real estate

Opulent Beverly Hills Estate Most Expensive Public Listing in U.S.

Luxury residence is the most expensive publicly-marketed listing in the country

An opulent 25-acre Beverly Hills property is now the most expensive piece of real estate being publicly marketed in the United States.

The luxury residence is owned by real estate mogul Jeff Greene, who listed the property last week for $195 million. At that price, the estate displaces a $139 million listing in Florida atop the list of highest priced publicly listed residential properties in the country.

The Mediterranean-style villa, called the Palazzo di Amore, comes adorned with a spa, pools, an outdoor barbecue station, a tennis court and a full guesthouse, according to the property listing.

The land encompasses its own vineyard capable of producing about 500 cases of wine per year, provided with a 3,000-bottle wine cellar and tasting room.

Entering the estate requires passage through three sets of doubles gates and a security guard house and meandering down a quarter-mile, tree-lined drive. A waterfall surrounded by the hillside shows "a scene which perfectly represents the simultaneously serene and sophisticated property," the listing states.

The 53,000-square foot home boasts 12 bedrooms, 23 bathrooms and a 15,000-square foot entertainment complex for live stage shows and movie screenings. Limestone floor, hand-painted ceilings, burl wood, Turkish lamps and Moroccan tiles fill the home.

The ballroom comes equipped with a state-of-the-art laser light system and revolving dance floor, according to the listing.

The listing agents, Joyce Rey and Stacy Gottula, say they are confident about selling the property by marketing it publicly, NBC's Today reported.

"Nowadays, people think it’s best to keep high-end listings very private," Gottula said. "But we don’t think pocket listings are in the best interest of the seller. We sold the highest priced listing in 2010, Le Belvedere, by marketing it like crazy."

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