After more than seven years of work and millions of dollars invested in the project, the entrepreneur and real estate investor Jeff Greene put on the market his Palazzo di Amore in Beverly Hills, California, for a record price of $195 million. The offer seems to be in tune with current real estate trends that claim houses on the hills sell for more than those on the water.
The imposing property was acquired by Greene at a judicial auction in 2007, following the bankruptcy of its previous owner. Thus, the 25-acre villa passed from the hands of Saudi businessman Mishaal Adham K. to the US investor for about $35 million. Initially, the goal was to invest $25 million in renovations, but Greene´s obsession with detail, perfectionism, and commitment to the project resulted in a magnificent construction.
Conceived by developer Mohamed Hadid, architect Bob Ray Offenhauser and designer Alberto Pinto, this unparalleled villa in exclusive Beverly Hills features a 35,000-square-foot main house, an entertainment center of more than 15,100 square feet, a separate guesthouse and an active vineyard that produces six types of wines from different grape varieties. More on real estate, design and architecture.
The ground floor of the mansion has a spectacular kitchen fit for the most demanding chef with classic furnishings, a giant industrial cooler and servant’s quarters. On the same level, there is a stunning living room, breakfast room, spectacular dining room with inlaid marble floors as well as an office, game room and family room with beautiful views of the hills.
The first floor is divided into two wings: one of them holds the 5,000-square-foot master suite with a hand-carved fireplace, balcony, terrace with stunning views, his and hers private bathrooms and a spa, sauna and Turkish bath. On the opposite wing, there are four additional suites, including a VIP suite with silk paneled walls. The mansion is decorated in a classic style with rich textures of marble, polished and carved woods, vaulted ceilings embellished with frescoes, and sumptuous European furniture.
Palazzo di Amore has a garage for 27 cars, but can accommodate more than 150, if necessary, in its extensive driveways. For relaxation and entertainment, there are swimming pools, tennis and basketball courts, a movie theater with 50 seats, bowling alley, and a ballroom.
Although grapes were cultivated on the extensive property grounds, the vineyards were not used for the production of wine. Greene, a connoisseur and wine lover, hired two producers to work full time on the site. Also included in the main mansion is a private wine cellar with a capacity of 3,000 bottles, a tasting area, plus a temperature controlled underground storage for another 10,000 bottles. If you want more, the house also comes with the original aging barrels. Currently, the estate produces about 500 cases of wine annually.
Palazzo di Amore represents a lifestyle of luxury at the highest level. Its future owner will enjoy an elegant, convenient and unique property with a distinct added value: its vineyards and wine production. ■