‘The One’ Megamansion Heads to Market in Los Angeles for $295 Million, Vying for a U.S. Price Record

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The giant megamansion known as The One in the Bel Air area of ​​Los Angeles will be listed for sale next week with a $295 million price tag – putting it in the running for the most expensive home ever sold in America. Will go

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The formal listing of the 105,000-square-foot home comes a month later ahead of the February auction concierge auction, in collaboration with real estate agents Aaron Kirman of Compass and Brandon and Renee Williams of The Beverly Hills Estates, the agents announced in a news release Wednesday.

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“While in 2021, digital assets like NFTs made headlines for monumental one-of-a-kind sales, 2022 brings us back to the physical world with The One – a real estate asset unmatched in size, scale, security and winning design, ” Mr. Kirman said in the release.

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Developed by 53-year-old filmmaker-turned-developer Neil Niamey nearly 10 years ago, The One is 3.8 acres surrounded by a water ditch on three sides and offers panoramic views of the Pacific Ocean, downtown Los Angeles and the San Gabriel Mountains. , According to agents, it has five pools, a sprawling nightclub, a full-service beauty salon, a wellness spa, a 10,000-square-foot sky deck, and seating for more than 40 people. In the midst of a boom in home fitness, the Megamansion also features a 400-foot private outdoor running track with glass walls overlooking the city.

Other exceptional amenities include a three-bedroom guest house with floor-to-ceiling windows, a four-lane bowling alley, a putting green, a tennis court, a 10,000-bottle wine cellar, and a 30-plus car garage.

Ahead of the mega-project’s scheduled closing this year, it was embroiled in a legal battle between lenders including Hankey Capital and Lens Management, and Niamey-related limited liability company, Krestloyd.

Crestloid LLC, which the lenders accused of defaulting on the loan, filed for bankruptcy In October to protect the property from foreclosure. And a Los Angeles court appointed Ted Lens of Lens Management as receiver, authorized to prepare the property for sale.

Once valued at $500 million, the property will be listed on January 7 for $295 million, making it likely to be the most expensive home on the market in the US. If it does not sell on the open market, it will be auctioned from February. Will go , 7-10 with no reserve—meaning it will sell to the highest bidder.

If it were sold before or at auction, close to its listing price, it would set a record not only for Los Angeles, but for the US, exceeded $238 million Billionaire hedge fund manager Ken Griffin paid for a New York City condo in early 2019.

This article originally appeared on Haveli Global.

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