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.
Do you have more than $200k in your super fund? You could use your super to buy property - Find out how
Top Suburbs :
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.
We value your privacy and treat all your information seriously - you can check out