Incredible 13-bed Beverly Hills mansion to be most expensive home sold at auction at eye-watering $160MILLION
AN INCREDIBLE 13-bed mansion valued at a whopping $160m is poised to become the most expensive home ever to go under the hammer.
The amazing Beverly Hills property is set over nine sprawling acres and is at the heart of an exclusive neighbourhood packed with Hollywood stars.
Villa Firenze also boasts impressive vaulted ceilings, 25 bathrooms, three separate guest houses and can even be accessed via its own private street.
Described as ‘an authentic Italian village’, the gated estate also includes a jogging trail, swimming pool, Jacuzzi, pool house and a tennis court.
It has a massive courtyard with space for 30 luxury cars, surrounded by 40ft tall Canary Island palms.
It is located in North Beverly Park which is home to A-list stars including Rod Stewart, Denzel Washington, Sylvester Stallone, Eddie Murphy and Kimora Lee Simmons.
The property’s owner said: “Over five years in the making, this is truly a masterpiece that is quite possibly impossible to recreate.
“Many of the world’s most desirable, coveted items are sold at auction – and like these, Villa Firenze is also a work of art in itself.'
The lavish home is being marketed by real estate agents Hilton & Hyland at $160m.
If that incredible figure is achieved, it would become the most expensive residential property to ever sell at auction, according to Concierge Auctions.
The auction house's chairman Chad Roffers told CNN that auctions canoften be a better way for people to sell the most expensive homes.
"When it comes to properties valued in excess of $10 million – let alone $100 million-plus – the buyer pool is extremely limited, which typically leads to months and years on the market," he said.
"In Beverly Hills, the average number of days on the market in 2019 was 324.
"Our research shows that if a luxury property hasn't sold within 90 days, it will likely remain on the market for the next three to five years and eventually sell for a fraction of the original price."
The online auction of the one-off property – which was designed by California-based architect William Hablinski – will start on January 26.
However, despite the its hefty price tag it pales into insignificance when compared to a giant home American home called 'The One'.
That Bel Air property was put up for sale for an incredible $500m when it first hit the market in 2018.
Source: Read Full Article