LOS ANGELES (KSWB) — A sprawling 105,000-square-foot estate dubbed “The One” will go up for auction next month in Bel Air in what could be one of the most expensive American home sales in history.
Set on 3.8 acres of land with sweeping views of upscale Los Angeles, the 944 Airole Way home went up for sale Jan. 7 for $295 million with bidding via Concierge Auctions scheduled for Feb. 28 through 3rd of March. The so-called “gargantuan once-in-a-lifetime estate” includes 21 bedrooms, 42 full and seven half bathrooms, a two-story private library and a nightclub with a VIP area, according to the listing.
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For all the luxury features on the inside, it’s even more of the same on the outside. It features five separate pools, a 10,000 square foot viewing deck, a putting green, and a 400 foot long glass-walled jogging track. Not to mention, it has seven-bedroom staff quarters, a bowling alley, and is surrounded on three sides by a moat.
Those who are attached to the property concede it is probably only accessible to the ultra-rich and they argue that it has more than its share of amenities to entice a potential buyer.
“The One is created for today’s billionaire looking for a truly unique asset, and when sold, it will be the most important purchase in the world,” said Aaron Kirman, Founder and Chairman. of the Aaron Kirman Group and President of the International Estates Division. to the real estate company Compass.
“The One is unmatched in size, scale, safety and triumphant design,” said Kirman.
The Los Angeles Times reported that the property was built by film producer Nile Niami through a development company called Crestlloyd. Niami reportedly filed for Chapter 11 bankruptcy in October to avoid the home being foreclosed.
It sets the stage for what Chad Roffers, president of Concierge Auctions, called an “exceptional and historic” auction, including its potential sale price. At $295 million, The One would be the most expensive home sold in the United States and the fourth most expensive in the world since 2006, according to Christie’s International Real Estate, which tracks luxury real estate transactions.
The most expensive US estate sold in Christie’s database was in New York: the $147 million More Lane Beachfront estate that traded in 2014.
“This house will sell for a lot of money because it can never be rebuilt in Los Angeles again,” said Branden Williams of The Beverly Hills Estates. “The house is your own private compound and the feeling you get from the scale and the views from every angle of the house are amazing.”
“Nothing else like this can ever be created in Los Angeles again and it has immense value,” said Rayni Williams of The Beverly Hills Estates.
So, could you be the one for The One? Better bring your checkbook (or a wealthy friend or loved one).
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Auctions open at 4:00 p.m. PST on February 28 at the link here. A bid deposit of $250,000 is required and according to Concierge, all sales are subject to final court approval.