What's the most expensive house in california
Most expensive home in America lists for $295 million, may head to auction
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A 105,000-square-foot megamansion, known as "The One," in the Bel Air section of Los Angeles listed Friday for $295 million, making it the most expensive listing in America.
The property, which has been a decade in the making, would be the most expensive home ever sold in the U.S. if it gets its asking price — surpassing hedge-funder Ken Griffin's $238 million purchase of an apartment in Manhattan. If it doesn't sell quickly, "The One" heads to auction in February and will be sold to the highest bidder.
The rear of the home opens to a massive lawn framed by a moat-like water feature and a 400 ft. running track just below it.
Marc Angeles
"It's a modern masterpiece," said Branden Williams, of The Beverly Hills Estates, which is representing the property along with Aaron Kirman of Aaron Kirman Group at Compass. "It's four acres at the top of a mountain in Bel Air, and it can never be built again. "
Along with a record-setting price, "The One" also comes with a history of drama, lawsuits and debt. It was built by Nile Niami, a Hollywood-producer-turned-developer, who promoted it as the "biggest and most expensive modern home in America," with an eventual asking price of $500 million.
The mansion's foyer includes 25-foot ceilings, a large serpent-like sculpture and panoramic views of downtown LA.
Joe Bryant
As costs soared, Niami's debt on the house grew to more than $180 million. The megamansion was placed into receivership last year. As part of a bankruptcy agreement struck last month, it was scheduled to be sold at an auction, beginning Feb. 7.
"The One" is situated on 3.8 acres with much of the residence surrounded by a moat-like water feature.
Marc Angeles
People involved in the court process said "The One" would have to sell for around $200 million just to pay back the debt, including the auction fees and other costs. If it sells for less, the lenders may have to take a loss, or the property could wind up in further foreclosure litigation.
An ideal time for LA's luxury market
Yet lenders and brokers hope the property is coming to market at an ideal time. Luxury real estate in Los Angeles is breaking records. Sales of properties priced at $10 million or more doubled in 2021 compared with 2019, before the pandemic, with a total of 312 sales, according to Miller Samuel.
The formal dining room includes seating for 20 and an over-sized glass wine cellar for displaying large-format bottles.
Marc Angeles
Marc Andreesen just set a record in California after he paid $177 million for a compound in Malibu, while Coinbase CEO Brian Armstrong paid $133 million for a modern mansion, located near "The One" in Bel Air.
Brokers say interest in "The One" has already been strong. Williams said he has two offers on the table — one from a Saudi royal and one from a wealthy Chinese buyer. He said more offers are expected soon from crypto buyers who are "looking at this house as their own space station."
The megamansion is sometimes referred to as "the space station" because of its massive size and unusual shape.
Marc Angeles
"There is going to be huge demand for this property," he said. "Demand for U.S. real estate is through the roof because the dollar is weak and people want real tangible assets."
Kirman added that the property is more than a house — it's a full-scale private resort for "the billionaire buyer who wants all-inclusive living."
The home's lower level includes a full-service salon equipped with shampoo stations, pedicure chairs and a hair and make-up area.
Joe Bryant
The home sits on 3.8 acres and features 21 bedrooms and 42 bathrooms. Built on a leveled mountain, it has views of the Pacific Ocean, downtown Los Angeles and the San Gabriel Mountains. It has seven water features, including a massive moat that runs around the property. It has a nightclub, a full-service beauty salon, a wellness spa, a home theater that seats 40, a bowling alley, a 10,000-bottle wine cellar, 30-car garage and a 400-foot private outdoor running track.
The view from the primary bedroom where retractable glass walls open to a wraparound balcony overlooking LA.
Marc Angeles
For guests or staff, it has a three-bedroom guest house with its own infinity pool.
Still, any buyer of "The One" will also have to contend with a thicket of financial and legal issues. According to the receiver's report and an engineering study, the house has cracks in and around many of the pools and stonework, as well as signs of mold. It has several outstanding building and occupancy permits, and a local homeowner's association is challenging its construction.
The meaghome's 10,000 sq. ft. roof deck includes a golf green with impressive views of downtown.
Joe Bryant
Niami's last-ditch effort
In part because of "The One" and other megamansions built nearby, local building laws were changed in recent years to prevent other supersized homes from ever being built again — which brokers say only adds to the value of "The One."
Developer Nile Niami (left) walks with CNBC's Robert Frank (right) during a 2017 interview at "The One" while the megahome was under construction.
CNBC
The lenders also continue to battle each other in bankruptcy court over procedures and priority. Niami weighed in with his own last-ditch effort last month, releasing a video saying he hoped to turn the home into a crypto investment, selling a new token to investors called "The One Coin" that would be backed by the property.
