Real estate entrepreneur Jeff Greene, has been trying to sell this Mediterranean-style villa for over 3 years now and no takers. This gated estate in Beverly Hills, is back on the market, originally at $195 million, now reduced to the almost bargain price of $129 million! (But if you’d rather to rent to see if it’s really your style, you can lease for $375,000 a month, which would pay the yearly taxes.)
This over-the-top-of-the-top mansion is 2 miles above the Beverly Hills Hotel would make the Clampits look like hillbillies. Actual the house that was the exteriors for The Beverly Hillbillies is now the most expensive house on the market at $350 million. It is actually in Bel-Air, and known as Chartwell, the home of the late Univision billionaire A. Jerrold Perenchio.
Palazzo di Amore sits on 25 acres behind three sets of gates, reached by a quarter-mile-long drive, approached through a vineyard with canyon and city views. The main house has 35,000 square feet of living space with 12 bedrooms and 23 bathrooms. The property also has a 15,000-square-foot entertainment complex –with a disco/ ballroom with a revolving dance floor with a laser-light system– up to 250 guests can be seated for dinner, a DJ booth, a 50-seat screening room, a bowling alley and a game room. Greene spent eight years expanding the villa, which he calls;
“A palace for the modern era.”
The estate can host events for more than 1,000 guests. Other over-the-top amenities include a 128-foot reflecting pool and fountain, a waterfall, a massive swimming pool, a spa, and tennis courts. The garage holds 27 cars, and on-site parking can accommodate up to 150 vehicles. It also comes with its own private label, Beverly Hills Vineyards, which produces 400 to 500 cases a year. One wine cellar can store 3,000 bottles; a second about 10,000 bottles and additional barrels.
Greene bought the property in 2007 for $35 million and put another $25 million into it. If you do the math, that’s still a tidy profit of $70 million. As the cliché goes, it takes money to make money.
Mr. Green is worth $3 billion.
(via LA Times)