4-Bed Villa with Olive Grove Garden Near Lake Trasimeno – Castiglione del Lago Vacation Home



Umbria, Perugia, Castiglione del Lago, Italy, Castiglione del Lago (Italy)
4 Bedrooms · 3 Bathrooms · 291m² Floor area
€355,000
Villa
No parking
4 Bedrooms
3 Bathrooms
291m²
Garden
Pool
Not furnished
Description
Sunday morning at Vaiano moves slowly. The kind of slow you have to travel to find. From the upstairs terrace of this detached villa, you can watch the mist lift off Lake Trasimeno in long, pale ribbons, while somewhere below in the kitchen, coffee is brewing and the scent of wood smoke still lingers from last night's fire. This is what 291 square metres of Umbrian life actually feels like — and why so few people who find it ever want to leave.
Castiglione del Lago sits on a promontory jutting into Lake Trasimeno, the fourth-largest lake in Italy and the largest in central Italy, ringed by low olive-covered hills that turn silver-green in the afternoon light. The medieval town itself — with its walled Palazzo della Corgna and the brooding towers of the Rocca del Leone — is less than five kilometres away. Market day falls on Wednesday, and the stalls along Via Vittorio Emanuele fill with local pecorino, cured meats from the Chiana valley, and the freshwater fish that local restaurants turn into tegamaccio, the region's traditional lake stew cooked with olive oil, white wine, and whatever the morning's catch brought in. It's worth making the drive for that alone.
The property itself sits in the hamlet of Vaiano, set back from the road within a fully fenced private garden of roughly 2,309 square metres — that's just over half an acre of outdoor space planted with twelve mature olive trees. These aren't decorative; they produce. In a good harvest year, you're pressing your own oil. Two stone agricultural outbuildings totalling 51 square metres sit within the garden boundary, with existing planning provisions allowing a volume expansion of up to 15%, which opens interesting possibilities for a guest studio, a garden store with character, or something more creative entirely.
The house was restored in 1992 and has been kept in good condition since. It reads as a proper two-storey structure with an attic floor above — substantial, not fussy. Ground level opens into a living room where a traditional fireplace anchors the space, and on a January evening with Umbrian fog pressing against the French windows, that fireplace earns every square metre it occupies. A stone and terracotta arch separates the living room from the dining room and adjoining kitchenette — the kind of architectural detail that was never installed for aesthetics, it just grew out of how old houses in this part of Italy were built, and it gives the interior a texture that no renovation could fake.
A study, bathroom, pantry, and laundry room complete the ground floor — practical rooms that make year-round living genuinely comfortable rather than aspirational. Upstairs, four bedrooms are arranged around the landing, two with walk-in wardrobes. Three full bathrooms serve the house across both floors. The attic above offers two additional rooms currently used for storage, though with a bit of imagination and the right skylight, either could become a writing room or an artist's studio with views across the garden canopy.
An external staircase leads up to a rooftop terrace — south-facing, sunlit through most of the afternoon — that sits above the olive trees and gives you an unobstructed look across to the lake. On clear days in autumn, when the air sharpens after the first rains, you can see the Tuscan hills on the far bank.
Utilities are entirely sorted: mains water and electricity, LPG heating backed up by the fireplace stove, and a private well that supplements the mains supply. The garden has been assessed as suitable for a swimming pool, which at this price point and plot size is an obvious next chapter for the property — and a meaningful upgrade to any rental or resale calculation.
Speaking of which: the short-term rental market around Lake Trasimeno has grown steadily as Umbria draws visitors looking for an alternative to the more crowded Tuscan circuit. Trasimeno Blues, held each July in Castiglione del Lago, pulls a loyal festival crowd. The Palio dei Terzieri in late May fills the town with medieval pageantry and costumed processions that feel genuinely rooted rather than performed for tourists. In August, the Festa delle Acque lights the lake with floating lanterns. These are the events that fill rental calendars.
The nearest services — grocery, pharmacy, café — are just 400 metres from the front gate. The A1 motorway interchange at Valdichiana is approximately 20 kilometres north, putting Florence under an hour and a half by road. Perugia's Sant'Egidio Airport is around 45 kilometres east, with connections to several European hubs. Rome is two hours south on the E35.
For international buyers, Umbria has long been one of Italy's more straightforward regions to purchase in, with a stable legal framework and a growing number of professionals experienced in guiding foreign nationals through the process. Italy's flat tax regime for new residents — a fixed €100,000 annual tax on all foreign-sourced income — continues to attract buyers relocating from northern Europe and beyond. This is worth a conversation with a qualified Italian tax adviser before you sign, but it's a genuinely attractive structure for many buyers.
Key features at a glance:
- Four-bedroom detached villa in the hamlet of Vaiano, Castiglione del Lago, Umbria
- 291 sqm total property, 240 sqm principal residence across two floors plus attic
- Private fenced garden of approximately 2,309 sqm (over half an acre)
- Twelve productive mature olive trees in the garden
- Two stone agricultural outbuildings totalling 51 sqm, expandable by 15%
- Rooftop sun terrace with views toward Lake Trasimeno
- Traditional stone and terracotta archway between living and dining areas
- Fireplace in the living room plus fireplace stove for heating
- Private well complementing mains water supply
- LPG central heating throughout
- Garden assessed as suitable for swimming pool installation
- Three full bathrooms; two bedrooms with walk-in wardrobes
- Attic with two additional rooms for storage or conversion
- 400 metres to nearest village services; 5km to Castiglione del Lago town centre
- Priced at €355,000 — strong value for plot size and location in the Lake Trasimeno market
This is a rare find: a well-proportioned, move-in-ready villa with serious outdoor space, working olive trees, and expansion potential, all within a short drive of one of central Italy's most underrated lake towns. Whether you're looking for a full-time second home in Umbria, a holiday property with rental income potential, or a long-term investment in Italian real estate, the numbers and the lifestyle make a compelling case here.
Reach out to the team at Homestra to arrange a private viewing or to request the full property documentation. Properties at this size, condition, and price point in the Lake Trasimeno area move. Don't sit on this one.
Details
- Amount of bedrooms
- 4
- Size
- 291m²
- Price per m²
- €1,220
- Garden size
- 2003m²
- Has Garden
- Yes
- Has Parking
- No
- Has Basement
- No
- Condition
- good
- Amount of Bathrooms
- 3
- Has swimming pool
- Yes
- Property type
- Villa
- Energy label
Unknown
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