See inside the biggest modern home in the US, a 105,000-square-foot Los Angeles megamansion that sold for $126 million to Fashion Nova's billionaire CEO
An aerial view of "The One Bel Air", a 105,000-square-foot mansion with a sky deck and putting green, night club, several swimming pools, a 50-seat theater, a four-lane bowling alley and more by Nile Niami of Skyline Development and designed by Paul McClean (McClean Design). The One is shown by court-appointed receiver Ted Lanes, who now controls the property and is in charge of finding a buyer and paying off the lenders and other creditors, gives a tour of The One, the 105,000 square foot house on sale in Bel Air. This is apparently the largest home for sale in the United States. The developer Nial Niami "listed" it for $500 million but got into financial trouble and was foreclosed upon by Don Hankey. Photo taken in Bel Air on Wednesday, Sept. 8, 2021 in Beverly Hills, CA. (Allen J. Schaben / Los Angeles Times via Getty Images)
Allen J. Schaben / Los Angeles Times via Getty Images
The One Bel Air is a 105,000-square-foot megamansion said to be the biggest modern home in the US.
It sold for $141 million, including fees and commission, to the billionaire CEO of Fashion Nova — far from the $500 million its developer originally hoped to fetch.
Take a look inside the home, which boasts 21 bedrooms, 42 bathrooms, a 10,000-square-foot sky deck, and more.
Behold: A sprawling Los Angeles megamansion believed to be the biggest modern home in the US.
Marc Angeles
The property is known as The One Bel Air, and it fetched $126 million at auction last year.
Marc Angeles
It was listed on Concierge Auctions from February 28 to March 3, 2022.
Joe Bryant
The auction site called the 105,000-square-foot home "America's most expensive and largest residence."
Joe Bryant
The property, which is 10 years in the making, comes from film producer-turned-real estate developer Nile Niami.
Allen J. Schaben / Los Angeles Times via Getty Images
Niami initially hoped to sell it for a whopping $500 million, which would have made it one of the most expensive homes in the world.
Allen J. Schaben / Los Angeles Times via Getty Images
But the home was beset with several delays, construction challenges, and cost overruns. In 2021, it was placed into a court-ordered receivership and later put into bankruptcy.
Allen J. Schaben / Los Angeles Times via Getty Images
It listed for $295 million in January 2022, making it the most expensive home for sale in the US at the time, though it marked a sharp discount from the $500 million Niami hoped to get for the home.
Marc Angeles
When no buyers bit, the home went into bankruptcy auction. Though the top bid for the home was $126 million, the auction premium and commission fees brought the total closer to $141 million.
Allen J. Schaben / Los Angeles Times via Getty Images
The bidder? Fashion Nova's billionaire CEO, Richard Saghian.
Rich Fury/Getty Images
Source: Business Insider
Concierge Auctions said the sale was "more than double the highest US sale at auction and nearly 50% higher than the world record."
Allen J. Schaben / Los Angeles Times via Getty Images
Here's a closer look at what Saghian got for his $141 million splurge:
Allen J. Schaben / Los Angeles Times via Getty Images
In the mansion's sprawling yard, you'll find a sculpture from Italian glass maker Simone Cenedese.
Allen J. Schaben / Los Angeles Times via Getty Images
Here's the main entrance to the property.
Allen J. Schaben / Los Angeles Times via Getty Images
Inside, the mansion's foyer has a rotating sculpture and floor-to-ceiling windows, which make for a pretty great view at day...
Allen J. Schaben / Los Angeles Times via Getty Images
...or night.
Joe Bryant
The One boasts 21 bedrooms, 42 bathrooms, and seven half-bathrooms.
Marc Angeles
Like the foyer, many rooms have expansive views of Los Angeles, like this one...
Marc Angeles
...and this one.
Marc Angeles
You'll find a 10,000-bottle wine cellar in the dining room.
Marc Angeles
There's plenty of space to lounge around in the family living room.
Allen J. Schaben / Los Angeles Times via Getty Images
There are several rooms devoted to R&R.
Joe Bryant
For some pampering, there's a full-service beauty salon and wellness spa.
Allen J. Schaben / Los Angeles Times via Getty Images
The salon is one of the more vibrantly colored rooms in the mansion, with glossy red walls.
Allen J. Schaben / Los Angeles Times via Getty Images
There's an entertainment room for activities like playing billiards.
