Only two months after a Florida mansion set the record for the most expensive public listing, a private compound with its own vineyard has taken the crown.
The estate, called Palazzo di Amore, was listed on Thursday for $195 million by Coldwell Banker Previews International. Located on 25 acres in the heart of Beverly Hills, California, the mansion—currently owned by real estate magnate Jeff Greene—overlooks LA. It also surpasses the previous record for a public listing, which was held by Le Palais Royal in Hillsboro Beach, Florida, for $139 million.
Interested? Here's what you get for your $195 million:
- More than 53,000 square feet of livable space, with 12 bedrooms and 23 bathrooms;
- A 15,000-square-foot entertainment center with a disco-ballroom, revolving turntable-style dance floor, DJ booth and laser-light system;
- A 50-seat private screening room, bowling alley and game room;
- A 13,000-bottle wine cellar and garage parking for 27 cars.
Guests enter through a marbled two-story, sky-lit entryway with twin curving staircases. Outside, the grounds feature a waterfall that's set into the hillside. The outdoor entertaining areas include a 128-foot reflecting pool and fountain, and the recreational facilities include a swimming pool, spa, an outdoor barbecue area and tennis court.
The 5,000-square-foot master bedroom features a fireplace with a hand-carved wooden mantel, and a sitting area with Juliet balconies. The master bath includes a traditional "hammam," a Turkish-style spa with a fireplace and floor-to-ceiling iridescent Moroccan tiles.
Brokers say the most likely buyer will be from overseas, given the strong interest in Los Angeles recently by the foreign wealthy.
"We are seeing a strong trend of international buyers for the ultra-high-end luxury estates in Los Angeles right now," said Joyce Rey, who has the listing for Palazzo di Amore along with Stacy Gottula. "I expect that the buyer will be international."
She added that the estate's private, compound-like design will appeal to the overseas super rich, who have large personal staffs.
"The buyer will have a large entourage," she said.