“The One” Mansion in Bel-Air For Sale At US$295 Million
After being embroiled in legal issues and defaulting on loans, “The One” in Bel-Air is back on the market.
The massive Bel-Air mansion known as “The One” will be up for auction next month with a price tag of US$295 million — which could make it the most expensive house ever sold in the US. The gigantic home was originally expected to list for around US$500 million.
The auction is being held by Concierge Auctions, in collaboration with real estate agents, Aaron Kirman of Compass and Branden and Rayni Williams of The Beverly Hills Estates as stated in a news release.
“While in 2021, digital properties like NFTs grabbed headlines for monumental one-of-kind sales, 2022 brings us back to the physical world with The One — a real estate property unmatched in size, scale, safety and triumphant design,” Kirman said.
The mansion was developed by Nile Niami nearly 10 years ago. “The One” sits on 3.8 acres and boasts panoramic views of the Pacific Ocean, downtown Los Angeles and the San Gabriel mountains. It has a whopping five pools, a nightclub, a full-service beauty salon, a wellness spa, a 10,000 square-foot sky deck and a 40-seater Dolby Digital home theatre. For the fitness junkies, there’s a 400-foot private glass-encased running track, providing you views of the city.
- READ MORE: Two Stunning Malibu and Miami Mansions
Other features include a three-bedroom guest house with floor-to-ceiling windows, a bowling alley, a tennis court, a 10,000-bottle wine cellar, and a garage to fit 30 cars.
Niami had borrowed and spent tens of thousands to bring this extravagant home to life over the years, and as of today, it is still unfinished. It has racked up more than US$165 million in loans and debts and “The One” has been placed into receivership by the Los Angeles County Superior Court.
The property will be listed on January 7, and if it doesn’t sell on the open market, it will be auctioned off a month later in February without reserve — meaning it will go to the highest bidder. Bidding will take place via Concierge Auctions’ online marketplace.
Also in California, this Calabasas mansion known as the “French Chateau” is up for grabs. The 16,500 square-foot estate is listed at a price of US$32 million offers seven bedrooms and ten baths, luscious gardens, and also some star-studded neighbours — including Kourtney Kardashian, Drake, Justin Bieber, and Miley Cyrus.
For more property reads, click here.