Joe Bryant
The mansion also boasts its own bar and cigar lounge.
Allen J. Schaben / Los Angeles Times via Getty Images
Here's the bar up close.
Joe Bryant
In the next room over, there's a private bowling alley.
Allen J. Schaben / Los Angeles Times via Getty Images
It has four lanes, several shelves of bowling shoes at the ready, and bowling balls oddly evocative of Trix cereal.
Allen J. Schaben / Los Angeles Times via Getty Images
There's also a private nightclub on the premises...
Allen J. Schaben / Los Angeles Times via Getty Images
...as well as a private movie theater.
Allen J. Schaben / Los Angeles Times via Getty Images
The One's 4,000-square-foot master bedroom has a walk-in closet with plenty of space for clothes, shoes, and accessories.
Allen J. Schaben / Los Angeles Times via Getty Images
Saghian will have room for plenty of books...
Allen J. Schaben / Los Angeles Times via Getty Images
...in a two-story room that can function as either a library or office and boasts its own balcony.
Joe Bryant
The literal candy bar is a child's paradise.
Joe Bryant
Five swimming pools dot the property.
Allen J. Schaben / Los Angeles Times via Getty Images
There are a few outdoors, one of which is on the rooftop of a 4,000-square-foot bedroom...
Allen J. Schaben / Los Angeles Times via Getty Images
...while the other is above the private nightclub.
Allen J. Schaben / Los Angeles Times via Getty Images
Another pool functions as a floating lounge.
Allen J. Schaben / Los Angeles Times via Getty Images
Inside, there's a pool in a room with a living wall and a mirror on the ceiling.
Allen J. Schaben / Los Angeles Times via Getty Images
It's located near an exercise room...
Marc Angeles
...and a juice bar.
Joe Bryant
Though the home was built in the last decade, it has taken a cue from the construction of centuries past with a moat surrounding three sides of the property.
Allen J. Schaben / Los Angeles Times via Getty Images
Visitors to the mansion can have the guest house to themselves.
Allen J. Schaben / Los Angeles Times via Getty Images
The guest house also has floor-to-ceiling windows...
Allen J. Schaben / Los Angeles Times via Getty Images
...and three bedrooms on its own. An interior view of three-bedroom guest house at The One Bel Air, a 105,000-square-foot mansion with a sky deck and putting green, night club, several swimming pools, a 50-seat theater, a four-lane bowling alley and more by Nile Niami of Skyline Development and designed by Paul McClean (McClean Design). The One is shown by court-appointed receiver Ted Lanes, who now controls the property and is in charge of finding a buyer and paying off the lenders and other creditors, gives a tour of The One, the 105,000 square foot house on sale in Bel Air. This is apparently the largest home for sale in the United States. The developer Nial Niami "listed" it for $500 million but got into financial trouble and was foreclosed upon by Don Hankey. Photo taken in Bel Air on Wednesday, Sept. 8, 2021 in Beverly Hills, CA. (Allen J. Schaben / Los Angeles Times via Getty Images)
Allen J. Schaben / Los Angeles Times via Getty Images
Outside again, the mansion has its own glass-walled jogging court, tennis court, and this putting green.
Joe Bryant
The home's other features include a 30-car garage, six elevators, and of course close proximity to Rodeo Drive, Beverly Hills, and downtown Los Angeles.
Douglas Friedman
Less than a year after buying The One, Saghian has scooped up another pricey property in California.
Steve Granitz/WireImage/Getty Images
He paid $40 million in an all-cash deal for a 6,000-square-foot beachfront home in an exclusive Malibu area known as "Billionaire's Beach," The Real Deal reported Thursday.
As for The One, it still holds the title of biggest modern US home. Given its auction, however, it obviously no longer has the record for the most expensive home for sale in the US.
Cody Boone, SERHANT Studios
Currently, that record belongs to a $250 million penthouse in New York City called The One Above All Else. At 1,416 feet above the city, the penthouse is also the world's tallest residence.
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By: [email protected] (Sarah Jackson) Title: See inside the biggest modern home in the US, a 105,000-square-foot Los Angeles megamansion that sold for $126 million to Fashion Nova's billionaire CEO Sourced From: www.businessinsider.com/photos-225-million-mansion-the-one-biggest-modern-home-us-2021-9 Published Date: Fri, 06 Jan 2023 18:55:00 +0000
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