
Asking $295 Million, Bel Air’s ‘The One’ Mega-Mansion Is Finally Slated for Auction

The 105,000 square foot mansion, also known as “The one” is to be set up for auction this coming February. The property owner, Nile Niami, now has other plans, to transfer the money earned from the mansion to cryptocurrency coins.
The mansion has a huge market value since it’s still under construction and renovations despite being under works for ten years. This is the reason why the price has been slashed to almost half of its original value of 500 million dollars. However, the house is still one of the most expensive pieces of real estate worldwide right now.
Take a look at what makes this house so special.

Ben/ Pexels | The Bel air house overlooks the open oceans
Niami worked wisely with the property that he bought in 2012 for $28 million from Rita Kogan, and gradually worked on its design, size, and materials working will Paul McClean, an esteemed architect; hence it is now one of the best purchases a billionaire could have.
It has a massive wine cellar, five pools, a nightclub, theatre, beauty salon, and much more. Other than that it also includes sculptures and figurines created by famous Italian artists. These extravagant decorations and infrastructure within the property may explain the price marked over the house.

Pixabay/ Pexels | Sit poolside and watch the beautiful sunset over LA
Pixabay/ Pexels | A pool is always a great place to relax
As the site is still unfinished, buyers have to keep in mind that they’ll have to spend their own money to finally finish the property. The Concierge Auctions will conduct the auction from February 7 to February 10. The organization will only receive about 15% of the money earned, while has Niami made sure that the rest would come to him through remarkable crypto returns.
What makes it worth the cost?
Naturally, you might be wondering what makes this property worth among the most valued properties on the planet?
Well, the answer to that is simple: luxury. The house boasts amenities that not the houses of billionaire superstars like Shaquille O’Neal can claim. The luxurious pools, indoor gaming, and cinema make the house truly one of a kind.
Just the number of bathrooms in the house is borderline ridiculous. The interior of the house is fully furnished with a crimson reflective paint that oozes ambiance and grace. The locality of the house is also at one of the city’s best viewing points so you can spend your afternoons overlooking the city skyline or head over to the opposite side to look at the sunsets over the shore.

Pixabay/ Pexels | The house comes alive as the city lights up
This house is the stuff dreams are made of. Entering the house feels like you’ve entered an alternate universe where all of your wildest experiences have come true.
Ironically, selling the mansion wasn’t Niami’s first choice. He tried to pay off those loans by opening the property for basketball, boxing tournaments, and even concerts, but he finally gave up and looked ahead. The property awaits a new owner for now.
More in Luxury
-
`
The High-Flying Life of ‘Homeless Billionaire’ Nicolas Berggruen
It’s time to discover Nicolas Berggruen and familiarize yourself with his extraordinary life – if you haven’t done so already. The businessman began...
May 3, 2023 -
`
Creative Ways to Display Plants in Your Space
Indoor plants not only make your living space more inviting and luxurious; they also make your home’s air healthier. It’s easy...
April 26, 2023 -
`
Japanese YouTuber-Turned MP Gets Fired For “Never Going To Work”
GaaSyy, the Japanese internet celebrity-turned-MP, has recently been dismissed from his position in Japan’s Parliament. The reason? Well, he simply never...
April 22, 2023 -
`
Most Famous Celebrity Fueds in Hollywood History
Hollywood celebrities are known for their on-screen charisma, glamour, and larger-than-life personalities. However, when it comes to real-life clashes, they are...
April 12, 2023 -
`
These Private Jet Tours Are Offering an Amazing Vacation At This Handsome Price!
Having seen celebrities jet off to some of the most exotic places around the world for what can only be described...
April 10, 2023 -
`
Why Being A Celebrity Warrants Million-Dollar Paychecks
Celebrities are some of the highest-paid individuals in the world. These famous faces can command millions of dollars in annual earnings...
April 8, 2023 -
`
How to Handle Hay Fever
While many people look forward to the arrival of Spring, if you are one of the one in five people who...
April 2, 2023 -
`
How Walt Disney’s Former Housekeeper Secretly Died As A Multi-Millionaire
Walt Disneyland is the iconic theme park destination. Founded by Walt Disney and opened in 1955, the park has grown to...
March 27, 2023 -
`
Shocking! Lisa Marie Presley Had Three Life Insurance Policies!
Lisa Marie Presley, daughter of the late music icon Elvis Presley and Priscilla Presley, passed away on April 1, 2021, at...
March 14, 2023
You must be logged in to post a comment Login