Wolfgang Porsche lists historic Salzburg villa for $13.8 million

Wolfgang Porsche, the billionaire manager, is selling the historic Stefan Zweig Villa, also known as the Paschinger Schlössl, in Salzburg for 12.7 million euros. The property, located on Salzburg's city mountain, has recently undergone extensive renovations.

Porsche acquired the villa in 2020 for 8.4 million euros. The two-year renovation project aimed to restore the property, which is now listed for sale on the French real estate platform Le Figaro Properties. The sale includes plans for a private underground access tunnel connecting the villa to a separate property, the Schlössl, situated on Kapuzinerberg.

Last year, the city of Salzburg controversially approved Porsche's request to build this underground parking garage and private access tunnel on municipal land. The decision followed intense discussions, highlighting the complex negotiations often involved in such development projects, especially concerning historical properties and public land use.

The sale of the Stefan Zweig Villa comes after the completion of its significant refurbishment. The asking price reflects both the property's historical value and the substantial investment made in its restoration, as well as the unique infrastructure project associated with it.