Billionaire's Beverly Hills estate with vineyard relists for $195M

"Beverly Hills' 25-acre Palazzo di Amore estate is on the market once again, asking $195 million, The New York Post reported. The price works out to $3,679 per square foot and $7.8 million per acre. It was last on the market in 2017 with a $129 million asking price, down from the list price of $195 million in 2014, when it was the most expensive home for sale in the country."

"It's the biggest single property in Beverly Hills by far, Greene told the outlet. Once you get to our gate, it's beautiful. It's a long, double-wide, meandering road through the vineyards up to the top. You are completely secure. The 12-bedroom, 23-bathroom property has a 15,000-square-foot entertainment wing with a 50-seat movie theater, a bowling alley and a disco with a rotating dance floor. The primary suite has a living room, two walk-in closets and a Turkish spa."

"The 6-acre vineyard on the grounds produces cabernet sauvignon and sangiovese wine under the label Beverly Hills Vineyards, and a wine-tasting room has temperature-controlled storage for 10,000 bottles. Other nine-figure listings in SoCal include 10644 Bellagio Road in Bel Air, which is asking $190 million, per Realtor.com. The seven-bedroom mansion, known as Casa Encantada, is on an 8.4-acre property and features several dining rooms, orchards, a 60-foot tiled pool and a tennis pavilion."

The 25-acre Palazzo di Amore in Beverly Hills is listed for $195 million, equating to $3,679 per square foot and $7.8 million per acre. The estate was previously listed in 2017 for $129 million and in 2014 for $195 million. The 53,000-square-foot residence at 9505 Lania Lane has been rented to infrequent visitors for about $425,000 per year. The seller is real estate billionaire Jeff Greene. The property includes 12 bedrooms, 23 bathrooms, a 15,000-square-foot entertainment wing with a 50-seat theater, bowling alley and disco, and a primary suite with a Turkish spa. A 6-acre vineyard produces cabernet sauvignon and sangiovese, and a tasting room stores 10,000 bottles. Several other Southern California listings top nine figures, including Casa Encantada at $190 million.

Read at therealdeal.com