Candy-colored walls, jewel-toned sofas, and pineapple prints team up for a playful modern take on a Lake Como villa. Built at the turn of the last century, the home rises 4 stories out of cypress-filled gardens near the shore, its stucco walls and shuttered windows exuding traditional refinement—until you step inside. It’s less than 3 kilometers to the lakeside promenade in Lenno.