The artworks dated back to between the 16th and 20th centuries, and had been taken in 16 separate robberies over the past two decades.
The pieces have "inestimable historic, artistic, and religious value", the Art Squad, as the police unit is known, said in a statement.
Among the most important pieces recovered were five altarpieces from two churches in L'Aquila, which were closed due to damage in a deadly 2009 earthquake from which the city is still recovering.
Nicola Candido, one of the officers involved in the operation, told press "we are particularly proud of the recovery of the altarpieces taken from the earthquake-hit zone".
You can see some of the rescued pieces in the video below.
L'Aquila's mayor thanked the police for the recovery, and said he hoped the artwork would be returned to the city.
Police found the art in villas along the Amalfi Coast, and have charged three people over the thefts.
The Carabinieri's Art Squad, dubbed the "blue helmets", was founded in 1969 to combat art and antiquities crimes, and helps train art police in other countries.
In the aftermath of deadly quakes in the central regions of Italy, the officers raced to rescue and restore damaged artworks from churches and other buildings damaged by the tremors.