Palazzo di Amore Reduced!

Palazzo di Amore Reduced!

Palazzo di Amore Reduced!

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When a house at any price doesn’t sell right away, there is usually a price reduction of several thousand dollars to generate new interest or bring back buyers who were interested at the original price but couldn’t reach the mark. But when the most expensive house in America has a $46 million price reduction and is still the most expensive house on the market, it has to be something special. Who could resist a mansion named the Palace of Love?

The palace-sized mansion is a Mediterranean-style villa on approximately 25 acres just two miles above the historic Beverly Hills Hotel and Rodeo Drive in Hollywood. The estate of 53,000 square feet consists of the main house, a full guest house and outdoor recreation including a pool, spa, outdoor barbecue station, tennis court, water features, professional landscaping, 27-car garage, large vineyard and spectacular views of city lights and the Pacific Ocean. The interior of the main house contains twelve bedrooms, twenty-three bathrooms, state-of-the-art security, formal living and dining rooms, breakfast room, game room with the office and family room opening onto the grounds. The home also has a Turkish spa, discotheque/ballroom with laser light system and revolving dance floor and a two-lane bowling alley. The wine cellar includes multiple corridors and temperature-controlled rooms for wine storage and a tasting room that houses 3,000 bottles of the private label estate wine made from classic varietals, including Sangiovese, Syrah, Cabernet, Merlot, Rose and Sauvignon Blanc. The vineyard produces between 400 to 500 cases per year. Originally priced at $195 million or leased at $475,000 a month, it is now priced at $149 million with a lease price of $350,000 a month.

Source: www.joycerey.com