The gated estate in Beverly Hills that has topped the price chart of publicly listed homes for sale nationwide at $195 million since last year has lowered the bar, and its asking price, to $149 million.

Real estate entrepreneur Jeff Greene, who owns properties in Florida, New York and California, put his Palazzo di Amore on the for-sale market in November. A few months later, he also offered it for lease at $475,000 a month. Source: Los Angeles Times

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LA Times: Greene bought the property in 2007 for $35 million and spent eight years expanding the Mediterranean-style mansion. The main residence has more than 35,000 square feet of living space for a total of about 53,000 square feet, including an entertainment complex he added and a detached guesthouse. There are 12 bedrooms and 23 bathrooms.

A floating-style glass-floor walkway over pools and lined by 70-year-old olive trees leads to the entertainment complex, which can seat up to 250 dinner guests.

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