The most expensive home in the United States, dubbed ‘The One’, with five swimming pools and a 30-car garage, is up for auction.
Bidding on the 105,000-square-foot monster mansion in Los Angeles begins Monday Home failed to sell for $295million,
Described as a modern masterpiece, the home would represent the most expensive home ever sold in America if it fetched more than $238 million at auction.
Spacious Bel-Air Home Sometimes it cost $500million. Was After 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 potential buyers clearly risk millions for unpaid taxes and loans from concrete, air conditioning, and appliance companies used to build the dream home.
The architectural design stated that the mansion “appears to be floating above the city” because of a moat that surrounds it on three sides.
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.
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Lenders and brokers expect huge houses to sell as luxury real estate this time Los Angeles Highly demanded.
The Daily Mail reported that the mansion would have to be claimed at least $200 million to cover the unpaid costs.
Bidding on the so-called contemporary palace begins at 4 pm on Monday concierge auction And will close on Thursday.
A description on the auction website reads, “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.”
It has no reserves and will break the record for the most expensive home in America if it nets an asking price of $295 million.
The record is currently held by hedge fund billionaire Ken Griffin, who bought a $238 million penthouse in Manhattan.
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