It carries a discounted asking price of $295 million. While that’s a far cry from the original asking price of $500 million, the 105,000-square-foot Bel-Air mega-mansion known as “the One” is all set to become the most expensive home ever sold in the US.
Next month, the One will be sold in a super-high-profile, no reserve, global online auction. Did I mention there’s no reserve?
“The auction is really a call to action; a way of letting everyone know that ‘the One’ is finally for sale, and will be sold to the highest bidder.” – Aaron Kirman, listing broker
To achieve that coveted “most expensive” award, the One has to sell for more than the $238 million that billionaire Ken Griffin spent for the penthouse condo at 220 Central Park South in 2019.
The One was the dream child of Hollywood film producer turned real estate developer, Nile Niami. He wanted to build the most expensive home in the urban world, and the project basically bankrupted him. The bank took procession of the One and now it’s up for auction.
The winning bidder will get an astonishing 105,000 square feet (twice the size of the White House) property perched on a 3.8-acre hilltop, with 360-degree views of the Pacific Ocean, downtown LA and the San Gabriel Mountains.
What the One offers in true, mind-blowing abundance are some of the most luxurious, over-the-top amenities ever created in a private residence. Like the 42 bathrooms and 21 bedrooms, one of which is the 5,000-square-foot master suite with massive walk-in closets, adjoining two-story office and private pool. If 21 bedrooms aren’t quite enough to accommodate all your friends and family, there’s a 4,000-square-foot, three-bedroom guest house close by.
Amenities include a 10,000-square-foot party-central skydeck with its own putting green. There’s a four-lane bowling alley, a 64-foot-long indoor swimming pool, a wellness center with a vast gym, a full-service hair and beauty salon and a juice bar. A cineplex-sized movie theater with seats for 40. Then there’s the wine cellar with racks for 10,000 bottles, plus a cigar lounge. If you want to dance the night away with friends and family, there’s a nightclub complete with its own DJ booth. For more formal gatherings, there’s the “philanthropy wing” for holding fund-raisers and charity galas for up to 200 people.
To show-off your collection of supercars there’s a garage big enough for 30 cars, plus a two-car display turntable for that matching pair of his and her Rolls-Royce.
“With the current zoning restrictions, no one could ever build a home of this size in Los Angeles ever again. It is truly unique, not only because of its size, but because it sits on the very best promontory in LA, and in Bel-Air, which is arguably the world’s most exclusive neighborhood.” – Aaron Kirman, listing broker
Want to take a shot at bidding? You will need to put up a $250,000 bidder deposit, and the high bid is subject to court approval. The online auction is set for February 7-10. Good luck!