America's most expensive home for sale just got a gigantic price chop

Photography by Marc Angeles/Courtesy of Coldwell Banker Real EstateWelcome to the Palazzo di Amore.

When real estate mogul Jeff Greene listed his Beverly Hills mansion in November 2014 for $195 million, it was the most expensive home for sale in the US.

Later, he decided to try and rent it $475,000 a month.

After nearly a year, it seems Greene is tired of hanging on to the property and is chopping the price by $46 million.

Called "Palazzo di Amore," Greene's home was built for parties. It has an entertainment complex and ballroom, a private-label vineyard, and parking garages for more than two dozen cars. According to a statement, the house was "eight years of hard work" and Greene is selling it because the East Coast is now his base of operations.

"It is, quite simply, impossible to recreate and one of a kind," Greene said in the statement.

With its new $149 million asking price, the home is still the most expensive public listing in America. Greene made a fortune when the real estate bubble burst in Greece and is worth about $3.2 billion, according to Forbes.

Joyce Rey and Stacy Gottula of Coldwell Banker Previews International have the listing.

Julie Zeveloff contributed to an earlier version of this post.