Luxury House Listings Grow as Wealthy Homeowners Flee High-tax States

One of the world’s most expensive homes is being listed at auction for the first time ever.

The $160 million Beverly Hills compound is equipped with a main house, three guest cottages, 13 bedrooms, 17 bathrooms and 20,000 sq. feet of living space. It’s nothing short of extravagant.

While the surrounding grounds of the 10-acre property feature a sports field, a tennis court, a basketball court, a six-car garage and a manicured lawn and gardens, the backyard boasts a resort-style pool, jacuzzi, pool house fully furnished with a cabana kitchen.

“And you’ll be neighbors with Eddie Murphy and Denzel Washington,” FOX Business’s Kristina Partsinevelos told “Making Money.”

The Mediterranean-style megamansion belongs to Hungarian billionaire Steven Udvar-hazy, who listed the property for $165 million in 2018 and has since been trying to sell it. Udvar-hazy built his fortune through airplane leasing and currently serves as the chairman of Air Lease Corp. His move to list Villa Firenze comes as an effort to expedite the sale.

Villa Firenze will be listed on digital auction house Concierge Auctions for eight days starting at no minimum price.

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SOURCE: Fox Business, Sumner Park

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