The Residence at Cape Idokopas also known as the "Palace on the Idokopas Cape", often called in the media "Putin's Palace", "Dacha Putin", "Putin’s country cottage", etc., is a large Italianate palace complex located on the Black Sea coast near the village of Praskoveevka in Gelendzhik, Krasnodar Krai, Russia. While officially dismissed in 2010 by Vladimir Putin's spokesman Dmitry Peskov, it has been claimed that the dacha was built for the personal use of President Putin, and that its construction began during his first Presidency. Detailed claims about the project, which allegedly made improper use of state resources, were made by Sergei Kolesnikov, a businessman with ties to Putin dating from his time in Saint Petersburg prior to entering Kremlin politics.
Source: Wikipedia