Deeply ‘discounted’ $295-million California mega mansion heads for auction – National

An amazing mega mansion located in one of America’s fanciest zip codes is about to be auctioned off and could make a steal – relatively speaking.

The estate, simply named “The One,” was once valued at US $ 500 million and held title to the most expensive house to sell in the United States.

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Now, the Bel Air, California estate will be listed for $ 295 million and head for an online auction in February, Realtor.com reports.

Courtesy of Marc Angeles.

Courtesy of Marc Angeles

With 105,000 square feet of living space, the home includes 21 bedrooms and 49 bathrooms (but only 42 of the bathrooms are full bathrooms, for the record).

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Three sides of the house are surrounded by a river-sized ditch, which doubles as a swimming pool, in case you want to take a break in the house’s 64-foot indoor pool.

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There’s also a 30-car garage, with a two-car turntable, as well as a 10,000-square-foot party deck and putting green.

The house has a tennis court, bowling alley, juice bar, lounge, spa, running track, 40-seat cinema and nightclub.

Courtesy of Marc Angeles.

Courtesy of Marc Angeles

And you could fit two full-size houses inside the 5,500 square foot master bedroom.

If you’re feeling very generous on any given day, you can head to the home’s “philanthropy wing”, which includes spaces to host fundraisers and a gala ballroom that can accommodate 200 people.

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Courtesy of Marc Angeles.

Courtesy of Marc Angeles

And if those features aren’t incentive enough, all the furniture and a huge (very expensive) art collection are included for the highest bidder in the house to enjoy.

Real estate agent Aaron Kirman, owner of one of the real estate companies working on the sale of the house, told CNN the property was “the Mona Lisa of the residential world.”

The mansion was an ambitious project envisioned by real estate developer Nile Niami, who first bought the land in 2012 for $ 28 million.

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Niami commissioned the specification house, with a suggested price tag of half a billion dollars, according to the Los Angeles Times.

Courtesy of Marc Angeles.

Courtesy of Marc Angeles

Niami amassed $ 180 million in debt with several lenders on the property during the 10-year construction process, and in December, his company filed an agreement with the U.S. bankruptcy court to sell the house at auction.

Now he’s asking someone to “walk the stratosphere” with him, posting a video Dec. 17, 2021 on YouTube, which is essentially a last-ditch effort to find an investor and keep the house out of the auction.

Kirman believes that however the saga unfolds, it will definitely take someone from a very specific income bracket to save the house.

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“The only thing that’s for sure is that you really have to be a billionaire to buy this property,” he told Robb Report.

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Courtesy of Marc Angeles.

Courtesy of Marc Angeles

If the house sells, even at the reduced asking price, it will be the most expensive house ever sold at auction.

Auctions in the Unqualified Auction are scheduled to take place February 7-10 via the Concierge Auctions online marketplace.

© 2022 Global News, a division of Corus Entertainment Inc.

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