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This over-the-top $129 million mansion comes with 12 bedrooms, parking for 150 cars, and its own bowling alley

Billionaire Jeff Greene is tired of hanging on to the property after nearly a year on the market, so he's cut the price dramatically.

Welcome 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.

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

After nearly three years, it seems Greene is tired of hanging on to the property and is trying once again to offload it, according to Forbes. This time, the listing price is $129 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.

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Greene made a fortune when the real estate bubble burst in Greece and is worth about $3.4 billion, according to Forbes.

Julie Zeveloff contributed reporting to an earlier version of this post.

The Palazzo di Amore is not your ordinary mansion. It's a true party palace, with space to entertain 1,000 guests.

Visitors pass through three sets of gates before arriving at the grand home. The two-story entry has a pair of curved marble staircases.

The 15,000-square-foot "entertainment complex" is what sets this home apart. It has a ballroom with a revolving floor and can host 250 for a seated dinner.

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Guests enter through a floating glass-floor walkway lined with olive trees.

There's a screening room that seats 50, as well as a bowling alley and game room.

Did we mention that the wine cellar holds 3,000 bottles and a tasting room?

But you'll need all that storage space, since the Palazzo di Amore has its own private-label vineyard, which produces around 400 cases a year.

Conveniently for your guests, the property has parking for 150 cars, as well as garages for 27.

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Of course, it's not all fun and games. Get lost in thought by the 128-foot reflecting pool and fountain.

Or chill out in your personal spa. Or take a swim in the spacious pool. Or play a round of tennis on your private court.

With 53,000 square feet of space, this mansion is truly gigantic.

The home has 23 bathrooms and 12 bedrooms, including a 5,000-square-foot master suite. That's a small mansion in its own right.

And the views are undoubtedly spectacular.

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