The most expensive neighbourhoods in Florence: where to find luxury homes in the city

Florence is universally recognised as the city of the Renaissance, as well as being one of the most beloved and admired destinations in the world. Its city centre is uniquely elegant: a short stroll is all it takes to uncover ancient palaces, majestic squares, and the beauty of the Arno. Florence is also an excellent place to live, offering a lifestyle perfectly suited to its residents.

If you are considering moving to Florence and are in search of luxury properties, here’s what you need to know and which are the city’s most expensive neighbourhoods.

The history of Florence

Summarising the history of Florence in just a few lines is no easy task. Founded in 59 BC as Florentia, the city has experienced an extraordinary evolution over the centuries, becoming a pivotal centre for art and culture during the Renaissance. The city's revival began with the establishment of the Commune, one of the most fascinating examples of medieval governance.

Florence began to expand, reaching its economic peak in the 14th century. During the Renaissance, however, governance shifted to a signoria. The Medici family, one of the most powerful and influential dynasties in Italian history, left an indelible mark on the city. Patrons of artists such as Leonardo da Vinci, Michelangelo, and Botticelli, the Medici played a key role in establishing Florence as a cultural epicentre.

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The most famous luxury neighbourhoods in Florence

Today, Florence is renowned not only for its artistic and historical beauty but also for its luxury neighbourhoods, which attract buyers from around the globe. From the city centre to the surrounding hills, you’ll find exclusive areas offering exceptional properties and all necessary amenities.

One of the most iconic neighbourhoods is undoubtedly the historic centre, home to Renaissance palaces and apartments with breathtaking views of the Duomo and the city’s rooftops. Another highly prestigious area is San Niccolò, located on the left bank of the Arno. This neighbourhood boasts historic residences, green spaces, peaceful streets, and is situated at the foot of Viale Michelangelo.

In Florence, many luxury areas are found in peaceful parts of the city, far from the noise of traffic, with views ranging from the hills to the city centre. For instance, Fiesole is among the most sought-after suburbs for living in Florence, as well as being one of the wealthiest municipalities in the region. Within the city, the Marignolle area is equally popular with those seeking hilltop properties.

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What is the cost of living in Florence?

The cost of living in Florence can vary significantly depending on your lifestyle and choice of neighbourhood. However, before relocating, it’s essential to have a general idea of the expenses. If you’re considering living in Florence, you’ll need to account not only for housing costs but also for expenses related to services and leisure activities.

To get an indirect sense of the cost of residing here, you can refer to the average net household income. According to ISTAT data reprocessed by idealista, in 2021, the average net income for a family in Florence was €42,361. Historical data shows a relatively stable trend: €41,681 in 2020, €43,442 in 2019, and €41,067 in 2018.

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The most expensive homes in Florence on idealista

For many reasons, Florence is one of the most sought-after cities for those looking for luxury properties. Naturally, the market reflects this, offering particularly appealing options for those in search of a beautiful home in the Tuscan capital. Among the most intriguing listings:

• A Renaissance villa in Scandicci: Dating back to 1427, this Renaissance residence once housed the famous Mona Lisa, who inspired Leonardo da Vinci's masterpiece. The villa boasts 3,900 m² of space and 27 hectares of land, including a swimming pool, tennis court, and rose garden. The asking price is €25,000,000.
• A prestigious villa in Oltrarno: Formerly owned by the Acciaioli family until the 15th century, this villa is located in Florence’s hillside neighbourhood yet remains just a short walk from the city centre. Priced at €15,000,000, it features olive groves, vineyards, a chapel, a gazebo seating 100, a garden, and a swimming pool. The villa itself spans approximately 2,000 m².
• A penthouse with a view of the Duomo in Santa Croce: Situated in Palazzo Portinari Salviati, this property offers 450 m² of interior space and 71 m² of outdoor area. Spread over two floors, the palazzo—where Beatrice, Dante’s muse, once lived—also includes a communal gym, an exclusive spa, and a Michelin-starred restaurant. The asking price is €12,000,000.
• A villa in Serpiolle: Located in the Tuscan countryside on the hills of Florence, this frescoed residence is priced at €9,900,000. The villa spans three floors and offers 1,300 m² of living space. The one-hectare outdoor area includes a grand Italian garden and an olive grove. Previously frequented by the Medici family, the property features a loggia, underground thermal baths, and a lift.
• A 15th century property in Galluzzo: Also situated in the Florentine hills, this 15th-century residence is listed for €9,500,000. It offers breathtaking views of the historic city centre and consists of multiple buildings, including guest apartments and opulent halls. The estate also features a swimming pool and an extensive park spanning 11,700 m².

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Which celebrities live in Florence?

Florence is also a favourite city for many celebrities and prominent figures. Some choose to spend a few days in the Tuscan capital, while others fall in love with it and decide to make it their permanent home. Among the celebrities currently living in Florence is Italian film director and actor Leonardo Pieraccioni, who was also born in the city.

Expanding the view to Tuscany, many international stars own estates and villas just a few kilometres from Florence. For instance, singer Sting has a property in Figline Valdarno. There are also rumours about other well-known personalities who, understandably, prefer to keep a low profile.

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The price per square metre for sales and rentals in Florence

To better understand Florence’s property market, it is essential to know the average price per square metre for both sales and rentals. Relocating to Florence may require a significant investment, but for many, the cost is more than offset by the quality of life and the city's unparalleled beauty.

While the average rental cost stood at €21.5/m² in December 2024, the average prices per square metre for properties for sale, broken down by neighbourhood, were as follows: