THE MOST EXPENSIVE HOME IN AMERICA: Billionaire real estate mogul Jeff Greene lists Beverly Hills compound for staggering $195M

NEW YORK DAILY NEWS

By Katherine Clarke; Friday, November 7, 2014

America's most expensive home has hit the market for a staggering $195 million.
The massive 25-acre Beverly Hills compound, known as the Palazzo di Amore or Palace of Love, has its own vineyard, a bowling alley, a 50-seat movie theater, a discothèque with a rotating dance floor, a supersize reflecting pool and even a spa.
Billionaire real estate mogul and Mike Tyson bestie Jeff Greene spent nearly eight years developing the estate as an investment property and married his wife Mei Sze Greene there in 2007 with the former boxer as his best man.

He bought the site of the home in 2007 from Saudi business magnate Mishaal Adham, who almost lost it to foreclosure midway through construction. The property has a total 53,000 square feet of interior space, including 12 bedrooms and a whopping 23 bathrooms. The vineyard even has its own private wine label and churns out up to 500 bottles a year.

Listing brokers Joyce Rey and Stacy Gottula of Coldwell called the home “one of a kind.”
“We think the buyer is likely to be international,” Rey told the Daily News. “A compound like this is ideally suited to someone with an entourage.”

Unlimited Style Real Estate Photography/Marc Angeles

Unlimited Style Real Estate Photography/Marc Angeles

Unlimited Style Real Estate Photography/Marc Angeles

 

Greene said he spent around $25 million completing the construction and is selling to capitalize on the strength of the international market for uber-luxury properties.
The rerord for the most expensive home sale in the U.S. was set earlier this year by the sale of an 18-acre beachfront property on Further Ln. in the Hamptons. That home was purchased by hedge fund honcho Barry Rosenstein for $147 million.
“True to its name, Palazzo di Amore, this estate has been a labor of love for me,” Greene said of the home, the listing for which was first reported by the Wall Street Journal. “I can honestly say that this property is an incomparable crown jewel without an equal.”