The price of the most expensive house in the US, Palazzo di Amore, has been slashed by $50 million.

Developed by Mohamed Hadid, the house, which is now priced at 145 million dollars, sits on 25 acres land in Beverly Hills, California and is spread over a 35,000 square feet, TMZ.com reports.

Owned by billionaire Jeff Greene, the house has 12 bedrooms including a 5,000-square foot master suite, a pool fountain, spa, and a tennis court.