Kimi Räikkönen unexpectedly put the luxury property he bought just a couple of years ago up for sale.
Kimi Räikkönen offers his son Robin all the support he can get in racing. Jussi Eskola
Kimi Raikkonen has put his luxury villa in Como, Italy up for sale.
The F1 legend bought the mansion in 2023, and according to local media, he intended to renovate the grounds and buildings of the property.
The family was told also bought an apartment in an apartment building five minutes’ drive from the center of Como so that they could monitor the progress of the renovation.
The 2023 real estate transactions of the Räikkösten, who previously lived in Switzerland, were heavily linked in the media Robin– for the boy’s karting hobby.
However, after only two years, the family is ready to give up the property.
Last year, Robin Räikkönen competed in the WSK Super Master Series competitions, which are held in Italy.
Räikkösen visited the F1 pit during the Italian GP. PDO
The 10-year-old Räikkönen drove the series in question this year in February in Sarno and Lonato and in March in Castrezzato.
Several stars have emerged from the series that have gone down in the history books, such as Michael Schumacher and Ayrton Senna.
In addition, he participated in the Rotax Max Challenge International Trophy series race in France in July.
Young Räikkönen has reaped success in the early stages of his young career. He won the Swiss RMC Karting Mini Max class championship in 2024.
Max Verstappen admiring Robin Räikkönen would like to follow in the Dutchman’s footsteps as an older person.
Räikkönen’s godfather, former Ferrari engineer Gino Rosato has said that the driving style of father and son have many similar features.
Even if the family were to sell this property in Italy, the young petrolhead hardly needs to worry about his competitions next season if he continues to compete in Italy.
Öky property
Already in October 2023, work containers could be seen in the yard of the premises Räikkönen bought. PDO
Räikkönen is selling the villa he bought in northern Italy a couple of years ago I’ll stop with an asking price of 18 million euros. The Vauhti family bought the farm for 15 million at the time, according to the newspaper’s report.
When the Räikköses bought a cozy house in a small farm known especially for its idyllic lake, it was under renovation. Fresh sale notice based on the pictures, the renovation is still in progress.
Gazetta dello Sport previously reported that it would probably not have been possible for the family to move to their new residence immediately after the house sales.
So it was reported that the family also bought a town house in the nearby city of Como.
The county is enough
The manor house that the Räikkönen acquired a couple of years ago is surrounded by four-hectare estates. According to the announcement, the area is fenced off, and only residents can access it.
Kimi Räikkönen’s villa has enough surface area. PDO
A consulting firm focusing on residence permit and tax planning services says on their websitethat for those registered in Switzerland, Como is an excellent destination also because of lower taxation.
According to the consulting firm, for example, with the tactic of two residences in Switzerland, those who primarily keep their books can come under lighter income and wealth taxation in Italy. The savings compared to Switzerland are described as significant.
Iltalehti interviewed an Italian tax expert a year ago, who, however, does not consider Räikkönen’s situation to be as black and white as the consulting agency’s website suggests.
– In order to accurately assess Räikkönen’s situation, you should know what kind of contract he has with his Swiss home canton. The cantons make so-called tax agreements for the super-rich – typically with, for example, F1 drivers.
The idyllic shores of Lake Como attract wealthy residents and tourists. PDO
He did not think that the former formula star would particularly benefit from staying in Italy.
– Except possibly in the case that the whole family moves their books to Como. Those permanently registered in Italy benefit from Italy’s low wealth tax and the fact that real estate tax is not paid for a permanent residence in Italy, an expert source said at the time.
– In Räikkönen’s case, however, what kind of tax agreement he has with Switzerland has an effect. It can be even cheaper than the Italian wealth tax.
And the wealth of the 2007 world champion is enough. The financial publication Forbes estimated in 2019 that the Finn had achieved salary and bonuses of up to 300 million euros.
After Forbes’ estimate, Räikkönen’s career continued for another two years, so the number is likely to be even higher.
In addition, Räikkönen’s assets have increased along the way through investments and advertising income.
Cool environment
Räikkönen’s villa photographed from a bird’s eye view. PDO
Como is located relatively close to the Swiss border. The journey from Como to Baar, where Räikkösten’s Swiss home is located, is a good 200 kilometers.
From luxury Como, where numerous other world stars go on holiday, it is not a long journey to the Italian metropolis Milan. The trip takes less than an hour.
Previously, Räikkönen has lived in Switzerland for more than twenty years. The family enjoyed themselves in the Swiss home in the village of Baari even after the Italian real estate deals.
Räikkönen said in an interview he gave to Speedweek about six years ago that he had planned for his children to go to school in Switzerland.
– Switzerland is more my home than Finland. We are well taken care of there, “Ice Man” announced at the time.