‘Palace of Love’ becomes most expensive US property ever to go on sale
A Beverley Hills estate has gone on sale and broken all records for the most expensive residential property ever to go on sale in the US. Nicknamed “Palazzo di Amore” or ‘Palace of Love’ the estate boasts 25 acres and the main house; accessed via a quarter-mile-long driveway; has a dining room with seating for 250 guests and an elevator. It was bought by property tycoon Jeff Greene in 2007 for US$35 million and he’s spent US$25 million developing it. If it sells for the asking price he’ll turn a healthy profit though; it’s on the market for $195 million (CAN $220 million). Read the full story.