January 27, 2023 Breaking News, Latest News, and Videos

Bel Air Megamansion ‘The One’ Is Finally Being Put up for Sale

$295 million asking price for infamous property

By Dolores Quintana

The One, the most famous of all the megamansions and allegedly the biggest and most over the top of them all, has finally been listed for sale at $295 million as reported by Realtor.com. In addition, the home will be part of an online auction starting in February. As quoted by Realtor.com, the listing agent Aaron Kirman of Aaron Kirman group says simply, “It’s one of a kind.” The property will also be represented in the sale by Williams and Willams agents Branden and Rayni Williams at the Beverly Hills Estates. Concierge Auctions will manage the online auction as partners to both of these agents. The bidding will be open worldwide from February 7 through February 10 unless the property is purchased before the bidding opens. It can take a while to sell such a huge property but real estate agent Rayni Williams was quoted by Realtor.com and she said,  “There’s a reason ‘The One’ is setting a new high watermark for global real estate. [It has] more flat land, coupled with the biggest views—more so than any other property previously for sale in Los Angeles.”

The One would come to a buyer completely furnished, even though it still lacks a certificate of occupancy permit and still needs to be inspected by the city for safety and code compliance before anyone can occupy the property. 

Realtor Branden Williams says, “Of California’s many world-class locales, Bel-Air continues to attract some of the world’s biggest stars, because of its reputation for the utmost residential privacy, fantastic weather, and relaxed local lifestyle.” as quoted by Realtor.com

Nile Niami is the developer who bought the property and built the megamansion, but he no longer owns it. Niami defaulted on $165 million in debts and the property is now owned by a third party as part of a receivership. 

Real estate agent Kirman said “It’s the kind of house that could never be built again.” as quoted by Realtor.com.

The megamansion spans 105,000 square feet and is double the space of the White House. It comes with the most luxurious amenities like a 64 foot indoor pool in addition to a 5000 square  master bedroom that comes with its own private pool. The home has a curated art collection, bowling alley, tennis court, and an onsite nightclub. The rooms have 26 foot ceilings and that second level comes with a two story room that can be used as an office or a library. The home has magnificent views of the entire city from its hillside location. 

The lower level has a beauty salon, juice bar, theater, gym and a 10,000 bottle wine cellar. In addition to all that, the property has a three bedroom guest house, six elevators, and a 30 car garage in addition to five outdoor pools in the yard area that is encircled by 30 foot palm trees. 

Kirman says that his office has already been contacted by billionaires who are interested in the megamansion. He says, “It’s a once-in-a-lifetime opportunity to acquire one of the finest residential sites in the world,” he says. “This really is the Mona Lisa of real estate. For those who can afford it, it’s a great opportunity.” by Realtor.com.

in News
Related Posts

Debris Washed Ashore at Santa Monica Beach

January 27, 2023

January 27, 2023

Debris Washed Ashore at Santa Monica Beach During Last Week’s Storms. @smmirrornews Debris Washed Ashore at Santa Monica Beach During...

Popular Health-Conscious Restaurant Closes Downtown Santa Monica Location

January 26, 2023

January 26, 2023

Flowerchild no longer at 1332 Second Street By Dolores Quintana A popular health-conscious restaurant has shut down its Downtown Santa...

Iconic Roscoe’s Chicken ‘n Waffles Shutters its Pico Location

January 26, 2023

January 26, 2023

LA-based chain to focus on flagship on La Brea and Washington By Dolores Quintana For everyone who loves Roscoe’s Chicken...

Santa Monica Road Rage Incident Results in Shooting and Arrests for Attempted Murder

January 25, 2023

January 25, 2023

Manuel Jaramillo-Heredia and Emilio Reyes were arrested in connection to Tuesday incident By Sam Catanzaro A road rage incident escalated...

Column – A California Positive: Kids Swarm Extra Classes

January 24, 2023

January 24, 2023

By Tom Elias It’s become a cliché, the shibboleth that California has lousy public schools and most of the kids...

New Sourdough Bagel Shop Now Open in Ocean Park

January 24, 2023

January 24, 2023

Layla’s Bagels by chef Sergio Espana (formally from Tartine and Gjusta) has opened a shop on Ocean Park. @smmirrornews New...

Westside Food Bank Struggling to Find Eggs

January 24, 2023

January 24, 2023

Avian flu outbreak and inflation have been driving these shortages Westside Food Bank is turning to alternative suppliers to try...

St. Joseph Center President & CEO Leaving Organization to Lead LAHSA

January 24, 2023

January 24, 2023

25-year veteran of St. Joseph Center will service as serve as CEO of the Los Angeles Homeless Services Authority Dr....

Michigan Man Extradited to Santa Monica for Beach Parking Lot Murder

January 24, 2023

January 24, 2023

Mohamed Abou-Arabi faces murder charges for November killing By Sam Catanzaro A Michigan man has been extradited to Santa Monica...

Million Dollar Listing To Sell Local Luxury Estate: Santa Monica Real Estate Report – January 23rd, 2023

January 23, 2023

January 23, 2023

Property, Developments, And Listings On The Westside.* Million Dollar Listing To Sell Local Luxury Estate* New Data Shows Luxury Brick...

Disbarred Attorney Sentenced to Prison for Deceiving Investors with Real Estate Scheme Involving Santa Monica, Hermosa Beach and LA Properties

January 22, 2023

January 22, 2023

Prosecutors say defendant DEREK Jones sold interests in real estate that he did not own DEREK Jones, a disbarred California...

Mold and Water Repairs to John Muir Elementary Delayed

January 21, 2023

January 21, 2023

Santa Monica-Malibu Unified School District (SMMUSD) says it expects repairs to be complete by 2025. @smmirrornews Mold and Water Repairs...

Century-Old California Craftsman Home Hits Market Steps from Santa Monica Beach

January 21, 2023

January 21, 2023

$4.4 million price tag on Vicente Ter home Nestled on a tranquil, tree-lined block of Santa Monica, mere steps from...

California Business Group Files Lawsuit Against Santa Monica Transfer Tax Initiative

January 21, 2023

January 21, 2023

California Business Roundtable files lawsuit The Transfer Tax Initiative By Dolores Quintana A California business organization has filed a lawsuit...

Market Report: Seasonal Squash

January 20, 2023

January 20, 2023

Two types of squashes currently in season at the Santa Monica Farmers Market @smmirrornews What’s in season at the Santa...