Morning Briefing: Asking price dropped by $50 million!

by Steve Randall08 Sep 2015
Asking price dropped by $50 million!
A 25-acre estate in Beverly Hills has been dramatically reduced in price having been on the market since November. The home known as Palazzo di Amore (Palace of Love) is owned by Jeff Greene, friend of Mike Tyson, who told the New York Daily News that he is keen to find a buyer now. The compound, including 12-bedrooms, 23-bathrooms, ballroom, 50-seat screening room and bowling alley, was originally listed for $195 million but is now a ‘bargain’ price of $145 million. The listing agents are Joyce Rey and Stacy Gottula of Coldwell Banker.
Coldwell Banker heads to Britain
If the owners of the iconic home seen by millions in hit TV show Downton Abbey ever want to sell they can now do so through Coldwell Banker. The New Jersey-based real estate firm has just announced a master franchise agreement with a UK firm GBRE which will see the Coldwell name reaching its 44th country. The firm will focus on London initially, where real estate is red hot currently, before being rolled out across England and Wales.
New York penthouses sell for $27 million
A pair of penthouse apartments in New York’s Flatiron District have sold for a combined $27 million according to the New York Post. The apartments are part of the 21W20 development at 21 West 20th Street. One of the units, at $17 million, has 3 bedrooms and more than 4,000 square feet of inside space with an additional 1,740 outside including rooftop hot tub for 6 people. The smaller duplex has around 2,700 square feet inside and 1,218 outside, again with a 6-person hot tub. 


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