Record-Breaking €160M Sale Sets New Benchmark for Luxury Properties in Italy

A landmark real estate sale has just taken place, setting a new record for luxury residential properties in Italy, with a final price exceeding €160 million.

This transaction marks the highest-ever value recorded in Sardinia — and in Italy as a whole — establishing a new benchmark in the luxury real estate market.

The property in question, The Safar Estate, is located in the prestigious Romazzino area, in the northeast of Sardinia. Spanning 350 meters of seafront across 2.3 hectares, this extraordinary Mediterranean-style estate features 28 bedrooms, 35 bathrooms, and expansive terraces offering unparalleled sea views.

The property also boasts luxurious outdoor spaces that include private access to two beaches, two private piers, three swimming pools, lush flowering gardens, and fully equipped outdoor spaces covering approximately 23,000 square meters.

These elements ensure the utmost privacy and highlight the natural beauty of Romazzino Bay’s crystal-clear waters and majestic granite rocks.

This exceptional property was once home to Ahmed Zaki Yamani, the former Saudi oil minister and globally influential figure.

Its illustrious past adds to its allure, having first been acquired in the 1970s by Henry Ford II, the grandson of the founder of the iconic automotive brand. The property was later sold to Yamani in 1974, cementing its status as a landmark residence in the region.

Italy Sotheby’s International Realty, which managed the sale, provided comprehensive support to all parties involved and represented the international buyer in this prestigious transaction.

The sale, valued at over €160 million, has set a new standard for luxury real estate in Italy and further cements Costa Smeralda's reputation as one of the world’s most sought-after locations for the global elite.

This sale not only establishes a new benchmark in real estate but also shines an international spotlight on an already highly exclusive and luxurious destination. Costa Smeralda continues to be a beacon for those seeking the ultimate in Mediterranean living, offering privacy, breathtaking views, and an unparalleled lifestyle.

Beyond its architectural grandeur and historical significance, the estate’s location in Romazzino Bay ensures that it is a true Mediterranean masterpiece. The property offers breathtaking views of the turquoise waters of the bay and is meticulously designed to integrate seamlessly with the surrounding landscape. The Mediterranean-style villas, with their expansive living areas, open terraces, and elegant gardens, embody the essence of luxury living, where every detail has been carefully curated to create a harmonious environment.

With its remarkable history, prime location, and unparalleled luxury, this property now stands as the most valuable residential estate in Sardinia and the second most valuable property in the entire region, following the renowned Villa Certosa.

This monumental sale signifies the growing demand for exceptional properties in the Mediterranean and solidifies Costa Smeralda’s position as a premier destination for luxury real estate.