," he said.