The four-lane bowling alley on the home's subterranean level.
Joe Bryant
"Hopefully, there's someone out there that is going to want to walk hand in hand with me into the stratosphere," Niami said in a video. He declined further comment, and lenders and lawyers have dismissed Niami's plans.
Ultimately, Kirman said, the 10 years of drama around the house won't deter buyers once they tour the property.
The megahome's view of Los Angeles at dusk.
Marc Angeles
"Its controversial history is no secret," he said. "But when a potential buyer walks the site they'll see the opportunity is so extraordinary that the past won't really matter anymore.
"
The auction, held by Concierge Auctions, is scheduled to run Feb. 7-10. Bidders would have to wire $250,000 and show proof of funds to qualify for bidding.
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California's Most Expensive Home! | Top Ten Real Estate Deals
California’s Most Expensive Home!
California boasts one of the United States’ most expensive real estate markets, led by the city of San Francisco with the nation’s highest median home price of $1.5 million. San Jose, Oakland, and Los Angeles also rank in the top ten by the same measure. California’s current priciest home, however, isn’t in one of those urban centers. Currently owned by hedge-fund manager and Julliard school-chairman Bruce Kovner, the cliffside estate known as “Sanctuary at Loon Point” overlooks the central California coast from the beach town of Carpinteria. If the property gets its $160 million asking price, it will be the second most expensive home ever sold in the state, behind only Jeff Bezos’ purchase of the Warner Estate for $165 million, and the third most expensive in the nation, topped by the $238 million sale of a massive Manhattan apartment overlooking Central Park.
The property’s 2,129 feet of coastline bluff and 22 acres of lush landscaping is divided into five parcels featuring two distinct estates, Ocean View and Bellevue, connected by a private, gated road. The homes have been carefully positioned to take advantage of the natural contours of the landscape and maximize the ocean views. Both homes feature stunning Mediterranean-style mansions crafted from the finest materials from around the world. Terra-cotta tile roofs, high ceilings with exposed natural beams, hardwood floors, stone archways and marble accents impart an atmosphere of rustic grandeur. Open floor plans and floor-to-ceiling windows take advantage of the natural light. Huge kitchens, grand libraries, fireplaces with intricate mantles, oversized pools, beautifully designed courtyards with marble statues, lovely rose gardens, and ocean-view terraces with palmtrees provide space for entertaining guests or enjoying the private serenity afforded by the home’s unique location.
Between the two residences, the property offers ten bedrooms, twenty one bathrooms and 14,189 square feet of interior space.
A large natural pond on the grounds attracts ducks, herons and other local fauna. The scenic Barranca Path winds down the cliff to the beach below, where coastal birds can be observed. Located on the migration route of the California Grey Whale and home to both sea lions and harbor seals, the property’s combination of beach and bluff offers a unique opportunity for wildlife lovers. The area is well known for its spectacular sunsets.
Carpinteria, located in southeastern Santa Barbara County and about eighty miles from Los Angeles, calls itself the “world’s safest beach.” In addition to calm waves and sandy shores, the idyllic community is home to the world’s largest Torrey pine tree, the University of California’s Carpinteria Salt Marsh Reserve, the Carpinteria Seal Sanctuary, and the Santa Barbara Polo Club. Beautiful and secluded, the small city has long been a draw for Hollywood types looking to escape from the stress of LA’s busy metropolis.
Celebrities with beach homes in the area include George Lucas, Kevin Costner, Ellen Degeneres, Robert Zemeckis, and Ashton Kutcher.
The listing is held by Mauricio Umansky and Eric Haskell of The Agency.
Photo Credit: Jim Bartsch
Source: www.theagencyre.com
TOP 10 most expensive houses in Los Angeles. Articles. Online guide to Los Angeles.
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Photo: aaroe.comOwn cinema halls, swimming pools, wine cellars, tennis courts and even a separate room for cutting flowers - you can’t forbid living beautifully! The editors of the portal "ZagraNitsa" found the ten most expensive houses in Los Angeles and invites you for a walk
1The Spelling Manor
Address: 594 S Mapleton Dr, Los Angeles, CA
Cost: about $200 million
The luxurious mansion with an area of over 5 thousand square meters is located in Holmby Hills and is the largest in Los Angeles.
The house has 123 rooms, including 16 bedrooms and 23 bathrooms. There is even a special room for cutting flowers.
