I know I posted the “Most Expensive House in America” a few weeks ago, saying it was $500 million but it is yet unbuilt. So, this gated 25-acre estate in Beverly Hills, on the market right now at $195 million, makes it “the most expensive home to be publicly listed for sale in the U.S.”, if we’re being technical. Real estate entrepreneur Jeff Greene, is the one selling the Mediterranean-style villa, called Palazzo di Amore. It sits behind three sets of gates, reached by a quarter-mile-long drive, the mansion is approached through a vineyard and has canyon and city views. The main house has 35,000 square feet of living space with 12 bedrooms and 23 bathrooms. The property also has a 15,000-square-foot entertainment complex –with a disco/ ballroom with a revolving dance floor with a laser-light system– up to 250 guests can be seated for dinner, a DJ booth, a 50-seat screening room, a bowling alley and a game room. Greene spent eight years expanding the villa, which he calls;
“a palace for the modern era.”
The estate can host events for more than 1,000 guests. Other over-the-top amenities include a 128-foot reflecting pool and fountain, a waterfall, a massive swimming pool, a spa, and tennis courts. The garage holds 27 cars, and on-site parking can accommodate up to 150 vehicles. It also comes with its own private label, Beverly Hills Vineyards, which produces 400 to 500 cases a year. One wine cellar can store 3,000 bottles; a second about 10,000 bottles and additional barrels. Greene, 59, bought the property in 2007 for $35 million and put a reported $25 million into it. If you do the math, that’s a tidy profit of $135 million. As the cliché goes, it takes money to make money. Mr. Green is worth $3 billion.
(via LA Times)
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