The 13-bedroom Villa Firenze is spread over 9 acres of land in Beverly Hills and can be accessed via its own private street, according to Concierge Auctions, which handles the sale. The house is decorated with vaulted ceilings, multiple fireplaces and 25 bathrooms, while the larger estate has three independent guest houses.
The gated mansion is located in the exclusive North Beverly Park neighborhood, where celebrities such as Rod Stewart, Denzel Washington and Sylvester Stallone live, according to a press release.
The larger estate has three separate guest houses. Credit: Concierge auctions
Designed by California-based architect William Hablinski, the property is described by the auction house as an “authentic Italian town.”
Outdoor amenities include a jogging track, swimming pool, jacuzzi, swimming pool, tennis court and a large enough patio for 30 cars.
“This is really a masterpiece that is possibly impossible to recreate,” the property owner says in the press release. “Many of the most coveted and desired objects in the world are sold at auction and, like these, Villa Firenze is also a work of art in itself.”
Registered buyers will have approximately one week to bid for the 13-room mansion. Credit: Concierge auctions
The luxury home was listed by real estate agents Hilton & Hyland for $ 160 million, which, if achieved, would make it the most expensive residential property ever sold at auction, Concierge Auctions said.
Despite the apparent risk, auction house president Chad Roffers said auctions could be a better bet for people selling properties at the top of the market.
“When it comes to properties worth more than $ 10 million (and still less than more than $ 100 million), the group of buyers is extremely limited, which usually takes months and years on the market,” Roffers said. in an email interview, adding that the traditional selling method has its limitations.
The house is designed by Californian architect William Hablinski. Credit: Concierge auctions
“In Beverly Hills, the average number of days on the market in 2019 was 324,” Roffers said. “Our research shows that if a luxury property has not been sold within 90 days, it will likely remain on the market for the next three or five years and eventually be sold for a fraction of the original price.”
The auction will take place online, over eight days, starting January 26th.