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The Palazzo di Amore

November 17th, 2014 · No Comments · Santa Barbara Real Estate

A Beverly Hills, California, estate with a 12-bedroom Mediterranean-style mansion and a vineyard is listed for $195 million, and is the highest current asking price in the U.S..

The 35,000-square-foot (3,300-square-meter) main house sits on 25 acres with unobstructed views of Los Angeles and the surrounding canyons, according to a statement by Coldwell Banker Previews International.

The Palazzo di Amore is the most expensive residential property on the market

The Beverly Hills mansion, developed by Mohamed Hadid, is owned by real estate entrepreneur Jeffrey Greene. He is selling the property, after renovations that took almost eight years, to take advantage of demand for luxury properties in the U.S. from wealthy investors from overseas.

“The most likely buyer is going to come from abroad,” says the Coldwell Banker Previews broker. “All the high sales that have happened here lately have been by international buyers. They think it’s a good investment, plus the wonderful lifestyle here.”

For more information about this incredible property contact Mark Lomas or Kirsten Wolfe at Coldwell Banker Previews International.

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