Los Angeles megaman could sell for $ 295 million
A 105,000-square-foot mansion in Bel Air, dubbed âThe One,â could become the most expensive property for sale in the United States when it goes up for auction next month.
The hillside property, which spans 3.8 sprawling acres, will be listed on Jan. 7 at a tempting price tag of $ 295 million, with an online sale held Feb. 7-10 via Concierge Auctions. From its elevated perch, the home offers 360-degree views of the ocean and the Alps as well as downtown Los Angeles.
“The One” sits on an elevated 3.8 acre lot in Bel Air. Credit: Marc Angeles / Unlimited Style Real Estate Photography
Taking around a decade to complete, The One is marketed as the first and only residence of its size in Los Angeles, thanks to new regulations passed in the city during its development that now limit the size of single-family homes, in an effort to reduce the number of so-called mega-plans in development.
The sprawling mansion was designed by Paul McClean, whose residences have hosted major celebrities. Credit: Marc Angeles / Unlimited Style Real Estate Photography
But, nicknamed a “gigamansion”, The One is the most flashy of all. Real estate agent Aaron Kirman, whose eponymous group is jointly selling the property with Williams & Williams, called her “the Mona Lisa of the residential world” during a phone call.
The One has never been on the market, but if sold, its owners will have amenities such as a nightclub, lounge, spa, 10,000 square foot sky deck, private running track. , a cinema, a bowling alley and 10,000 bottles of wine cellar. There is even a moat: an infinity pool that spans three sides of the residence. At 5,500 square feet, the master bedroom alone is more than double the size of an average American home.
Facilities include a salon, spa, nightclub, running track, movie theater, and five swimming pools, including an infinity ditch. Credit: Joe bryant
Designed by architect Paul McClean, who designed homes owned by BeyoncÃ© and Jay Z, Avicii and Calvin Klein, the Modernist aesthetic is both clean and extravagant. Neutral colors and clean lines provide a basis for luxurious details such as a number of original works of art, including a butterfly installation by conceptual artist Stephen Wilson and a sculpture by the Venetian glass roof Simone Cenedese, which are included in the sale.
Originally valued at $ 500 million, âThe Oneâ will cost $ 295 million. Credit: Douglas friedman
Rayni Williams of Williams & Williams said the $ 500 million estimate was speculation, and $ 295 million more reflects the current market. It’s a more “marketable” and “tangible” number, she said over the phone.
As to why it goes directly to auction, Kirman explained, “Any donated home over $ 100 million can take anywhere from a year to five years to sell.” An auction “was the best way to have a condensed schedule,” he added.
With fewer than 2,800 billionaires in the world, The One’s future owner will come from a small group of potential buyers – unless a group of multimillionaire friends decide to share the cost.
âIt’s a limited market that can afford it,â Kirman said. “But we absolutely know who our target is.”