Wall-to-wall frescoes, baroque gardens and a butterfly house: The Italian villa that inspired Pinocchio goes on sale for £150MILLION

By Emily Payne for MailOnline

Published: 02:00 EDT, 26 July 2014 | Updated: 02:00 EDT, 26 July 2014

The beautiful villa where Pinocchio author Carlo Lorenzini spent his childhood is on the market.

Those interested in delving into the inspiration behind the world's most famous marionette, can buy the property for a mere £150million.

Five-storey Villa Garzoni in Collodi, 65km from Florence, well known as 'Pinocchio’s villa', was built in 1600, boasts 40 bedrooms and measures 3,032 square metres.

Inside, the main rooms are decorated with frescoes by renowned Italian artists, including Angelo Michele Colonna.

The partially restored property is elevated above one the most spectacular Italian baroque gardens in the whole of the country.

Lionard Luxury Real Estate, which is behind the sale, compare Villa Garzoni’s elaborate gardens, first imagined by the architect Diodati to those, at Versailles and Fontainbleau in France and Schonbrunn in Vienna, Austria.

Created around 1650 for the Roman marquees Garzoni and completed more than 170 years, the garden, which is dotted with waterfalls and fountains is open to the public and features a Butterfly House, home to hundreds of tropical butterflies.

The whole estate is shrouded in history, and attracts thousands of visitors each year, which is why Lionard is targeting a foreign market that 'understands the potential and invests in improving and increasing the touristic demand linked to the fable of Pinocchio'.

Looking to buy? The 5500 square metre estate, known as Villa Pinocchio, is on the market for around £150million

Quite roomy: The 3,032 square metre property consists of five floors and 40 bedrooms, not to mention sprawling gardens and butterflies

The partially restored property boasts one of the most spectacular Italian baroque gardens in the whole of the country

Ornate: Inside, the main rooms are decorated with frescoes by top Italian artists, including Angelo Michele Colonna

The property features beautiful tiered Baroque gardens which were first imagined by the architect Diodati

An insight into the past: Villa Garzoni was built in the mid-1600s and has 40 spacious bedrooms

The mansion is located in Collodi, a medieval town dating to the 12th Century and is typical of the villas of the Lucca province

Magnificent: The elaborate gardens were created in 1650 and were tended to by author Carlo Collodi¿s family members

The estate attracts thousands of visitors each year, which is why its sellers are targeting a foreign market

Ancient relics: The partially restored palace is just 65km Florence and is shrouded in history and fable