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Friday, September 4, 2015

America's most expensive home for sale just got a gigantic price chop

When real estate mogul Jeff Greene listed his Beverly Hills mansion in November 2014 for $195 million, it was the most expensive home for sale in the US. Later, he decided to try and rent it $475,000 a month. After nearly a year, it seems Greene is tired of hanging on to the property and is chopping the price by $46 million. Called "Palazzo di Amore," Greene's home was built for parties. It has an entertainment complex and ballroom, a private-label vineyard, and parking garages for more than two dozen cars. According to a statement, the house was "eight years of hard work" and Greene is selling it because the East Coast is now his base of operations. "It is, quite simply, impossible to recreate and one of a kind,” Greene said in the statement. With its new $149 million asking price, the home is still the most expensive public listing in America. Greene made a fortune when the real estate bubble burst in Greece and is worth about $3.2 billion, according to Forbes. Joyce Rey and Stacy Gottula of Coldwell Banker Previews International have the listing. _Julie Zeveloff contributed to an earlier version of this post. _ SEE ALSO: THE 15 MOST EXPENSIVE HOUSES FOR SALE IN AMERICA DON'T FORGET: FOLLOW BUSINESS INSIDER'S LIFESTYLE PAGE ON FACEBOOK! THE PALAZZO DI AMORE IS NOT YOUR ORDINARY MANSION. IT'S A TRUE PARTY PALACE, WITH SPACE TO ENTERTAIN 1,000 GUESTS. VISITORS PASS THROUGH THREE SETS OF GATES BEFORE ARRIVING AT THE GRAND HOME. THE TWO-STORY ENTRY HAS A PAIR OF CURVED MARBLE STAIRCASES. THE 15,000-SQUARE-FOOT "ENTERTAINMENT COMPLEX" IS WHAT SETS THIS HOME APART. IT HAS A BALLROOM WITH A REVOLVING FLOOR AND CAN HOST 250 FOR A SEATED DINNER.     See the rest of the story at Business Insider