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

An amazing mega mansion located in one of America’s most ritziete postcodes is set to hit the auction block and could go for a great deal – relatively speaking.

The estate, simply called “One”, Was once estimated at US $ 500 million and had the title of the most expensive house for sale in the United States.

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Now Bel Air, California, becomes property listed for $ 295 million and go to an online auction in February, reports Realtor.com.

Courtesy / Marc Angeles.

Courtesy / Marc Angeles

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

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Three sides of the house are surrounded by a river-sized moat that also serves as a pool if you want to take a break from swimming in the home’s 64-foot indoor pool.

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There is also a garage for 30 cars, complete with a turntable with two cars, as well as a 10,000 square meter party deck and putting green.

The home comes with tennis court, bowling alley, juice bar, salon, spa, running track, cinema with 40 seats and nightclub.

Courtesy / Marc Angeles.

Courtesy / Marc Angeles

And you could fit two ordinary homes inside the 5,500-square-foot bedroom.

If you feel very generous on any given day, you can head over to the home’s “philanthropy wing”, which offers areas for gatherings and a gala ballroom that seats 200 people.

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Courtesy / Marc Angeles.

Courtesy / Marc Angeles

And if these features are not enough of an incentive, all the furniture and an extensive (very expensive) art collection are included, which the home’s highest bidder can enjoy.

Real estate agent Aaron Kirman, owner of one of the real estate companies working to sell the home, told CNN that the property is “the housing world’s Mona Lisa. “

The mansion was an ambitious project that property developer Nile Niami had dreamed of, who first bought the land in 2012 for $ 28 million.

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Niami ordered the spec home with a suggested price half a billion dollars, according to the Los Angeles Times.

Courtesy / Marc Angeles.

Courtesy / Marc Angeles

Niami raised $ 180 million in debt to several lenders on the property while he was in the 10-year construction process, and in December, his firm filed a deal with the U.S. Bankruptcy Court to auction off the house.

Now he is asking someone to “go into the stratosphere” with him, and is releasing a video on December 17, 2021 to YouTube, which is essentially a last ditch effort to find an investor and keep the house away from the auction block.

Kirman believes that no matter how the saga unfolds, it will definitely take someone from a very specific income group to save the house.

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“The only thing that is certain is that you really must be a billionaire to buy this property, ”he told Robb Report.

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Courtesy / Marc Angeles.

Courtesy / Marc Angeles

If the home is sold, even at the reduced offer price, it will be the most expensive house ever sold at auction.

Bidding in the no-reserve auction is scheduled to take place February 7-10 via Concierge Auctions’ online marketplace.

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

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