Complete with a 400 guest ballroom.

One of Western Australia’s most opulent homes just took a price cut so, if you were looking to purchase a pretty epic place in Perth, this could be your shot. Though $43 million is no small sum, veteran real estate agent Willie Porteous says "it’s a steal". 

The Dalkeith property was originally priced at $50 million but has recently been reduced due to price drops in the Perth housing market. It’s been owned by a string of mining magnates and was once the home of larger-than-life businessman Alan Bond.

The home allegedly last changed hands in 2011 for $39 million but agent Willie Porteous claims the four-storey home's value has skyrocketed by millions since then following extensive renovations. 

These renovations have left the home with six bedrooms, a grand ballroom that can accommodate about 400 guests, 14 bathrooms, parking space for 12 cars, a 21-seat cinema, a games room, a gym, sauna, squash court and tennis court. The massive swimming pool has a 12-seater swim-up bar and spa, while two kitchens complement a teppanyaki house, a commercial bar and a 10,000 bottle cellar with its own dining area.

To sweeten the deal, most of the furniture was custom-made and is included in the price