IIRC, This house sits by a picturesque lake Como in the Italian Alps. From what I've seen, a very nice looking place when I drove through going South.
Hmmm this picture looks strikingly similar to a picture that US magazine just ran last week saying it was George Clooney's house in Italy.
Probably one of the most beautiful places I can think of in Europe or even on the earth. Most people have seen this general location - a villa on Lake Como was the scene of Princess Amidala's retreat in Star Wars, Episode II.