The popular mansion located in Montecito, California has finally been sold after a huge price drop of $23 million. The palatial mansion was used as a fictional residence of "Tony Montana," the on-screen character role of actor Al Pacino based in the 1983 film, "Scarface." The "Scarface" mansion was placed on the market for 17 months and sale has just been closed, a report from Triblive said on Monday.

"Known locally as El Fureidis (Tropical Paradise), the estate with its exotic Mediterranean-style villa and Persian gardens was a favorite Southern California postcard souvenir in the early 1900s and home to several species of rare palm trees. It was designed by Bertram Goodhue. The barreled dining room ceiling is also finished in gold leaf and depicts a scene of Alexander the Great conquering Persepolis. The mansion has four bedrooms, nine bathrooms, a library, sitting room and a lounge. A large rooftop terrace provides 360-degree views of the Pacific Ocean, mountains and Channel Islands. Because of the mild climate, the multiple terraces of the estate can be used year-round," the report said.

The "Scarface" mansion was designed by Bertram Goodhue and owned by James Waldron Gillespie who is a rich man from New York. Both Goodhue and Gillespie have added "Persian touches of gardens, fountains and accents, including a Byzantine-style sitting room with an 18-foot domed ceiling decorated with a floral hand-painted, gold and blue design in 24k gold-leaf modeled after the church of St. John Lateran in Rome."

"The mansion is still just as beautiful as you remember from the movie. It has been renovated recently, so it's possibly even more beautiful. Emily Kellenberger of Village Properties has the listing," Business Insider said.  It can be recalled that Sergey Grishin, a wealthy Russian financier bought the Montecito property back in 2008 for $20 million.  The estate was finally sold for $12.26 million, which reportedly Grishin lose more than $7.7 million on the sale.