The most expensive home in the United States could go up for auction at सूची 295 million

The 105,000-square-foot mega-mansion, known as “The One,” was listed on Los Angeles’ Bell Air section for २ 295 million on Friday, making it the most expensive listing in the United States.

The property, which has been under construction for more than a decade, would be the most expensive home sold in the United States if it received the asking price – surpassing the hedge fund. Of Ken Griffin खरिद 238 million to buy an apartment in Manhattan. If it doesn’t sell out soon, “The One” will go up for auction in February and be sold to the highest bidder.

The back of the house opens into a huge lane framed by a pit-like water facility and a 400-foot-high running track just below it.

Mark Angeles

“It’s a modern masterpiece,” said Brandon Williams of the Beverly Hills Estate, who is representing the estate on the compass with Aaron Kirman of the Aaron Kirman Group. “It’s four acres on Bell Air’s hilltop, and it could never be built again.”

Along with the record setting value, “The One” also comes with a history of drama, issue and debt. It was created by Hollywood-maker-developer Nile Niami, who promoted it as “America’s Largest and Most Expensive Modern Home.”

The mansion’s foyer features a 25-foot terrace, large serpent-like sculptures, and panoramic views of downtown LA.

Joe Bryant

As costs rose, Niamey’s debt to the home exceeded 180 million. The The megamansion was placed on the receivership Last year As part of last month’s bankruptcy agreement, it was scheduled to be auctioned off on February 7.

“The One” is located on 3.8 acres and most of its houses are surrounded by aquifers.

Mark Angeles

Proponents of her case have been working to make the actual transcript of this statement available online. If it sells for less, lenders may incur losses, or the property may end up in a further criminal case.

An ideal time for LA’s luxury market

Still, lenders and brokers expect the property to come to market at an ideal time. Luxury real estate in Los Angeles is breaking records. According to Miller Samuel, before the epidemic, sales of assets worth $ 10 million or more doubled in 2021 compared to 2019, with a total of 312 sales.

The formal dining room includes up to 20 seats and a large glass wine cellar to display large format bottles.

Mark Angeles

Mark Anderson He recently set a record in California by paying $ 177 million for a compound in Malibu. Coin base CEO Brian Armstrong has paid 133 million for a modern mansion near Bell Air’s “The One”.

Brokers say interest in “The One” is already strong. Williams said he had two offers on the table – one from the Saudi royal family and the other from a wealthy Chinese buyer. “More offers are expected soon from crypto buyers looking at this house as their own space station,” he said.

Due to their large size and unusual size, megamensions are sometimes referred to as “space stations”.

Mark Angeles

“There is going to be a huge demand for this property,” he said. “The demand for American real estate is skyrocketing because the dollar is weak and people want real tangible assets.”

Kirman added that the property is more than a home – it’s a full-fledged private resort for “billionaire buyers who want an all-inclusive life.”

The ground floor includes a full-service salon equipped with shampoo stations, pedicure chairs and a hair and makeup area.

Joe Bryant

The house sits on 3.8 acres and has 21 bedrooms and 42 bathrooms. Built on a flat mountain, it has views of the Pacific Ocean, the city of Los Angeles and the San Gabriel Mountains. It has seven water facilities, including a huge ditch that runs around the property. It has a nightclub, a full-service beauty salon, a wellness spa, a 40-seat home theater, a bowling alley, a 10,000-bottle wine cellar, a 30-car garage and a 400-foot private outdoor race track.

View from the primary bedroom where retractable glass walls open onto the rapound balcony overlooking LA.

Mark Angeles

For guests or staff, it has a three-bedroom guest house with its own infinity pool.

Still, any buyer of “The One” has to deal with financial and legal issues. According to the recipient’s report and engineering study, there are many ponds and stone works in and around the house, as well as signs of mold. It has many excellent building and occupancy permits, and the local homeowners’ association is challenging its construction.

The meaghome’s 10,000-square-foot rooftop deck includes a golf green with impressive views of the city.

Joe Bryant

Niyami’s last attempt

Due to “The One” and other nearby megamansons being built, local building laws have been changed in recent years to prevent other supersized homes from being rebuilt – which brokers say only adds to the value of “The One”.

Developer Nile Niami (left) walks in during a 2017 interview with CNBC’s Robert Frank (right) while a megahome is being built on “The One”.

CNBC

Lenders continue to fight each other in bankruptcy courts over procedures and priorities. Niami weighed in with her last effort last month, releasing a video in which she hopes to turn the home into a crypto investment, selling investors a new token called “The One Coin” that will be backed by the property.

A four-lane bowling alley at the basement of the house.

Joe Bryant

“Hopefully, there’s someone who wants to shake hands with me and walk in the stratosphere,” Niami said in the video. He declined further comment, saying lenders and lawyers had rejected Niami’s plan.

Ultimately, Kirman said, the 10-year drama surrounding the home doesn’t stop buyers from visiting the property once.

Evening view of the Los Angeles Megahome.

Mark Angeles

“Its controversial history is no secret,” he said. “But when a potential buyer walks through the site, they will see the opportunity. It’s extraordinary that the past doesn’t really matter anymore.”

The auction, organized by Concierge Auctions, is scheduled to run through February 7-10. Bidders will have to wire 250,000 and show proof of funds to be eligible for bidding.

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