Jeff Greene looks to set an American real estate record with the sale of his California estate. Palazzo di Amore is set to sell for $195 million, the most ever for a private residence in the U.S.
Located in Beverly Hills, the 25 acre gated Mediterranean compound comes with its own vineyards. The property offers views of the iconic Los Angeles canyons and city lights.
The main residence at Palazzo di Amore is over 35, 000 square feet, including a finished wine cellar, while the entire estate offers more than 53, 000 square feet of livable areas. With architecture by Bob Ray Offenhauser and design by Alberto Pinto, the Palazzo di Amore is suited to entertain in style on a grand scale, offering the opportunity to host events for over 1, 000 guests.
There are 12 bedrooms and 23 bathrooms across its several buildings.
It took eight years to complete all of the updates to Palazzo di Amore and Greene said that he always intended to flip the property.
Greene invested tens of millions of dollars to complete and expand Palazzo di Amore after he bought it. The second floor of the main residence was finished by Greene and he built a separate massive 15, 000 square foot entertainment center that includes a disco/ballroom with a revolving turn table style dance floor, DJ booth and a laser-light system. The entertainment complex features a 50-seat private screening room, a bowling alley and a game room.
Worth an estimated $3 billion, Greene is a self-made real estate entrepreneur. Mr. Greene owns more than 30 properties in Florida, 3, 500 apartments in Los Angeles and 3 buildings in downtown Manhattan, as well as estates in the Hamptons, Malibu and Palm Beach.