Panicale, Perugia, Umbria, Italy

Located in the heart of the medieval village of Panicale, this lake-view home spans three levels of an ancient building-dating back to medieval times-situated along the historic center's walls; the building's communal areas (roof and façade) have recently undergone renovation. The main entrance opens into a small hallway connecting the ground floor-where i the main living area is located-to the levels below. The apartment features vaulted ceilings and exposed wooden beams with terracotta tiles; it comprises a spacious living room with a fireplace, two double bedrooms (one with a charming lake-view balcony), a kitchenette, and a bathroom. From the hallway, a staircase leads down to a kitchen, a corridor, a bedroom, and a room that was once a cobbler's shop (which also has direct access from the outside). Continuing down a traditional wooden staircase from this level, one reaches a large, atmospheric cellar and an ancient grotto carved directly into the bedrock; this level also provides access to a private garden of approximately 30 square meters. These spaces are characterized by vaults, arches, arrow slits, and antique millstones. Due to the village's layout, each floor has its own independent entrance from the outside. The property requires renovation and is suitable for use either as a primary residence or as a hospitality business.