This Palatial Beverly Hills Estate Is Back on the Market After a $66 Million Price Cut
The one-time most-expensive home listed in the U.S. is back on the market with a significantly cheaper asking price.
That doesn't mean it's cheap. The 35,000-square-foot estate in Beverly Hills built by billionaire developer Jeffrey Greene is now being marketed for $129 million, down from an asking price of $195 million in 2014.
Known as the Palazzo di Amore after Greene and his wife were married there, the property has 12 bedrooms and 23 bathrooms, and it features amenities such as:
- A vineyard
- A Turkish spa
- A waterfall
- 10,000 wine bottles and barrels
- State-of-the-art DJ booth with revolving dance floor and laser-light system
- A 50-seat movie theater
- Parking for 150 cars
- A bar with a giant sculpture of a $1 bill hanging over it
Stacy Gottula, the listing agent for the property, told Money it is naturally being marketed toward ultra high-net-worth individuals. But developers who could put their own stamp on it might also be interested.
She also said several properties have recently sold for $90 million to $100 million in the region, making this an opportune time to re-list the property.
The estate can also be leased for a mere $375,000 per month, down from the previous rental rate of $475,000 a month.
THE GRAND CHEF'S KITCHEN
THE WINE CELLAR
THE TENNIS COURTS
THE GLASS WALKWAY
TWIN CURVING STAIRCASES