The most-expensive tag doesn’t translate into a must-buy or the most-sought-after for the well-heeled shoppers in the real estate market. America’s most expensive mansion is facing the same fate as it has failed to attract buyers. The gated estate in Beverly Hills reigned as the most expensive home in the United States at $195 million since last year. Now Palazzo di Amore has lowered the bar by chopping down $46 million. Asking $149 million only, it is still maintaining its most-expensive-home crown. Sold by real estate entrepreneur Jeff Greene, the property was earlier also offered for lease at $475,000 a month. Greene had purchased the property in 2007 for $35 million and spent eight years expanding the Mediterranean-style mansion.Set on 25 acres in Beverly Hills and designed by Gigi Hadid’s father Mohammed, the main residence has more than 35,000 square feet of living space for a total of about 53,000 square feet, including an entertainment complex and a guesthouse. Home to twelve bedrooms and twenty-three bathrooms including a 5,000-square-foot master suite, the mansion also features a floating-style glass-floor walkway over pools.The entrance is lined by 70-year-old olive trees that also leads to the entertainment complex, which can seat up to 250 dinner guests. The 15,000-square-foot complex boasts of a 50-seat theater, a bowling alley and a ballroom with a revolving floor, a DJ booth and a laser-light system.More luxury on the property is seen in form of a 128-foot reflecting pool and fountain, a waterfall, a swimming pool, a spa, a barbecue area and a tennis court.Palazzo di Amore has its own private-label vineyard, Beverly Hills Vineyards, which produces 400 to 500 cases of wine a year. Obviously the property also comes with one wine cellar that can store 3,000 bottles and another that can hold about 10,000 bottles.The property also features a parking for 150 cars, as well as garages for 27.Los Angeles Times
NYC fashion writer blogging about all things lux. Attending New York University, future Fashionista.