Playboy Mansion
Address: 10236 Charing Cross Rd, Los Angeles, CA
Cost: about $200 million
The mansion with an area of over 2,000 square meters comes with its longtime occupant, Hugh Hefner, who has the right to live here for the rest of his life. The house has 22 bedrooms, a wine cellar, a cinema, several tennis courts, a grotto and its own zoo.
3Palazzo di Amore
Address: 9505 Lania Ln, Beverly Hills, CA 90210
Cost of : $149 million
The estate covers an area of 10 hectares. The house has 12 bedrooms and 23 bathrooms. On the territory there is a guest house and a house for security, a private disco, bowling, a swimming pool and a vineyard.
4Beverly House
Address : 1011 N Beverly Dr, Beverly Hills, CA 90210
Cost : $195 million
The mansion with an area of over 4.
5 thousand square meters is located in Beverly Hills. The house has 30 bedrooms and 40 bathrooms. There is also a tennis court, a swimming pool, a billiard room, a two-story library, two ponds and a fountain.
1187 Hillcrest Road
Address : 1187 Hillcrest Rd, Beverly Hills, CA 90210
Cost of : $135 million
The fabulous mansion spanning over 1,600 square meters has 7 bedrooms, 10 bathrooms and luxurious interiors with crystal chandeliers and rich carpets.
6Fleur de Lys
Address : 350 N Carolwood Dr, Los Angeles, CA
Cost: about $125 million
A luxurious mansion with an area of over 4 thousand square meters is located in Holmby Hills. The house has 12 bedrooms and 15 bathrooms, also has a gym, swimming pool, tennis court and guest house.
7Carolwood Estate
Address : 355 N Carolwood Dr, Los Angeles, CA
Cost : $90 million
Previously, the mansion with an area of over 3 thousand square meters belonged to Walt Disney.
The house has 8 bedrooms and 17 bathrooms, a small cinema, three bars, a library and a gym.
Owlwood Estate
Address : 141 N Carolwood Dr, Los Angeles, CA
Cost : $90 million
Another luxurious mansion in Holmby Hills. The Tuscan-style house covers an area of over 1000 square meters. It has 8 bedrooms, 10 bathrooms, a tennis court and a swimming pool.
9Bradbury Estate
Address : 172 Bliss Canyon Rd, Bradbury, CA 91008
Cost of : $78 million
The mansion with an area of almost 3 thousand square meters is located in the suburbs, in the town of Bradbury. The house has 7 bedrooms, 10 bathrooms and 6 fireplaces, there is also a swimming pool, spa, 3D cinema, a two-story library and a wine cellar.
10901 North Alpine Drive
Address : 901 N Alpine Dr, Beverly Hills, CA 90210
Cost of : $72 million
The mansion with an area of 2.
6 thousand square meters is located in Beverly Hills. The house has 11 bedrooms and 17 bathrooms. There is also a cinema, pool and spa, gym and library.
See also: Star Photos: Hollywood Celebrity Homes in Los Angeles and 5 Most Beautiful US Homes You Can Visit Now.
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The most expensive mansion in the US will go under the hammer for the debts of the developer
Komsomolskaya Pravda
In the worldPICTURE OF THE DAY
Yuri MAYBORODA
September 9, 2021 8:12
Realtors do not believe0 a third of its real value9
$500 million mansion for sale in California. Photo: Google Earth
A mega-mansion known in the US as The One, is listed for sale after owner and developer Neil Nyami filed for bankruptcy.
The cost of the house is half a billion dollars, and Nyami's debts, due to which the estate was transferred to external management, are $165 million.
The One is built in Los Angeles and covers an area of almost 10,000 square meters. It has 9 bedrooms, the main one of which is 370 square meters, a range of kitchens, its own nightclub, gym, bowling alley and a theater with 50 seats. In addition, the mansion is equipped with an underground garage with rotating platforms that can accommodate fifty cars.
All doors in the house are electrically operated, and the mansion's water features include not only the pools and jacuzzis in the house itself, but also the moat around it.
Upon completion in 2017, The One was put up for sale for $500 million. To support the sale, a whole advertising campaign was carried out, including a video tour of the house. However, a buyer for the modern palace was never found.
The construction of the mansion, as well as advertising that had to be paid for over several years, left Neal Neary himself and his associated company LLC Crestleloyd with more than $165 million in debt, including about $1 million in unpaid taxes.
Despite the fact that the premium segment of the Los Angeles real estate market is gradually recovering from the pandemic, realtors are convinced that it is impossible to receive its real value for The One at this time. However, for Niami himself, this is unlikely to come as a surprise: last year, a house in West Hollywood, for which he wanted to raise $100 million, had to be given for only $38 million to one of the creditors.
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