Priciest Single Family Home Ever Once Valued At $165m- The Palatial Beverly Hills Estate Set To Be Sold At Auction
A Buyer is bidding for a palatial Beverly Hills Estate, the property which sits on nearly 10 acres of land and which was once with an asking price of $165m is set to be put on auction for seven days beginning from January 27; This is according to Concierge Auctions, which is handling the sale.
The mansion, which is known as Villa Firenze, is situated in the ultra-affluent, guard-gated Beverly Park community of California. The Italian-style mansion has 20 luxurious bedrooms and was built for Steven F Udver-Hazy, an aircraft leasing billionaire, who owned the property for three years.
The palazzo-style mansion, spanning 20,000 square feet of classic interiors, copious ceiling heights, mosaic stone floors, and rows of columns, is on track to be the most expensive home ever to be sold at auction in the U.S.
A home modeled after the French Palace of Versailles, located in Hillsboro Beach, Florida, held the previous record.
The home-styled mansion was sold in November 2018 for $42.5 million after a bidding war amongst 11 buyers. The selling price of $42.5 million was $100 million less than its asking price of $159 million.
Despite the pandemic, the multi-parcel property has managed to attract foreign interest and has received bids from American and Chinese buyers(As per the Concierge) who are keenly interested in the mansion, which is described by Mr. Udver-Hazy as a “work of art.”