(TDB) - The complex, priced at $195 million, is based in Beverly Hills, and boasts famous neighbours such as film director Ridley Scott and publisher Hugh Hefner, whose Playboy mansion is just a mile away.

The California property, named the Palazzo di Amore, contains a wine cellar with a 10,000 bottle capacity, as well as its own vineyard set within 25 acres of landscaped grounds, including parking for 150 cars.

The buyer will also take on a 50-seat cinema, a revolving dance floor, a Turkish spa, along with a 35,000 square foot house with its own lift and dining table designed to seat up to 250 guests.

According to The Telegraph, the estate has been put on the market by current owner Jeff Greene, an American billionaire property developer, who bought the property for $35m in 2007, and has been renting the place for $475,000 per month.

If the Palace of Love managed to achieve its $195 million asking price it would become America’s priciest property, beating an 18-acre Hamptons estate which was sold to an unknown buyer earlier this year for $145 million.

Pictures of the estate can be seen over the following pages, courtesy of palazzodiamoreestate.com