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Villa bifamiliare in Riace

Riace, Calabria
Bedrooms
0
Baths
0
176
Plot m²
559
Price per m²
€455
Property type
Villa

Si propone in vendita porzione immobiliare indipendente con vista mare, inserita all’interno di un complesso edilizio più ampio. L’immobile viene proposto allo stato grezzo, con la struttura portante già realizzata fino al primo solaio. La vendita comprende una porzione autonoma del complesso, corrispondente alla…

balcony

What it really costs

Condition not stated in the listing
See what needs doing and what each job costs
Why this price is what it is

At €455/m², the €80,000 asking price is already 73% above Calabria's €263/m² baseline, and the unfinished shell likely requires about €900/m² to complete. Estimated effective cost is roughly €1,355/m² (€238,400 total); the sea view is attractive, but the 2010 project also needs an updated or amended building permit.

More on the house and the area
What the photos show

The sea-facing location, generous balconies, and 559 sqm plot offer genuine coastal-home potential. However, the property is only a partially completed concrete frame with no usable living spaces, so it is a major custom-build project rather than a ready Italian home.

Minimum to live in it350500/m²
€62,000 – €88,000

Certified wiring, water and drainage, a heat source, a roof that keeps the water out, one working bathroom. Facade, insulation, a second bathroom and the floors wait.

This house
Comfortable
€106,000 – €158,000

All the services redone, bathrooms, kitchen, windows. The structure is left alone.

Our read of the photos, €900/m², falls in this band.

Full1,2001,500/m²
€211,000 – €264,000

Turnkey, facade and insulation included.

Materials only, work you may do yourself€35,000 – €62,000

Wiring, water and sanitary work of any kind, heating, air conditioning and gas go to a registered firm by law, and so do flues and the air openings for gas appliances. That labour stays in the bill. Yours is the stripping out, plaster, paint, floors, tiling and carpentry.

Labour is 61% of a renovation price on average and 67% at the median, across 191 items of the Emilia-Romagna 2025 public price list. Materials are the rest. An averaged price list, not a quote.

Materials you buy yourself carry 22% VAT; supplied by the firm doing the work they go at the 10% renovation rate. On a €30,000 materials bill that is €3,600 of extra tax.

Household wiring installed before 13 March 1990 counts as compliant if it has a main breaker with overcurrent protection, protection against direct contact and a 30 mA RCD. Having a firm bring the existing wiring up to that and certify it is the cheapest lawful route.

Asking price + this range
€186,000 – €238,000
What worries us about this house
  • This is an unfinished concrete shell, not a livable home: no completed interiors, bathrooms, kitchen, windows, or visible utilities.
  • Completion will require substantial construction, finishes, and likely updated planning or building paperwork.
  • The attractive furnished villa image is illustrative/rendered; the actual property shown is a raw structure.

Estimate from the listing and its photos, not a survey. Treat it as the starting point for your own quotes. An Italian builder's quote is normally written without VAT and without design fees, so add about a quarter to any figure a firm gives you.

The area around

Location score 68/100

The Ionian coast is at Riace Marina, with a long beach on the Gulf of Squillace. The area rises quickly from the shore into the first hills and ravines of the Locride, with olive groves and small valleys behind the coast. The nearest larger town is Locri, which has daily services and a railway station. Gerace is within the local inland area, on a hill above the coastal plain, and is known for its historic centre and cathedral. This stretch of the Ionian side of Calabria is known for beaches, olive cultivation and the archaeological finds associated with the Riace Bronzes, discovered off the nearby coast.

The comune of Riace
People living here
1,787
+1.1% between the 2011 and 2021 census
Over 65
21%
15% are under 14
Flood zone
34%
of residents live in a medium-risk flood area
Landslide zone
2.2%
of residents live in a high-risk landslide area
How far to everything
To the sea
249 m
Property address:Via Nazionale
Get directions

Asking price

80,000
Deal score
28/100
Wow
49/100

Listed 27/08/2026