Now, it appears Greene is trying to squeeze some value out of the house before it sells. It's been listed as a rental with a jaw-dropping asking price of $475,000 a month, according to Curbed LA.
Known as the "Palazzo di Amore," Greene's home was built for parties. It has an entertainment complex and ballroom that can fit 250 guests, a private-label vineyard, and parking garages for more than two dozen cars.
Greene, who made a fortune when the real estate bubble burst, is worth some $2.2 billion. With its $195 million listing price, his home is by far the most expensive on the US market, beating a Florida home currently listed at $139 million.
Joyce Rey and Stacy Gottula of Coldwell Banker Previews International have the listing.