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Beverly Hills Estate's Record Asking Price Cut to $149 Million

  • Estate listed last year for $195 million, highest U.S. price
  • Billionaire owner Jeff Greene says he's `motivated to sell'

The Palazzo di Amore, a Beverly Hills, California, estate with a vineyard and parking for 150 cars, is being offered at 24 percent off its record asking price of $195 million.

“When we originally put it on the market, we were prepared to see what the response would be,” Jeff Greene, the billionaire real estate and mortgage entrepreneur who owns the estate, said in a statement Thursday announcing the new $149 million asking price. “Now, we are very motivated to sell.”