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Monday, March 20, 2017

No one wants to buy this $129 million mansion with 12 bedrooms and its own bowling alley

[9505 Lania lane house of the day]Photography by Marc Angeles/Courtesy of Coldwell Banker Real Estate 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 for $475,000 a month. After nearly three years, it seems Greene is tired of hanging on to the property and is trying once again to offload it, according to Forbes. This time, the listing price is $129 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. Greene made a fortune when the real estate bubble burst in Greece and is worth about $3.4 billion, according to Forbes. Stacy Gottula and Mauricio Umansky of The Agency now have the listing. _Julie Zeveloff contributed reporting to an earlier version of this post. _ THE PALAZZO DI AMORE IS NOT YOUR ORDINARY MANSION. IT'S A TRUE PARTY PALACE, WITH SPACE TO ENTERTAIN 1,000 GUESTS. Marc Angeles for Coldwell Banker VISITORS PASS THROUGH THREE SETS OF GATES BEFORE ARRIVING AT THE GRAND HOME. THE TWO-STORY ENTRY HAS A PAIR OF CURVED MARBLE STAIRCASES. Marc Angeles for Coldwell Banker 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. Marc Angeles for Coldwell Banker     SEE THE REST OF THE STORY AT BUSINESS INSIDER


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