When it first went on the market in November 2014, the opulent Palazzo Di Amore was by far the most expensive home in America at $195,000,000. The list price was reduced to $146,000,000 in late 2015 but the Beverly Hills estate still remains the most expensive developed property in the nation. The price tag for this ‘palace of love’ is almost 6 times that of many of the finest residences in Atherton.
Set in the mountains overlooking Beverly Hills, the Mediterranean mansion is set upon 25 lush acres that include its own vineyards that produce its own private label wines. Seclusion and security is of the utmost importance and is guaranteed by the triple gated entry, guard station and beautifully landscaped quarter mile drive to the home.
Once rented to royal families and international businesspersons for $250,000 a month, the palatial main house is 35,000 square feet, 5,000 of which are the Master Suite. A separate 15,000 square foot ‘entertainment venue’ includes a 50-seat, state-of-the-art theatre complete with a dressing room for live stage shows, a two-lane bowling alley and a discotheque with DJ booth, revolving dance floor and laser lights for the full disco experience.
Owned by billionaire real estate magnate Jeff Greene and his wife, the home embodies a sumptuous, lavish atmosphere that is able to host 250 guests for a sit-down dinner as well as provide parking for 150 automobiles. Over 8 years, the couple infused millions into the home, including a recent $1 million renovation of the entry features including a new gate, turnabout, guard station and planting of 50-year old olive trees in keeping with the Mediterranean ambiance.
The residence includes 12 bedrooms and 23 baths as well as numerous living and dining areas, 3,000 bottle wine cellar and tasting room, guesthouse, pool, tennis courts and meticulous gardens. Each room exploits the city to oceans views with expansive windows and sliding glass walls that open onto balconies and patio spaces.
The regal residence has gained tremendous press interest and has been featured in the Wall Street Journal, Bloomberg, CNBC and Forbes Life. Palazzo Di Amore remains on the market awaiting the one special buyer who can afford this splendid Beverly Hills retreat. Might that be you?
Are you in the market to buy or sell a luxury home in the Silicon Valley or beyond? The Dawn Thomas Team specializes in the luxury market in Atherton and other desirable surrounding communities.
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