Lusso Collection Acquires $5 Million Tuscan VillaBy Jared Paul Stern • • Category: New & Noteworthy, Real Estate, Travel
The Lusso Collection portfolio of multi-million dollar residences in the world’s most desirable vacation spots has acquired its first European property, a stunning $5 million villa in Tuscany. Located just outside the picturesque city of Cortona, La Ripa is a 500-year-old farmhouse that has been restored to preserve its traditional, rustic Tuscan architecture including wooden beams, stone fireplaces, terra cotta floors and brick archways, enhanced by luxurious modern amenities. The impressive 4,000-sq.-ft. five-bedroom villa is nestled on 27 private landscaped acres with a swimming pool, overlooking rolling hills and picturesque views of oak woods, cypress and olive groves.
The Lusso Collection is comprised of 31 luxury properties in 17 destinations, worth an average of $4 million each, located in sought-after spots such as Cabo San Lucas, Aspen, Miami, Hawaii and the Bahamas. The décor is geared towards the affluent gentleman of taste and refinement. They currently offer two membership options: Lusso Unlimited provides members with unlimited use of its properties in some of the most sought-after vacation destinations for a deposit of $425,000 and annual dues of $28,000. Lusso 21, a new membership offering, provides 21 days of access each year for a deposit of $325,000 and annual dues of $21,000. The company plans to increase its portfolio to 39 luxury homes in 21 destinations by year-end, with London and Paris properties expected next.