Properties / Luxury Homes

Most expensive home in the US lists for $195 million

Palazzo di Amore, the 25-acre Beverly Hills estate of Jeff Greene, will list for $195 million, making it one of the most expensive listings in the U.S.

Nov 11, 2014 | By Anakin

Palazzo di Amore

The Palazzo di Amore, the nearly eight-year project of real-estate investor Jeff Greene, has listed for $195 million, making it one of the most expensive residential listings in the country.

In Beverly Hills, the 25-acre compound includes about 53,000 square feet of living space, 12 bedrooms and 23 bathrooms across several buildings.

Palazzo di Amore compound

A quarter-mile driveway runs past a vineyard before reaching the main home, an over 35,000-square-foot Mediterranean-style villa.

Palazzo di Amore villa

A separate, roughly 15,000-square-foot entertainment center has a bowling alley, a theater that seats 50 and a dressing room, and a discothèque with a rotating dance floor. Other amenities include a Turkish-style spa and a 128-foot-long reflecting pool.

Palazzo di Amore dining area

Mr. Greene, who made a fortune betting against subprime mortgages, bought the estate out of receivership for $35 million in 2007 from Saudi businessman Mishaal K. Adham, while it was under construction.

Mr. Greene said he bought the estate as an investment property, though he and his wife, Mei Sze Greene, were married there in 2007.

Palazzo di Amore discotheque

Mr. Greene said he always intended to sell the property, but construction wasn’t completed “until literally a month ago.” He estimated he spent $25 million to complete the home, which was a shell when he bought it.

Palazzo di Amore home theater

The property is listed with Joyce Rey and Stacy Gottula of Coldwell Banker Previews International.

Palazzo di Amore swimming pool

Earlier this year, another mega-mansion in California was put on the market for $150 million.

Previously owned by Aaron Spelling, the Los Angeles-based home is expected to attract bids from international investors, including Asian buyers.

Palazzo di Amore wine storage areas

Source: PropGOluxury Via WSJ

Palazzo di Amore glass walkaway


 
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