News | advice | area guide

0M Beverly Hills Estate With Royal Ties Is This Week’s Priciest Property

A Beverly Hills, CA, estate fit for royalty is now on the market for $110 million. The eye-popping price tag makes it the most expensive property to debut on realtor.com® this week.

Property records indicate the owner is Canessa Investments N V, which is associated with Saudi Prince Saud al-Faisal, who died in 2015, and his wife, Princess Johara bint Faisal, the Wall Street Journal reported.

While $110 million is a princely sum, it is actually lower than the asking price last year. The megamansion was quietly shopped around for $145 million by Josh Altman and Matthew Altman last year.

The strategy has now shifted, with a new listing agent, Jeff Hyland of Hilton and Hyland, and a reduced price.

The mountaintop estate comes with 14 acres, features views from the city to the ocean, and is accessed by a private driveway. The landscaped grounds include a pool, tennis court, two-story guesthouse, and staff quarters.

The 35,000-square-foot main home has 10 beds and 12 baths. The entry features a retractable roof and opens to two living rooms and a formal dining room.

This pricey property is in good company. Palazzo di Amore, the neighboring villa owned by real estate tycoon Jeff Greene, also came back on the market after its price was reduced from $195 million to $129 million, which we reported. It’s still looking for a buyer. The  25-acre property includes everything from producing vineyards, to an entertainment complex, pool, and tennis courts.

The post $110M Beverly Hills Estate With Royal Ties Is This Week’s Priciest Property appeared first on Real Estate News & Insights | realtor.com®.

Source: Real Estate News and Advice – realtor.com » Real Estate News