Palazzo de Lumi, Rutigliano, Puglia, Italy
- Unconditional Online Auction Sale
- Low Presale Estimate : €750,000
- Bedrooms: 10
- Bathrooms: 10
Fully Restored Palazzo · Dating Back to 1778 · Income Producing · Close to Beaches
· List Price €1,700,000
· Presale Estimate €750,000 to €1,250,000
· Approximately 780 sq m of living space · Panoramic roof terrace · A rare opportunity to acquire an exceptional historic Italian palazzo dating from 1778, beautifully restored to combine authentic architectural heritage with modern luxury.
Located in the heart of Rutigliano's medieval centre, Palazzo de Lumi is one of the town's most prestigious buildings. This remarkable freehold property extends across four floors and is currently arranged as 10 beautifully appointed apartments & studios. The property offers a highly versatile opportunity for continued hospitality use or conversion into an extraordinary private residence.
Meticulously and sustainably restored, Palazzo de Lumi retains many of its original architectural features, including frescoed ceilings, vaulted ceilings, stone detailing and elegant balconies, while incorporating contemporary design and comforts throughout. An internal lift/elevator, a rare addition within a historic palazzo, provides access to all levels.
Key Features
· Palazzo dating to 1778
· Panoramic roof terrace with sea views
· Located in the historic centre with charming shops, restaurants and cafes on the doorstep
· Short distance to the wonderful beaches of Polignano
· 27 km to Bari Airport
· Beautifully and sustainably restored
· Private lift/elevator serving multiple levels
· High frescoed ceilings and original architectural features
· Indoor swimming pool, spa area and sauna
· Potential for a rooftop swimming pool (subject to permissions)
· Possibility as a private residence (proposed floor plan available upon request)
· Approximately 780 sq m (8,396 sq ft) of living space, 35 sq m (377 sq ft) indoor swimming pool with 7.5 sq m (81 sq ft) sauna, and 200 sq m (2,153 sq ft) roof terrace
The Property
The accommodation has been thoughtfully arranged to provide privacy, flexibility and an exceptional guest experience.
The building comprises ten individual apartments and studios, each offering fully equipped kitchens, living areas, and stylish interiors that effortlessly blend traditional Italian character with contemporary design. Original features have been carefully preserved throughout, creating a unique atmosphere that cannot be replicated in modern developments. The apartments are spread over the first and second floors with a second street level access from Apartment 10.
At lower ground level, a dedicated wellness area includes an indoor swimming pool and sauna, creating a private spa environment for residents and guests.
At roof level, a spectacular terrace provides multiple spaces for dining, entertaining and relaxation, with views stretching towards the Adriatic coastline. Subject to the necessary permissions, the terrace also offers the potential for the installation of a rooftop swimming pool, further enhancing an already exceptional property.
Investment Potential
Palazzo de Lumi represents a compelling investment opportunity within one of Italy's strongest performing tourism destinations.
Puglia continues to attract increasing numbers of international visitors seeking authentic luxury experiences, historic accommodation and coastal lifestyle destinations. The property's established hospitality configuration allows for immediate continued operation, while its flexible layout presents numerous alternative strategies. It is currently generating in excess of €120,000 per annum in rental income, with potential to increase occupancy and rates further (full rental figures available on request).
Potential uses include: luxury boutique hotel, serviced apartments, private members' retreat, wellness destination, exclusive-use events venue, multi-generational family residence, landmark private home
The property's scale, character and location make it equally attractive as an income-generating asset or a prestigious private residence.
Location
Nestled within the beautifully preserved medieval centre of Rutigliano, Palazzo de Lumi enjoys an enviable position in one of Puglia's most authentic and characterful towns. Known as the "Città dell'Uva" (City of the Grape), Rutigliano is celebrated for its rich heritage, traditional terracotta craftsmanship and vibrant local culture, with charming cafés, artisan shops, trattorias and historic piazzas all on the doorstep.
Ideally located between Bari and Conversano, and just inland from the Adriatic coast, the property offers easy access to many of Puglia's most sought-after destinations. The spectacular coves and beaches of Polignano a Mare are just 15 minutes away, while Bari International Airport provides excellent connectivity across Europe, together with seasonal direct flights from the United States, making the property readily accessible for international owners and guests.
Distances
· Bari International Airport - 27 km (25 mins)
· Bari City Centre - 24 km (30 mins)
· Conversano - 15 km (20 mins)
· Polignano a Mare - 21 km (15 mins)
· Adriatic beaches and coves - 10 km (15 mins)
· Monopoli - 30 km (30 mins)
· Ostuni - 51 km (55 mins)
A perfect base from which to experience the very best of Puglia's coastline, countryside, gastronomy, and culture, while remaining conveniently connected to major European cities and seasonal direct links to the United States.
By separate negotiation - A complete furniture package for turnkey living and rentals - encompassing bed linen, towels, crockery, glassware, appliances and outdoor furniture as well as cleaning equipment.
By separate negotiation - Rentals website, listings, marketing collateral.
See Legal Documents:
Post Auction: Signing of Purchase Contract by 20 November 2026 and closing by 18 December 2026 with Notary Giovanni Anedda, Rome, Italy.
Buyer Referral Fee:
A Buyer Referral fee of 2% of the sale price is available to any agent should they introduce the winning bidder.
