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.
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.
A quarter-mile driveway runs past a vineyard before reaching the main home, an over 35,000-square-foot Mediterranean-style 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.
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.
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.
The property is listed with Joyce Rey and Stacy Gottula of Coldwell Banker Previews International.
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.