Two years ago, one of the most expensive houses in the world was put up for sale for $160 million. After a whopping 70 percent discount, the Beverly Hills, California mansion sold at auction last April for $51 million. Now, just over a year later, the property is up for grabs again, costing more than double what it last sold for.
Known as Villa Firenze, the huge mansion is located in a gated area of the famous Los Angeles neighborhood. Situated on nearly 10 acres of land, the Tuscan-inspired home boasts 31,624 square feet of living space, including 12 bedrooms and 14 full baths. It was built over a five-year period by architect William Hablinski and was completed in 1998 with signature touches such as vaulted ceilings and carved moldings. You’ll also find luxury amenities ranging from a swimming pool with a two-bedroom pool house to basketball and tennis courts and even a “soccer practice field.”
The North Beverly Park estate was the longtime residence of Hungarian-American billionaire Steve Udvar-Hazy and his wife, Christine. In 2018, the couple originally wanted $165 million for the abode, according to Dirt. Following its sale at auction, biotech entrepreneur Roy Eddleman has lived alone in the house, which has staff quarters, five family-style ensuite bedrooms and a master suite. The latter includes spacious double bathrooms, double walk-in closets and double private offices. Outside, ample lawn space and formal gardens further add to the dreamy ambience.
Real estate agent Richard Klug of Sotheby’s International Realty tells robb report that his client “wants to sell the house because it is too much for him”. He goes on to say that “the house was built by one family and would be perfect for someone with their own family who could use all the rooms and extra space.” New buyers will also appreciate that Eddleman has also upgraded Villa Firenze’s entire lighting, plumbing and water systems.
But many buyers may still be wary of buying the property. Sure, it’s beautiful, but what other reasons are behind the huge increase in prices in just over a year?
“Beverly Hills has become extremely popular lately,” says Klug, and he’s not wrong. Over the past year, the 90210 ZIP code has seen a spike in major sales, from the Hearst Estate, which sold for $61 million, to Ellen Degeneres’ former home, which was purchased for $47 million. In 2021, Adele paid $58 million for Sylvester Stallone’s former estate in Beverly Park.
Also, Villa Firenze has more acres than most of those houses, which was a big factor in Eddleman’s decision making. “We started with $70 million and then compared the compositions of nearby homes,” says Klug. “One with roughly the same square footage was only 2.2 acres and cost at least $50 million. It also costs about $10 million an acre for the flat land that comes with the [Villa Firenze] property.” That said, nearly $100 million of the price is accounted for on the property’s 9.85-acre grounds alone.
If you have a little extra cash to spend on the mega mansion, or would like to know more, contact Richard Klug at Sotheby’s International Realty, who has the listing. Check out more pictures of the estate below: