Most expensive home in America listed for $295M ahead of bankruptcy auction
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By Kelli Dugan, Cox Media Group National Content Desk
LOS ANGELES — An opulent, yet unfinished, 105,000-square-foot megamansion in Los Angeles’ tony Bel Air section listed Friday for $295 million, making it the most expensive residential listing in America.
“It’s a modern masterpiece,” Branden Williams, of The Beverly Hills Estates, which is representing the property along with Aaron Kirman of Aaron Kirman Group at Compass, told CNBC. “It’s four acres at the top of a mountain in Bel Air, and it can never be built again.”
Built by Hollywood-producer-turned-developer Nile Niami, “The One” was promoted as the “biggest and most expensive modern home in America,” with an eventual asking price of $500 million. The megamansion was placed into receivership in 2021, however, after Niami’s debt on the project eclipsed $180 million, and a bankruptcy agreement struck in December scheduled the property to be sold at auction, beginning Feb. 7, the network reported.
Dubbed “The One,” the sprawling compound also carries a history of drama, lawsuits and debt, according to CNBC.
The three-day auction is being conducted by Concierge Auctions, CNN reported.
In addition to 360-degree ocean and alpine views, as well as ones of downtown Los Angeles, “The One” also boasts a 21 bedrooms, 42 bathrooms, a nightclub, salon, spa, 10,000-square-foot sky deck, private running track, movie theater, bowling alley, 10,000-bottle wine cellar and five pools, including an infinity-edged moat, the network reported.
Should “The One” sell for its actual asking price, a rarity, the transaction would surpass hedge-funder Ken Griffin’s $238 million purchase of an apartment in Manhattan as the most expensive home ever sold in the United States, CNBC reported.
The One he sprawling megamansion was designed by Paul McClean, whose residences have been home to major celebrities. (Marc Angeles/Unlimited Style Real Estate Photography)
The One The megamansion's view of Los Angeles at dusk. (Marc Angeles/Marc Angeles/Unlimited Style Real Estate Photography)
The One The four-lane bowling alley on the home’s subterranean level. (Joe Bryant/Joe Bryant / Aaron Kirman Group)
The One “The One” is situated on 3.8 acres with much of the residence surrounded by a moat-like water feature. (Marc Angeles/Marc Angeles/Unlimited Style Real Estate Photography)
The One The formal dining room includes seating for 20 and an over-sized glass wine cellar for displaying large-format bottles. (Marc Angeles/Marc Angeles/Unlimited Style Real Estate Photography)
The One The mansion’s foyer includes 25-foot ceilings, a large serpent-like sculpture and panoramic views of downtown Los Angeles. (Joe Bryant/Joe Bryant / Aaron Kirman Group)
The One The rear of the megamansion opens to a massive lawn framed by a moat-like water feature and a 400-foot running track just below it. (Marc Angeles/Marc Angeles/Unlimited Style Real Estate Photography)
The One Amenities include a salon, spa, nightclub, running track, movie theater, and five pools, including an infinity-edged moat. (Joe Bryant/Joe Bryant / Aaron Kirman Group)
The One The meagmansion's 10,000 sq. ft. roof deck includes a golf green with impressive views of downtown. (Joe Bryant/Joe Bryant / Aaron Kirman Group.)
The One The megamansion is sometimes referred to as “the space station” because of its massive size and unusual shape. (Marc Angeles/Marc Angeles)
The One The view from the primary bedroom where retractable glass walls open to a wraparound balcony overlooking Los Angeles. (Marc Angeles /Marc Angeles/Unlimited Style Real Estate Photography)
The One "The One" sits on an elevated 3.8 acres in Bel Air. Credit: (Marc Angeles /Marc Angeles/Unlimited Style Real Estate Photography)
The One Originally valued at $500 million, "The One" listed Friday, Jan. 7, 2022, for $295 million. ( Douglas Friedman/Douglas Friedman)