Claino con Osteno, Lombardy, Italy: €260,000

On the shores of Lake Lugano, the hamlet of Osteno sits where the Lirone river cascades into a gorge before reaching the water, its natural beach shaded by ancient trees. A small pier allows boats to dock at the historic center, where the parish church holds a sculpture by Renaissance artist Andrea Bregno.

This two-bedroom apartment occupies part of a 17th-century building on the promenade. It has a kitchen and dining room, a separate living space, a main bedroom with an original fresco uncovered and restored during renovation, and a smaller bedroom.

A private terrace of around 1,500 square feet looks out over the lake, with a bar and restaurant beneath it. The garden behind is shared with the two units above.

A private terrace of around 1,500 square feet looks out over the lake, with a bar and restaurant beneath it. The garden behind is shared with the two units above.

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I haven’t visited this property or done due diligence on it. If you’re interested in the listing, you should hire an attorney and do your own due diligence.