From around world, the affluent toured this California megamansion. It sold for $141M
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.
That’s a $154 million discount.
“After a competitive field of bidder activity, the auction closed on March 3 at a price more than double the highest U.S sale at auction and nearly 50% higher than the world record,” Concierge Auctions wrote about the property. “When closed, the sale will mark Concierge Auctions’ fifth World Record for the highest price ever achieved for a residence at auction.”
More than 40 potential buyers toured the property, according to Forbes.
“We secured a strong field of global interest from America to Europe, Asia, and The Middle East, doing exactly what we do best—finding the most affluent buyers from every pocket of the world,” said Chad Roffers, president of Concierge Auctions. “We’re thrilled to have broken our own previous including representatives of Middle Eastern royalty, Asian high-net-worth families and U.S. tech titans.”
Aaron Kirman of Compass and Branden and Rayni Williams of Williams & Williams at The Beverly Hills Estates represented the property in cooperation with Concierge Auctions.
The $141 million selling price included a 12% auction fee.
The mammoth house comes with 21 bedrooms, 49 bathrooms, five pools, six elevators and a 20-car garage, according to the auction website. To put its 105,000-square-foot living space in perspective, a football field, including the end zones, measures 57,600 square feet. The estate sits on 3.8 acres.
The home is filled with architectural amenities, such as a rotating custom statue in the grand foyer by Mike Fields, a custom sculpture from Italian glass artist Simone Cenedese, 26-foot ceilings; a 5,000-square-foot primary suite with private pool, a two-story library with a balcony and a nightclub with a VIP area.
That’s certainly not all that makes the property grand.
“There’s a reason ‘The One’ is setting a new high watermark for global real estate,” Rayni Williams told realtor.com. “(It has) more flat land, coupled with the biggest views—more so than any other property previously for sale in Los Angeles.”
“Coveted Bel Air is famous for its star-studded residents and spectacular homes,” the auction listing states. “Even within a neighborhood where multi-million-dollar estates are the norm, The One drips in luxury beyond comparison. Luscious greenery and stunning architecture throughout Bel Air’s winding roads create a true oasis under the sunny California sky.
“This 105,000-square-foot work of art appears to float above the very city of Los Angeles itself, elevated for maximum panoramic views and surrounded on three sides with a shimmering moat of water,” the listing continues.
The home has been 10 years in the making. The One was built by developer Nile Niami. Recently completed, the mansion has never been lived in and was placed into Chapter 11 bankruptcy protection in October, according to the Los Angeles Times.
The identity of the top bidder hasn’t been made available. The sale is pending until approval by a bankruptcy court judge.
This story was originally published March 4, 2022 at 10:07 AM.
