After years of being unable to sell the property at the price of nearly $200 million, Greene’s “Palazzo di Amore” is now on sale for the “reasonable” price of $129 million. Greene has owned the house since 2007, when he bought the home out of bankruptcy proceedings from a Middle Eastern businessman and his wife for $35 million. The billionaire spent the next seven and a half years fixing up the space, spending tens of millions of dollars to build different parts of the house, including a bowling alley, a 50-seat private screening room, and a ballroom with a revolving dance floor and a DJ. The property is 25 acres and overlooks Los Angeles, has a 35,000 square-foot main home with 12 bedrooms, 23 bathrooms, in addition to a 15,000 square-foot entertainment center, a guest home, and a working vineyard that produces six types of wine. Greene is reportedly bringing the house back to market because his kids go to school in Florida, and the family rarely has time to stay in the mansion. In addition, the agents who have been tasked with selling the house claim that the Los Angeles market is ready for another $100 million house listing. Last year, The Playboy Mansion sold for $105 million, and another home in Holmby Hills sold for $100 million. If anyone is in the market for a house and has a spare $129 million laying around anywhere, this is definitely the house for you.
