A $195-million Beverly Hills home is up for lease at $475,000 a month

Lauren Beale
Hot Property
Nation's most expensive mansion at $195 million goes up for lease

The gated 25-acre estate in Beverly Hills that at $195 million tops the price chart of homes for sale nationwide is now also up for lease at $475,000 a month. That's $60,000 more than the median price of a home in Southern California.

Real estate entrepreneur Jeff Greene, who owns properties in Florida, New York and California, owns the Mediterranean-style villa, which is called Palazzo di Amore. He put it on the for-sale market in November.

Set on 25 acres with vineyards, the mansion is approached by a quarter-mile-long, tree-lined drive. The estate label, Beverly Hills Vineyards,  produces 400 to 500 cases of wine a year.

Greene, who bought the property in 2007 for $35 million, spent eight years expanding the villa. He finished the second floor of the main house and built a 15,000-square-foot entertainment complex where as many as 250 guests can be seated for dinner. A floating-style glass-floor walkway over pools and lined by 70-year-old olive trees leads to the complex, which has limestone floors with marble and maple inlay and hand-painted ceilings.

A 50-seat theater, a bowling alley, a game room and a disco/ballroom with a revolving dance floor, DJ booth and laser-light system are among the amenities.

The main residence has more than 35,000 square feet of living space for a total of about 53,000 square feet, including the entertainment complex and a detached guesthouse. There are 12 bedrooms and 23 bathrooms.

One wine cellar can store 3,000 bottles; a second can hold about 10,000 bottles and additional barrels.

The garage can accommodate 27 cars, and on-site parking is available for as many as 150 vehicles.

A 128-foot reflecting pool and fountain, a waterfall, a swimming pool, a spa, a barbecue area and a tennis court complete the grounds.

Joyce Rey and Stacy Gottula of Coldwell Banker are the listing agents.

Twitter: @LATHotProperty

Copyright © 2016, Los Angeles Times
43°