One of the world’s largest homes is set to hit the auction block in early February, amid bankruptcy proceedings, asking $295 million. Known since its inception by colorful and controversial developer Nile Niami simply as “The One,” the monstrous and still-incomplete Los Angeles structure is 10 years in the making. Originally, the place had been expected to list for around $500 million, so you could be scoring a sweet deal, depending on how one looks at it. Ahem.
Should the place get anywhere near the discounted ask, it will easily rank as the most expensive home ever sold at auction, well ahead of the storied Hearst Estate (now known as the Beverly House), which was auctioned off in September for $63.1 million.
Per Aaron Kirman of Compass, who is co-listing the property with Branden Williams and Rayni Williams of The Beverly Hills Estates, The One was created for today’s billionaire seeking a one-of-a-kind asset.
Should the place get anywhere near the discounted ask, it will easily rank as the most expensive home ever sold at auction, well ahead of the storied Hearst Estate (now known as the Beverly House), which was auctioned off in September for $63.1 million.
Per Aaron Kirman of Compass, who is co-listing the property with Branden Williams and Rayni Williams of The Beverly Hills Estates, The One was created for today’s billionaire seeking a one-of-a-kind asset.
- 1/4/2022
- by Wendy Bowman, Dirt.com
- The Hollywood Reporter - Movie News
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.