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Villa Firenze in Beverly Hills is up for sale at a $40.5 million discount

The best of life is offered for free or at a discount of millions of dollars.

Villa Firenze, a vast 31,608-square-foot Italian property spread over 9.85 acres in a prime location in Beverly Hills, California, is back for sale for $ 79.5 million. I did. This marks the $ 120- $ 40.5 million demanded by real estate in May. At some point, according to Mansion Global,demanded $ 165 millionin 2017 before being auctioned in 2021.

Sotheby's International Realty, a leading brokerage firm, states that the $ 120 million asking price was the owner's way of testing the market at the time. Its owner, Roy Eddleman — the founder of the medicinal chemistry company Spectrum Life Sciences — was the winning bidder for the auction in early 2021. He bought it for $ 51 million. Fourteen months later, in June 2022 he died at the age of 82.

Sotheby's further states that after Eddolman's death, his property chose to price for sale. Equivalent sales.

Villa Firenze most recently sold at auction in 2021 for $51 million.
Sotheby's International Realty Adam Latham
Its grounds include a lavish pool surrounded by palm trees.
Sotheby's International Realty Adam Latham
In 2017, the Italian-inspired mansion asked $165 million.
Sotheby's International Realty Adam Latham
The massive property fits a number of perks, such as this two-story library.
Sotheby's International Realty Adam Latham
Wood-beamed ceilings extend throughout, and this seating area has a fireplace.
Sotheby's International Realty Adam Latham
The property also includes oversize arched windows that let in light.
Sotheby's International Realty Adam Latham
A bedroom with a vaulted ceiling.
Sotheby's International Realty Adam Latham
There's also plenty of room for entertaining guests.
Sotheby's International Realty Adam Latham

This property has 12 bedrooms, 18 bathrooms, and multiple living and dining areas. There is enough space in. The sale also includes a stone entrance with a gate leading to the motor court with a central fountain and a stone entrance to the house.

Additional over-the-top features include a circular two-story (and double-height) library with handsome wooden panels and a ceiling with wooden beams. The master suite has two bathrooms, and the house also has a designated room for gift wrapping.

The guest house has 2 bedrooms and a private bathroom. The "Pool Compound" has a pool house with two other bedrooms next to the grand pool itself and a cabana with an open kitchen. There are also illuminated tennis courts, basketball half courts, a practice soccer field and a children's maze on site.

Richard Klug of Sotheby's Beverly Hills Fed has a list.