America’s most expensive home hit the real estate market this week with a price tag of $195 million, making it the nation’s most expensive private residence on the MLS. Investor Jeff Greene is selling the 25-acre Beverly Hills compound, otherwise known as the “Palazzo di Amore.”
Listing agents for the property are Stacy Gottula and Joyce Rey of Coldwell Banker Previews International.
Taking a new approach, the pair wants to highly market the property. “Nowadays, people think it’s best to keep high-end listings very private,” Gottula said. “But we don’t think pocket listings are in the best interest of the seller. We sold the highest priced listing of 2010… by marketing it like crazy.”
The property definitely speaks for itself with every added touch of luxury.
Greene, a real estate entrepreneur, bought the estate of $35 million from a Saudi businessman in 2007 “through a bankruptcy-type situation,” according to Gottula. The house was a construction site at the time.
“I can honestly say that this property is an incomparable crown jewel without an equal,” said Greene, who owns 3,500 apartments in Los Angeles, more than 30 properties in Florida, and three buildings in downtown Manhattan.
Before investing millions to complete and expand the property, Greene was even married in the home, featuring Mike Tyson as his best man.
“True to its name, Palazzo di Amore, this estate has been a labor of love for me,” Greene said. “In creating a palace for the modern era, I have set the highest standards of craftsmanship and artistry in every detail, from employing a 17-step painting process with antiquing to importing 70-year-old olive trees.”
With a 3,000-bottle wine cellar, guests may need all 23 of Palazzo di Amore’s bathrooms and 12 bedrooms it offers. Luxurious amenities include the bowling alley, theater, pool, turkish-style spa, and more.
“Palazzo di Amore offers the best of everything: a world-class location in the heart of Beverly Hills, a grand residence built with masterful attention to detail, inspiring views that stretch to the ocean on a clear day, and a vineyard from which you can savor your very own wine,” Rey says.
It is rumored that the agents are expecting the buyer to be from outside the U.S. due to the high level of luxury the home offers. “Most of the sales over $50 million in town have had international buyers,” Gottula said. “I have a feeling this one will be international.”
Wanting something more affordable in Southern California? Look just a few hours south of Beverly Hills in Rancho Santa Fe.
It is our pleasure to feature the beautiful Villa Italco. With over six bedrooms, an exercise room, wine cellar, electronically controlled lift and guide doors, custom resort pool and waterfalls, this property has all of the desired amenities and more, including a 27 camera security system.
The property’s garage can house over seven cars. The guest house is complete with a full kitchen and living room, and the property also features a detached secondary guest house.
To see more about this listing please click here for information.