Jeff Greene chops $66M off price of Beverly Hills mega-mansion

Miami /
Mar.March 17, 2017 01:30 PM

From the Los Angeles website: If at first you don’t succeed, slash $66 million off your asking price.

Billionaire Jeff Greene has relisted his famed Palazzo di Amore estate in Beverly Hills for $129 million — a steal if you consider his original ask was $195 million in 2014.

More recently, the Beverly Hills estate was on the rental market for $375,000 a month, Forbes reported.

The Mohamed Hadid-developed compound spans 35,000 square feet and features a two-story marble entry, a breakfast room, a game room, an office, a 200-guest dining room, a 3,000-bottle wine tasting room, a “Moroccan room,” a Hammam, a vineyard and a “VIP” bedroom suite with silk upholstered walls. The fireplace mantels were hand-carved by a Peruvian woodcarver, who was on site for four months.

The 25-acre Tuscan estate comprises 12 bedrooms and 23 bathrooms in total.

The Agency’s Stacy Gottula and Mauricio Umansky have the listing.

Palazzo di Amore rivals the Spelling Mansion listing in price and extravagance. That 123-room mansion, which hit the market last October for $200 million, is the most expensive home for sale in the U.S.

Greene, who made most of his money by shorting subprime mortgage-backed securities before the 2008 financial crisis, acquired the Mediterranean manor for $35 million in 2007 and invested millions to renovate it.

He is active as a developer in West Palm Beach, where he owns more than 75 acres of prime land. He has opened a school there and plans to bring thousands of residential units, a hotel, a 30-story office building, and a raft of retail space to the city.  [Forbes]Cathaleen Chen


Related Articles

arrow_forward_ios
From left: Sotheby’s Daniel de la Vega and Reagan Jefferies with Brevard County
One Sotheby’s picks up Brevard County brokerage
One Sotheby’s picks up Brevard County brokerage
10181 US Highway 98 West and 39 Sandy Dunes Circle (LoopNet)
Florida Panhandle estate sold for $25M
Florida Panhandle estate sold for $25M
Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby's)
Manalapan compound poised to sell for Florida-record $175M
Manalapan compound poised to sell for Florida-record $175M
Hassan Whiteside and 528 Lakeview Court in Miami Beach (Getty, Joe Azar/Compass)
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
(ONE Sotheby's Realty)
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
6315 11th Ave Gulfport (iStock, Heckler Realty Group, Illustration by Shea Monahan for the Real Deal)
Tampa-area home billed as first in US to be sold as an NFT
Tampa-area home billed as first in US to be sold as an NFT
From left: 1840 South Ocean Boulevard, 1341 South Ocean Boulevard and 2000 South Ocean Boulevard
These were South Florida’s largest resi sales of 2021
These were South Florida’s largest resi sales of 2021
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...