Gorgeous properties for sale on Italian lakes Villa Pauli, Menaggio, Lake Como, is a whopper with a colonnaded entrance, grand salon, swagged curtains, polished floors. Umpteen bedrooms, gatehouse, guesthouse, gym, pool with glass walls which roll down into the rock, summer kitchen with pizza oven. "This was on at €8m (£6.8m) but is now at €5m, which makes it a wonderful buy," says Paul Belcher at Ultissimo (020 3178 4975).