Super mansion still America's most expensive property listing despite multi-million dollar discount

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Despite knocking more than US$40 million off its asking price, a California super mansion still holds the title of America’s most expensive residential property listing.

The 12-bedroom, 23-bathroom Palazzo di Amore in the Los Angeles suburb of Beverly Hills was placed on the market last year with an asking price of US$195 million, but after failing to sell the property this week had its price guide reduced by a whopping US$46 million.


The current vendor bought the property in 2007 for US$35 million and in the following eight years has expanded it to now cover more than 4,900 square metres.

Whether any property is worth US$149 million, let alone US$195 million is debateable but the Palazzo di Amore makes a good case for why a potential buyer should dig deep into their pockets.

The mansion is set on 10 hectares and includes a living space that spans 3,200 square metres and an entertainment complex spanning another 1,700 square metres.

Besides the 12 bedrooms and 23 bathrooms, the property comes with a theatre that can seat 50 people, a 250-person dining area and a private bowling alley.

A 10,000 bottle wine cellar means guests will never be thirsty and they can even taste a local drop with the property including its own vineyard.

The grapevines don’t take up all of the space outside, with a tennis court, swimming pool and fountain all featuring among the landscaped surrounds.

There’s no need to worry about parking either, with the property featuring a 27-car garage and enough additional parking for another 150 cars.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

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