AmericaÕ most expensive home goes on the market

The $195 million price tag is “really quite reasonable”

There are only a handful of people who can afford this $195 million home in Beverly Hills, California. Last year alone, only three estates in the United States sold for more than $100 million, including the most expensive residence ever sold in the country, an 18-acre property in East Hampton. Per The New York Times:

The owner of the property Jeff Greene became a millionaire during the recession by betting that people would default on their mortgages, the article explained.

The 35,000-square-foot main house has 12 bedrooms, 23 bathrooms, two kitchens and sweeping views of Los Angeles. There is a guesthouse, a 24-car garage and an “an entertainment complex” with its own bowling alley, rotating dance floor, D.J. booth and laser lights. The complex also has its own vineyard — a rarity in Beverly Hills — and a wine cellar that can hold thousands of bottles.

“When you consider the value of the land and the quality of the construction,” Mr. Greene said, “$195 million is really quite reasonable.”

Only a billionaire real estate promoter would call $195 million “reasonable.” And while Mr. Greene says he didn’t set out to list the most expensive home in the United States, real estate experts say the price is as much a marketing tactic to draw attention as it is a real reflection of value.

Picture source: New York Times

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