Beverly Hills Mansion Hits Market With $129 Million Price Tag

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A huge Beverley Hills home has hit the market with a $129 million price tag. The price is $66 million less than where it was previously listed.

According to Realtor.com, 9505 Lania Lane sits on 25 acres, has 12 bedrooms and has 16 full and seven half-baths. It is built in 2002, and the listing makes a case for the price tag:

Once in a lifetime, an estate of such distinction becomes available. A palatial Mediterranean minutes from the heart of Beverly Hills, Palazzo di Amore sits on a rare approx. 25 acre promontory with panoramic city-to-ocean views. The prestigious residence embodies both majesty and family. Outstanding amenities include: quarter-mile, tree-lined private drive, waterfall, luxuriant gardens, sparkling pools. Colonnaded dining room with wine tasting room, grand chef’s kitchen, approx. 10,000-bottle temp controlled wine storage, large tasting room, unrivaled master suite, Moroccan retreat, Turkish-style spa. Guest house, gorgeous terraced acreage, producing vineyards, pool, spa, tennis court & pavilion, reflecting pool, fountain, state-of-the-art entertainment complex with stage, theater, ballroom, bowling alley. Entertain in true luxury and sophisticated beauty. Bring your most discerning clients to reimagine this majestic estate in all its cosmopolitan grandeur.

Beverly Hills is one of the wealthiest cities in America. According to the Census, it has 34,869 residents, which is barely changed since 1970. Just over 84% of the residents are white. The median household income of $86,141 is well above the national average. The poverty rate is 8.8%, well below the national average.

Four of the 10 largest employers in Beverly Hills are hotels. Saks Fifth Avenue is another.