A restored four-floor townhouse in one of Italy's official "most beautiful villages" has hit the market — but you don't need to buy the whole thing. Dimora Ghibellina, in the hilltop village of Montefiore dell'Aso in southern Le Marche, is being sold in ten co-ownership shares of €120,000 each, with each share buying five weeks of exclusive use of the entire property per year. The developers are keen to stress this is not timeshare: you own a genuine tenth of the building outright.
The house itself is a serious piece of work. Fully renovated over 2024 and 2025 by local artisans, it keeps its old masonry facade and traditional character while packing in modern comforts — underfloor heating, air conditioning, fibre internet, and a renewed roof of chestnut beams and reclaimed handmade cotto tiles. Floors are laid in Italian travertine in the Opus Romano pattern, and the open-plan kitchen and dining space on the top floor has a five-metre-high view up to the beams.
There's 230 square metres of indoor space plus 41 square metres outside, spread over four levels: a vaulted cellar with a wine cellar at street level, a master suite and second bedroom above that, a sunlit living room and third bedroom on the first floor, and the kitchen and dining area at the top. Three double bedrooms, three bathrooms, a private courtyard with BBQ and outdoor dining, and a south-facing roof terrace that looks over the Menocchia Valley — from the Apennines, including the Sibillini range and Gran Sasso, all the way to the Adriatic.
The location is a big part of the pitch. Montefiore dell'Aso is on the "Borghi più belli d'Italia" list, sits about 10 km from the Adriatic coast and 40 km from the Sibillini Mountains, and has bars, restaurants, supermarkets, banks, a post office and medical services within a short stroll of the front door. The street is car-accessible with free public parking nearby, which is not always a given in a medieval hilltown.
The scheme is run by Tesori-Italy, a locally based Dutch-run company whose previous co-ownership project, Casa Garibaldino, sold successfully. Shares cost €120,000 one-time, with running costs split between the ten owners and year-round property management handled by a local team — so the house is supervised, maintained and ready whenever your weeks come round.
For travellers priced out of outright ownership in Tuscany or Umbria, this kind of fractional model makes a fully restored Italian home attainable at a fraction of the cost, with none of the admin of managing a property from abroad. If you've ever fantasised about morning cappuccino on a roof terrace overlooking both mountains and sea, this is one way to make it financially real.
