In Los Angeles, a record-high parcel of land for the city district is for sale, reports Mansion Global. The one-time most-expensive home listed in the U.S. is back on the market with a significantly cheaper asking price. The cost of apartments with 12 bedrooms, as well as guest houses and other buildings, which are located on an area of ​​10 hectares, is 195 million dollars. This price is considered transcendental for the American real estate market, writes The Los Angeles Times.
According to the publication, a significant part of the property occupied by ancient vineyards. The territory is also decorated with small fountains, there is an outdoor swimming pool surrounded by an olive grove. There is also a garage, which is designed for 27 cars, and guest parking can accommodate 150 cars. The owner of all this is billionaire Jeff Green. 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 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.
Palazzo di Amore overlooks the canyon and the skyline of Los Angeles. In the main house there is a library, two wine cellars, a ballroom for 250 people, there is a bowling alley and a cinema. Rare marble and mahogany are used in the interior decoration.