How much did the Bel-Air mansion sell for?
But this Bel-Air behemoth, which once aimed to hit the market for a record $500 million, sold at a no-reserve auction Thursday for $126 million — or about $141 million when including the premium — according to a release from Concierge Auctions, which handled the sale.
What happened to the one house in Bel Air?
After years of construction, a foreclosure and a bankruptcy, the Bel-Air mega-mansion known as ‘The One’ has been sold. The mega-mansion known as “The One” sold Thursday for $126 million at a bankruptcy auction. That’s a huge discount from its $295-million listing price, even with a 12% auction fee bringing the total to about $141 million.
How many bedrooms are in the Big House in Bel Air?
Nearly a decade in the making, the home sits atop a hill in Bel Air, with views of the Los Angeles basin. The colossal home features 20 bedrooms, including eight bedrooms for the staff and a three-bedroom guest house, approximately 6 elevators, a library, cigar room and candy room, according to a two-part home tour posted on YouTube in April.
How much will a buyer pay for this Los Angeles megamansion?
An outsized megamansion in Los Angeles has finally landed on the market. But how much will a buyer be willing to pay for this behemoth? Known as “The One,” the Bel-Air estate is to be listed for $295 million.
Who owns the biggest house in Bel-Air California?
The buyer of the Bel-Air mega mansion dubbed 'The One' has been revealed to be none other than Fashion Nova CEO Richard Saghian days after the estate sold well below its asking price at auction.
Who owns the mega mansion in California?
Richard Saghian, owner of fast-fashion juggernaut Fashion Nova, was the winning bidder who spent $141 million to buy “The One” mega-mansion, he confirmed to The Times.
Is the one Bel-Air mansion sold?
The ultra-luxurious 105,000-sq-ft Bel Air home, more commonly known as “The One,” was originally listed for $295M. But it sold on Thursday for $126M plus closing costs and premiums, bringing the total price just over $141M.
Who owns the 550 million dollar house?
Nile Niami (born February 25, 1968) is an American Indian former film producer turned real estate developer, who has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. Los Angeles, California, U.S.
Who owns the $500 million dollar house?
Richard Saghian, owner of the fast-fashion business Fashion Nova, has emerged as the winning bidder of the Los Angeles mansion known as “The One.”
Who owns the most expensive mansion in California?
Marc Andreesen just set a record in California after he paid $177 million for a compound in Malibu, while Coinbase CEO Brian Armstrong paid $133 million for a modern mansion, located near “The One” in Bel Air.
Who has the biggest house in Hollywood?
Largest houses by floor spaceRankSquare footage (Square meterage)Private owner (birthplace)1120,000 square feet (11,000 m2)Nile Niami255,005 square feet (5,110.1 m2)Petra Eccleston351,000 square feet (4,700 m2)John Brady (Bosnia and Herzegovina)449,300 square feet (4,580 m2)Anthony Pritzker (United States)12 more rows
Who has the biggest house in America?
The Biltmore CompanyLargest housesRankAreaOwner1178,926 sq ft (16,622.8 m2)The Biltmore Company2109,000 sq ft (10,100 m2)Gary Melius3105,000 sq ft (9,800 m2)Richard Saghian4100,000 sq ft (9,300 m2)(demolished in 1980)47 more rows
Who built the 295 million dollar house?
producer Nile NiamiThe $295 million mega-mansion, dubbed "The One," was built by ex-movie producer Nile Niami as the nation's largest and most expensive private residence. The 105,000 square-foot estate is expected to hit the auction block at the end of February.
What is the richest house in America?
“The One” is the most expensive house in the US Located in the Bel-Air neighborhood of Los Angeles, “The One” is on the market with a $295 million asking price. This 105,000-square-foot megamansion is the most expensive home ever. This is for the whole country, not just Los Angeles.
Who bought the one Bel Air mansion?
Richard SaghianRichard Saghian bought The One.
What is the biggest mansion in the world?
Istana Nurul Iman PalaceIstana Nurul Iman Palace, Brunei With 1,788 rooms, a mosque and 257 bathrooms, Istana Nurul Iman Palace is the biggest mansion in the world. Also known as The Light of Faith Palace, it was designed by Leonardo Locsin.
Who bought the La mansion?
Richard SaghianRichard Saghian bought The One.
What is the biggest house in California?
Largest houses by floor spaceRankSquare footage (Square meterage)Name1120,000 square feet (11,000 m2)The One255,005 square feet (5,110.1 m2)The Manor at Holmby Hills351,000 square feet (4,700 m2)Hacienda De La Paz449,300 square feet (4,580 m2)The Pritzker Estate12 more rows
Did the 500 million dollar house get sold?
Mega mansion flop: hyped LA home sells for less than half its $500m asking price. A Bel Air mega mansion marketed as “America's most expensive residence” sold in a bankruptcy auction on Thursday with a winning bid of $126m, a fraction of its reported original asking price of half a billion dollars.
What is the most expensive house sold in California?
The One — a Bel Air, California, home that was listed at $295 million and marketed as the largest residence in America — has been sold in an auction for $141 million.
10 years in the making
The real estate developer Nile Niami bought the coveted parcel of land in 2012 for $28 million. He then commissioned the custom spec home, with a proposed price tag of half a billion dollars. A decade in the making, the structure’s construction process required some 600 workers.
Bel-Air behemoth
Needless to say, the sheer square footage—almost twice the size of the White House—is a lot of interior space to decorate. But the price tag delivers the place completely furnished, with ultraluxe amenities, such as a curated art collection, a 64-foot indoor pool, as well as outdoor pools, a tennis court, bowling alley, and even a nightclub.
How much did Niami borrow from Hankey?
Niami borrowed $82.5 million from Hankey Capital in 2018 to continue building the home. But in March of this year, Hankey served a notice of default sending the property toward a foreclosure sale. Niami had 90 days to pay or renegotiate the debt, which had grown to more than $110 million, according to court documents.
Is it clear what price the one will be?
It is not clear at what price "The One" will ultimately be listed, or when it will come to market.
Can a gas company provide service when building a home?
Some items Lanes outlined are fairly typical final details when building a home -- the gas company won't provide service until there is a certificate of occupancy issued, for instance. But others are particular to the property: the permit to build a commercial-grade catering kitchen was denied and that space remains empty.
Is Niami being sued?
And Niami is being sued by other creditors looking to get their money. Real estate firm Compass is suing for non payment of a $200,000 loan he took out while trying to sell a different home in Bel Air, according to court documents.
