$195MM listing in Beverly is America's Most Expensive

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Real Estate Agent with The Group | RE 475135043

First of all, congratulations to Coldwell Banker Previews International own Stacy Gottula and Joyce Rey of Beverly Hills on this impressive listing! At $195 Million, the asking price on this 25 acre estate sitting on the hills above Los Angeles, makes it the most expensive listing in America to date. Properly referred to as Palazzo di Amore, it is currently owned by billionaire real estate investor Jeff Greene. The main house alone is 35,000 sq ft, then partnered with a 15,000 sq ft entertainment center, and a guest house; there is over 53,000 sq ft of living space. With 12 bedrooms and 23 baths, there is clearly no lack of room here. When this place sells, most likely to an international buyer, Mr. Greene will most definitely turn a nice profit considering he purchased this place as a foreclosure in 2007 for only $35MM. Talk about a huge return on an investment! 



Sources:
http://www.today.com/money/americas-most-expensive-home-hit-market-195-million-1D80279110
http://www.forbes.com/pictures/emeg45edded/palazzo-di-amore-beverly-hills/

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Akos Straub of Coldwell Banker Previews International services a wide range of clients including private individuals, developers, and institutions. He specializes in the sales and leasing of new developments, condominiums, apartments and single-family luxury homes in Chicago communities. Start your FREE search to find Chicago homes. Pick up your FREE Chicago home estimate today.

Please visit Akos Straub's website at Coldwell Banker

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