BUSINESS

One Of America's Most Expensive Homes Just Had Its Price Jacked

11/13/2015 08:35 EST | Updated 11/13/2015 08:59 EST

How do you sell a home that ranks among the most expensive in the United States?

You jack the price, naturally.

Le Palais Royal, a Versailles-inspired home that's still under construction in Hillsboro Beach, Fla., was called America's most expensive listing when it hit the market for US$139 million last year.

Check out photos of Le Palais Royal:

Le Palais Royal is Officially America's Most Expensive Listing

It was overshadowed this year by a $500-million Bel Air spec home being called the "most expensive mansion in history."

But it's drawing renewed attention after the seller hiked the price to $159 million, said The Wall Street Journal.

The property, which is owned by Robert Pereira of construction company The Middlesex Corp., includes an approximately 60,500-square-foot home with an IMAX theatre, a wine cellar that can fit 3,000 bottles, an aquarium and a master bedroom that has its own heated pool on a balcony.

And that's saying nothing of the six waterfalls or the $2-million marble staircase.

The property was de-listed in August but now it's on the market again as the main home approaches the end of its building phase, The Sun-Sentinel reported.

There are also plans for an ice rink, bowling alley, go-kart track and two guest houses, as part of a second phase of construction.

Agent Mayi de la Vega told the Sun-Sentinel that the property is aimed at people who collect "homes around the world. ... It's for someone who doesn't really need to have it, but who basically wants a trophy property."

Listing a home for such a heavy price is one matter; selling it is quite another.

A Beverly Hills mansion known as "Palazzo di Amore" became America's most expensive listing after it hit the market for $195 million last year, Forbes reported.

Billionaire owner Jeff Greene later knocked $46 million off the asking price, said The Los Angeles Times.

But in the end, he yanked it off the market and announced plans to convert two acres on the property to farmland, CNBC reported.

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