Fashion Nova CEO Richard Saghian is new owner of ‘The One’ as mega mansion with 5 pools sells for $154m under list price

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Fashion Nova CEO Richard Saghian is the new owner of the largest home in Los Angeles known as “The One.”

saghianThe 40-year-old snatched up the sprawling Bel-Air mansion with five pools and a 30-car garage for $154 million just under the listing price.

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Fashion Nova CEO Richard Saghian Overtakes Four Others to Become New Owner of Bel-Air’s ‘The One’ Mansioncredit: getty
Saghian bought huge house for $154million just under listing price

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Saghian bought huge house for $154million just under listing pricecredit: getty
With a slew of amenities, the mega mansion was up for auction last week

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With a slew of amenities, the mega mansion was up for auction last weekcredit: getty

The bidding for this monster mansion spread over 105,000 square feet started last week after this failed to sell for $295million,

The fast-fashion CEO beat out four other bidders for the home, the largest American home ever to go up for auction, as reported Los Angeles Times,

“The One Bel-Air is a once in a lifetime asset that can never be replicated. There’s nothing like it,” Saghian told the LA Times.

“As a lifelong Angelino and avid collector of real estate, I recognize this as a rare opportunity that lets me own a unique property that is destined to be a part of Los Angeles history.”

Described as a modern masterpiece, the house would represent the most expensive home ever sold in America if it fetched more than $238 million at auction.

However, Saghian paid $141 million for the house.

Spacious Bel-Air Home Sometimes it cost $500million. Was Hollywood producer-turned-developer Neil Niamey began construction in 2013 with the help of 600 contractors.

The property was listed in January 2021 for $340 million, but was pulled from the market and placed in receivership, a form of foreclosure.

The home is unfinished and the new owner was apparently in danger of coughing up millions in unpaid taxes and loans from concrete, air conditioning, and appliance companies used to build the dream home.

impressive features

The architectural design stated that the mansion “appears to be floating above the city” because of a moat that surrounds it on three sides.

Friends star to neighbors. was asked to include Jennifer Aniston and tesla boss Elon Musk,

In addition to a 30-car garage with five swimming pools and two car display turntables, the four-acre property has several other amenities.

The home has 21 bedrooms and 42 bathrooms, a ‘philanthropy wing’ for charity festivities, a bowling alley, and a 10,000-square-foot sky deck with 360-degree views over the South. california,

There’s also an in-house movie theater, a spa and salon with bright red walls and shampoo stations, and the 4,000-square-foot master bathroom boasts a private pool and stunning walk-in closet.

And there’s plenty of room for entertainment, with a nightclub, a 4,000-square-foot guest house, golf course, and a huge bar near the bowling alley.

A description on the auction website read, “The largest and grandest house ever built in the urban world.”

“The first and last of its kind, The One presents a unique opportunity to experience Los Angeles on a scale beyond your wildest dreams.”

The forest has five swimming pools, including an indoor pool and a 'living wall'.

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The forest has five swimming pools, including an indoor pool and a ‘living wall’.credit: getty
It also has a luxurious spa and salon with shampoo stations

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It also has a luxurious spa and salon with shampoo stationscredit: getty
Home to a 40+ seater movie Dolby Digital theater and nightclub

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Home to a 40+ seater movie Dolby Digital theater and nightclubcredit: getty
Architect Paul McLean and interior designer Catherine Rotondi worked on the impressive home

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Architect Paul McLean and interior designer Catherine Rotondi worked on the impressive homecredit: getty

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