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Price whacked on most expensive U.S. home; Palazzo di Amore now going for $149 million

Price whacked on most expensive U.S. home; Palazzo di Amore now going for 9 million

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Palazzo di Amore has a disco with a revolving dance floor, D.J. booth and laser-light system. Also among the estate’s amenities: A 50-seat screening room and a bowling alley. MARC ANGELES

A 25-acre Mediterranean compound with its own vineyard that set a record for the most expensive home listed in the U.S. just took a $ 46 million price chop.

Real estate developer and owner Jeff Greene put the Beverly Hills estate on the market in November 2014 at $ 195 million. Now he’s “very motivated” to sell, according to a press release that went out this week announcing the new price.

The gated, 12-bedroom, 23-bathroom Palazzo di Amore was eight years in the making. It’s reached by a quarter-mile, tree-lined drive and has a guard station. The two level-home is entered through a floating glass-floor walkway over pools lined by 70-year-old olive trees.


The main residence is over 35,000 square feet, while the whole estate has more than 53,000 square feet of living space. There’s garage parking for 27 cars, though the homesite “can easily accommodate parking for approx. 150 cars,” according to the listing.

On the second level of the main house are two wings, with one boasting a 5,000-square-foot master suite. It includes a Turkish-style spa with a fireplace and floor-to-ceiling iridescent Moroccan tiles.

A 15,000-square-foot entertainment center has a disco/ballroom with a revolving dance floor, D.J. booth and laser-light system, a 50-seat private screening room and a bowling alley.

The vineyard produces 400-500 cases a year of the estate’s private label, Beverly Hills Vineyards. The wine cellar on the home’s main floor holds 3,000 bottles; Another 10,000 bottles are on the lower level. Each floor has a tasting room.

Outdoor space include a lighted tennis court, swimming pool, spa and barbecue area. A 2-acre organic farm is in the works.

The listing agents are Joyce Rey and Stacy Gottula of Coldwell Banker Previews International.

Greene, a Florida resident whose net worth has been estimated at $ 3 billion, bought the home as a fixer-upper out of bankruptcy proceedings from the previous owners in 2007, reportedly paying $ 35 million, Forbes reported. He then spent about $ 50 million building and enhancing it.

The priciest home ever sold in the U.S. is a $ 147 million East Hampton estate that Hedge fund manager Barry Rosenstein, of Jana Partners, bought in 2014, according to Forbes.

The Orange County Register – News Headlines : Real Estate News