Home & Garden

Hot property: Most expensive house listed for sale in U.S. takes a price cut

Originally listed for $195 million, the Beverly Hills, Calif., estate known as Palazzo di Amore is now priced at $149 million, following a $46-million price cut. The 25-acre property features 35,000 square feet of living space and an entertainer’s complex with a theater, a bowling alley and a disco/ballroom.
Originally listed for $195 million, the Beverly Hills, Calif., estate known as Palazzo di Amore is now priced at $149 million, following a $46-million price cut. The 25-acre property features 35,000 square feet of living space and an entertainer’s complex with a theater, a bowling alley and a disco/ballroom. TNS

A gated estate in Beverly Hills listed at $195 million has been at the top of the chart of publicly listed homes for sale nationwide since last year. After 10 months at the top, though, the price has been lowered to $149 million.

Jeff Greene, a real estate entrepreneur who owns properties in Florida, New York and California, put his Palazzo di Amore on the market in November. A few months later, he also offered it for lease at $475,000 a month.

Greene bought the property in 2007 for $35 million and spent eight years expanding the Mediterranean-style mansion.

The main residence has more than 35,000 square feet of living space for a total of about 53,000 square feet for the entire estate, including an entertainment complex that Greene added and a detached guesthouse.

More recently, about $1 million was put toward a grand entry complete with a new gate, turnabout and guard station, as well as a lounge area connecting the tennis court to other recreational facilities.

Other features include a floating-style glass-floor walkway set over pools that leads to the entertainment complex, which can seat as many as 250 dinner guests. The 15,000-square-foot complex also has a 50-seat theater, a bowling alley and a disco/ballroom with a revolving floor, a DJ booth and a laser-light system. There are 12 bedrooms and 23 bathrooms in all.

The estate label, Beverly Hills Vineyards, produces 400 to 500 cases of wine a year. There’s one wine cellar that can store 3,000 bottles and another that can hold about 10,000 bottles.

A 128-foot reflecting pool and fountain, a waterfall, a swimming pool, a spa and a barbecue area make up the grounds, while a two-acre organic farm is being added.

CHANGING TUNE IN TOLUCA LAKE

Musician David A. Stewart, the former frontman of the Eurythmics, has listed his Toluca Lake home for sale at $4.25 million.

The Spanish-style house was built in 1929 and was home to Toluca Lake’s original architect Park French, who designed homes for such movie stars as Mary Pickford, Douglas Fairbanks and Norma Talmadge.

Period details include original stained-glass windows, wood floors and a wood-burning fireplace in the living room. The home includes living, family and dining rooms, a breakfast room, library, soundproof media room, a steam room, four bedrooms and four bathrooms in 5,426 square feet of living space.

The quarter-acre grounds feature a heated pool, an organic herb garden, a heated dining terrace and a covered exercise deck. A boat mooring and private access to the lake are included.

Singer-songwriter-guitarist-producer Stewart, 62, has also worked with such artists as Bono, Gwen Stefani, Tom Petty, Katy Perry, Stevie Nicks, Joss Stone and Mick Jagger.

His most recent album, Lucky Numbers, was released in 2013.

The property last changed hands a decade ago for $3.815 million.

A HOME COURT WITH A VIEW

Andrei Kirilenko, the former NBA All-Star and newly elected president of the Russian Basketball Federation, has bought a contemporary-style compound in Bel-Air for $5.55 million.

The walled and gated home, designed for indoor-outdoor entertaining, features sliding glass walls, multiple entertaining decks and a swimming pool and spa.

Within the 4,350 square feet of space are open plan living areas with raised ceilings, a center-island kitchen, an office and a master suite with a large soaking tub. A lower-level bonus area has a large wine cellar. Floor-to-ceiling walls of glass center on city and ocean views. A total of five bedrooms and five bathrooms includes the four-bedroom main house and a guesthouse with a gym.

Two detached garages, a motor court and a flat grass yard make up the grounds of nearly three acres.

The house came on the market in the middle of August for $5.85 million and was under contract in less than a week, records show.

Kirilenko, 34, spent 13 seasons in the NBA for the Utah Jazz, Minnesota Timberwolves and Brooklyn Nets, making one All-Star team (2014) and one All-Defensive first team (2006).

The forward retired in June and in August was elected president of the Russian Basketball Federation, which was suspended by international basketball governing body FIBA this year.

‘TWILIGHT’ STAR CHARMS BUYER

Actress-singer Nikki Reed, who played a vampire in the Twilight films, has sold a compound in Hollywood Hills for $1.31 million.

The 1920s Spanish-style villa, guesthouse and swimming pool sit on a knoll in the Lake Hollywood area. Views from the house and roof patio take in the cityscape and mountains.

Fronted by a three-car garage, the multiple levels feature a living room, a dining area, an updated kitchen, a laundry room, four bedrooms and three bathrooms within 2,284 square feet of space.

A broad deck surrounds an irregularly shaped swimming pool with a waterfall spa.

Reed, 27, appears in the current television series Sleepy Hollow and was in The O.C. (2006). She starred in and co-wrote Thirteen (2003), which was based on writings from her teenage years.

The property previously changed hands in 2011 for $872,000.

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