The 49-hectare Bellagio La Villa reportedly boasts 10 bedrooms and ensuites, a heated indoor swimming pool, two horse stables, a car park, a cinema and a separate caretaker's cottage.
Billionaire Riyu Li is said to have listed the property in January after plans to turn it into a resort were declined. He reportedly bought the home in 2014 for $7.2 million and spent millions renovating it.
The actor is slated to film Ticket to Paradise in Australia with Julia Roberts. The pair will play a divorced couple traveling to Bali to stop their daughter, who will be played by Kaitlyn Dever, from getting married. However, the two-month shoot will remain in Australia with the Palm Bay Resort on Long Island reportedly being used for the scenes set in Bali.
According to The Sydney Morning Herald, Clooney, Amal and their twins, Ella and Alexander, will arrive in Australia later this month. The family is also said to be hoping to bring their pets along with them, including their cocker spaniel Louie and their basset hound Millie. The Gravity star will reportedly quarantine in a hotel for two weeks before filming begins in November.
The family will reportedly jet out on a private plane.
Roberts is believed to arrive in Australia around the same time as the Ocean's Eleven star.
The flick will be directed by Ol Parker and produced by Tim Bevan and Eric Fellner of Working Title Film.
In March, Australia's federal Communications Minister Paul Fletcher revealed that the movie would create more than 270 jobs and generate $47 million for the local economy.