The best things in life come for free or at millions of dollars in discounts.
Villa Firenzeis a sprawling 31,608-square-foot Italian-inspired estate spread across 9.85 acres in prime Beverly Hills, California, and has sold for $79.5 million. That means $40.5 million less than his $120 million requested in May. At some point, before it goes up for auction in 2021, Asked for $165 million 2017, according to Mansion Global.
Sotheby’s International Realty, the brokerage firm representing the list, said the $120 million asking price was a way for its owners at the time to test the market. Its owner, Roy Eddleman — founder of medicinal chemical company Spectrum Life Sciences — was the winning bidder of its early 2021 auction. He bought it for his $51 million. He died 14 months later in June 2022 at the age of 82.
Sotheby’s further points out that after Eddleman’s death, his estate chose to price and sell, and that the new asking price is based on recent comparable sales. .
The property has plenty of space for 12 bedrooms, 18 bathrooms, plus multiple living and dining areas. The sale also includes a motor court with a central fountain and a gated stone entrance leading to the stone entrance to the house.
Additional top features include a circular two story (double height) library with beautiful wood paneling and wood beamed ceilings. The master suite has two bathrooms, and the house also has a designated room for gift wrapping.
The guesthouse has two bedrooms and a private bathroom. The ‘Pool Compound’ has a pool house with his two bedrooms next to the grand pool itself and a cabana with an open kitchen. The grounds also include lighted tennis courts, a half-basketball court, a soccer driving range and a children’s maze.
Richard Cragg of Sotheby’s Beverly Hills Securities is listed.