$295 million asking price for infamous property
By Dolores Quintana
The One, the most famous of all the megamansions and supposedly the biggest and most over-the-top of them all, has finally gone on sale for $295 million, as reported by Realtor.com. Additionally, the house will be part of an online auction starting in February. As quoted by Realtor.com, listing agent Aaron Kirman of the Aaron Kirman Group simply says, “This is one of a kind. The property will also be represented in the sale by agents Williams and Willams Branden and Rayni Williams at the Beverly Hills Estates. Concierge Auctions will manage the online auction as a partner of these two agents. Auctions will be open worldwide from February 7 to February 10, unless the property is purchased before the auction opens. It can take a while to sell such a huge property, but realtor Rayni Williams was quoted by Realtor.com and she said, “There’s a reason ‘The One’ sets a new high watermark for global real estate. [It has] flatter land, coupled with the greatest views, more than any other property previously for sale in Los Angeles.
The One is reportedly coming to a fully furnished buyer, although it still does not have an occupancy license certificate and still needs to be inspected by the city for safety and code compliance before anyone can occupy the property.
Realtor Branden Williams said, “Of California’s many world-class locations, Bel-Air continues to attract some of the world’s biggest stars, due to its reputation for residential privacy, fantastic weather and relaxed local lifestyle.” as quoted by Realtor.com
Nile Niami is the developer who bought the property and built the megamansion, but he no longer owns it. Niami defaulted on $165 million in debt and the property is now owned by a third party in a receivership.
Estate agent Kirman said, “This is the kind of house that could never be built again.” as quoted by Realtor.com.
The megamansion spans 105,000 square feet and is twice the space of the White House. It comes with the most luxurious amenities like a 64-foot indoor pool in addition to a 5,000 square meter master bedroom that comes with its own private plunge pool. The house has a curated art collection, a bowling alley, a tennis court and an on-site nightclub. The rooms have 26-foot ceilings and this second level includes a two-story room that can be used as an office or a library. The house has a wonderful view of the whole city from its hillside location.
The lower level includes a beauty salon, juice bar, theatre, gym and 10,000 bottle wine cellar. On top of all that, the property has a three-bedroom guest house, six elevators, and a 30-car garage in addition to five outdoor pools in the courtyard surrounded by 30-foot palm trees.
Kirman says his office has already been contacted by billionaires interested in the megamansion. He says: “This is a unique opportunity to acquire one of the finest residential sites in the world,” he says. “This is truly the Mona Lisa of real estate. For those who can afford it, this is a great opportunity. by Realtor.com.