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Subprime King Asking $195MM For Vomitous Bev Crest Palace

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Well, then, now there is a property on the market in Beverly Crest asking $195 million. Ok, sure thing, money is all made up anyway. Palazzo di Amore, evoking pure love with its 23 bathrooms, quarter-mile driveway, and rotating dancefloor, sits on 25 acres just off Coldwater Canyon and is a good way to get a Los Angeles megamansion bingo: it was originally developed by the prolific palace-builder Mohamed Hadid, designed by megamansion architect Bob Ray Offenhauser, and is now being sold by Jeff Greene, the real estate investor who profited hugely off the financial collapse a few years back by shorting subprime mortgages and who owns several insane properties in Los Angeles, despite not even living in the city (or the state!).

Greene bought the half-finished house in 2007 for $35 million and has spent the intervening years finishing it to the most grotesquely over-the-top standards, which, he tells the Wall Street Journal, he kind of regrets ("In hindsight, I never would have done this.") As our pals at Curbed National point out, this is the most expensive listing in the country.

The Palace of Love includes a 35,000-square-foot main house with 12 bedrooms, a 3,000-bottle wine cellar and tasting room, a separate 10,000-bottle cellar, a kitchen with walk-in fridge, a staff wing, and a Turkish spa (a Hadid signature); a 15,000-square-foot entertainment center with bowling alley, 50-seat theater, "a dressing room for live stage shows," and a disco/ballroom with "state-of-the-art laser light system and revolving dance floor"; a vineyard that produces 400 to 500 cases a year of Sangioveses, Syrahs, Cabernets, Merlots, Roses, and Sauvignon Blancs; a tennis court; a 128-foot reflecting pool; probably some other pools?; olive trees, we think … our eyes started blurring over at this point … all on 25 acres that can "easily accommodate parking for 150 cars."

Anyway, yeah, if you have $195 million but no soul or taste, holler at Mr. Greene. In conclusion, convicted rapist Mike Tyson was the best man at his wedding.


· ONCE IN A LIFETIME [Joyce Rey]
· $195M SoCal Compound is the Nation's Most Expensive Listing [Curbed National]