By Elena Dimarco
A sprawling Beverly Hills estate, complete with its own vineyard, recently listed at $195 million, making it the country’s most expensive home.
The Mediterranean-style compound developed by Mohamed Hadid is called Palazzo di Amore (“Palace of Love”), a breathtaking villa nestled on 25 acres, possessing (practically) every architectural and design luxury known to humankind. The most stand-out feature of this marvelous property is “the combination of amenities,” said Joyce Rey in an interview with Haute Residence. She and Stacey Gottula are the listing agents.
“I have seen many of these [amenities] in other homes, but not all of them in one place,” she said. “It really is impressive.”
Besides the property’s triple-digit price tag, other jaw-dropping features are a private waterfall; gorgeous, twin-curving staircases; spacious-beyond-belief dining and living rooms that open onto the grounds; a chef’s kitchen with a commercial walk-in refrigerator; and views of the iconic Los Angeles canyons, city lights, and ocean. Outdoor recreational facilities include a swimming pool, spa, outdoor barbecue area, and tennis court. The six-building house can accommodate a high volume of guests, as it provides garage parking for 27 cars and has parking for up to 150 cars on-site.
The newest addition to the estate is a 15,000-square-foot entertainment complex that includes pristine pools lined with majestic, 70-year-old olive trees; a discotheque/ballroom with a state-of-the-art laser light system and revolving dance floor; a bowling alley; and a 50-seat theater with a dressing room for live stage shows (in addition to movie screenings).
The home’s stunning architecture is credited to Bob Ray Offenhauser, and Alberto Pinto is responsible for the outstanding design features, which incorporate rich textures, fabrics, and tiles, as well as exotic furnishings. Palazzo di Amore’s main residence is over 35,000 square feet; there are 12 bedrooms, 23 bathrooms, and the master suite, alone, is 5,000 square feet. The home is well protected, having three sets of double gates, and a “security guard house.”
The home’s current owner is real estate entrepreneur Jeff Greene, who bought the property in 2007 and has invested tens of millions to complete and expand it. He also had his wedding there, according to Joyce Rey. Joyce Rey and Stacey Gottula are no strangers to the real estate industry. The ladies set the national sales record in 2010 when they sold Le Belvedere, another Mohamed Hadid estate, in Bel Air for $72 million. Ms. Rey is also known for making the “highest sale ever” recorded in 1978, when she sold the former Sunny and Cher estate for $4.2 million (an astounding price at the time).
“It shows you the tremendous advantage of investing in residential real estate in the United States,” she said.