The gated estate in Beverly Hills that has topped the price chart of publicly
listed homes for sale nationwide at $195 million since last year has lowered
the bar, and its asking price, to $149 million. Real estate entrepreneur Jeff
Greene, who owns properties in Florida, New York and California, put his
Palazzo di Amore on the for-sale market in November. A few months later, he
also offered it for lease at $475,000 a month. Greene bought the property in
2007 for $35 million and spent eight years expanding the Mediterranean-style
mansion. The main residence has more than 35,000 square feet of living space
for a total of about 53,000 square feet, including an entertainment complex he
added and a detached guesthouse. There are 12 bedrooms and 23 bathrooms. A
floating-style glass-floor walkway over pools and lined by 70-year-old olive
trees leads to the entertainment complex, which can seat up to 250 dinner
guests. The 15,000-square-foot complex also has a 50-seat theater, a bowling
alley and a disco/ballroom with a revolving floor, a DJ booth and a laser-light
system. The estate label, Beverly Hills Vineyards, produces 400 to 500
cases of wine a year. There’s one wine cellar that can store 3,000 bottles and
another that can hold about 10,000 bottles. A 128-foot reflecting pool and
fountain, a waterfall, a swimming pool, a spa, a barbecue area and a tennis
court complete the grounds. Joyce Rey and Stacy Gottula of Coldwell Banker are
the listing agents.
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