January 17, 2022 #1 Local News, Forum, Information and Event Source for Venice Beach, California.

Bel Air Megamansion ‘The One’ Is Finally Being Put up for Sale

$295 million asking price for infamous property

By Dolores Quintana

The One, the most famous of all the megamansions and allegedly the biggest and most over the top of them all, has finally been listed for sale at $295 million as reported by Realtor.com. In addition, the home will be part of an online auction starting in February. As quoted by Realtor.com, the listing agent Aaron Kirman of Aaron Kirman group says simply, “It’s one of a kind.” The property will also be represented in the sale by Williams and Willams agents Branden and Rayni Williams at the Beverly Hills Estates. Concierge Auctions will manage the online auction as partners to both of these agents. The bidding will be open worldwide from February 7 through February 10 unless the property is purchased before the bidding opens. It can take a while to sell such a huge property but real estate agent Rayni Williams was quoted by Realtor.com and she said,  “There’s a reason ‘The One’ is setting a new high watermark for global real estate. [It has] more flat land, coupled with the biggest views—more so than any other property previously for sale in Los Angeles.”

The One would come to a buyer completely furnished, even though it still lacks a certificate of occupancy permit and still needs to be inspected by the city for safety and code compliance before anyone can occupy the property. 

Realtor Branden Williams says, “Of California’s many world-class locales, Bel-Air continues to attract some of the world’s biggest stars, because of its reputation for the utmost residential privacy, fantastic weather, and relaxed local lifestyle.” as quoted by Realtor.com

Nile Niami is the developer who bought the property and built the megamansion, but he no longer owns it. Niami defaulted on $165 million in debts and the property is now owned by a third party as part of a receivership. 

Real estate agent Kirman said “It’s the kind of house that could never be built again.” as quoted by Realtor.com.

The megamansion spans 105,000 square feet and is double the space of the White House. It comes with the most luxurious amenities like a 64 foot indoor pool in addition to a 5000 square  master bedroom that comes with its own private pool. The home has a curated art collection, bowling alley, tennis court, and an onsite nightclub. The rooms have 26 foot ceilings and that second level comes with a two story room that can be used as an office or a library. The home has magnificent views of the entire city from its hillside location. 

The lower level has a beauty salon, juice bar, theater, gym and a 10,000 bottle wine cellar. In addition to all that, the property has a three bedroom guest house, six elevators, and a 30 car garage in addition to five outdoor pools in the yard area that is encircled by 30 foot palm trees. 

Kirman says that his office has already been contacted by billionaires who are interested in the megamansion. He says, “It’s a once-in-a-lifetime opportunity to acquire one of the finest residential sites in the world,” he says. “This really is the Mona Lisa of real estate. For those who can afford it, it’s a great opportunity.” by Realtor.com.

in News
Related Posts

Tsunami Advisory Issued for Venice

January 15, 2022

January 15, 2022

No damage expected for Santa Monica Bay beaches By Sam Catanzaro A tsunami advisory remains in effect for Venice Beach...

Santa Monica to Begin Accepting Applications for Families Displaced by Construction of Freeway and Civic Center

January 14, 2022

January 14, 2022

Below Market Housing for Historically Displaced Households pilot application window to open January 18 By Sam Catanzaro Santa Monica will...

NYC-Based Developer Finalizes Acquisition of Westside Residential Development Site

January 14, 2022

January 14, 2022

Tishman Speyer to begin construction in late 2022 on its first LA-area residential project By Sam Catanzaro An NYC-based developer...

Five-Story Apartment Planned Near Venice High School

January 14, 2022

January 14, 2022

Five-story building proposed for 12759 – 12761 Caswell Avenue By Dolores Quintana A new project named The Caswell might soon...

Bonin One of Two Councilmembers to Vote Against Anti-Camping Enforcement

January 13, 2022

January 13, 2022

City Council votives to enforce its anti-camping ordinance at 58 new locations By Sam Catanzaro Councilmember Mike Bonin was one...

Santa Monica Issues Permit for Second Medical Marijuana Dispensary

January 12, 2022

January 12, 2022

Dispensary would be located at 1416 Wilshire Boulevard By Dolores Quintana The medical marijuana dispensary Harvest of Santa Monica has...

Cedars-Sinai Urges Blood Donations

January 11, 2022

January 11, 2022

As 2022 begins, Cedars-Sinai is facing a critical blood shortage and is encouraging prospective donors to give blood as soon...

Women Armed With Pickaxe Shoplifts At Local Riteaid: Yo! Venice Show – January 10th, 2022

January 10, 2022

January 10, 2022

Local News And Culture In Under 5 Minutes.* Homeless Tents Popping Up On Boardwalk Has Residents Concerned* Women Armed With...

Venice Street Most Ticketed Block in Los Angeles

January 6, 2022

January 6, 2022

LADOT issues nearly 2,300 citations on 1600 Irving Court in Venice By Sam Catanzaro A Venice block was the most...

Interview: Westside Food Bank Adapting to Challenges of the Pandemic

January 4, 2022

January 4, 2022

An interview with Bruce Rankin, Executive Director of The Westside Food Bank By Dolores Quintana We spoke to Bruce Rankin,...

Arnold Schwarzenegger Donates 25 Tiny Homes for Veterans at West Los Angeles VA

January 4, 2022

January 4, 2022

$25k donation facilitates purchasing and building of 25 tiny homes Former California Governor Arnold Schwarzenegger recently donated 25 tiny homes...

Venice Hit-and-Run Leaves Cyclist Dead

January 3, 2022

January 3, 2022

December 22 incident remains under investigation  Police are searching for a hit-and-run driver wanted for killing a cyclist in Venice. ...

More Housing Coming to Westside After City Wins Lawsuit

January 3, 2022

January 3, 2022

Exposition Corridor Transit Neighborhood Plan challenges rejected by court By Sam Catanzaro The City of Los Angeles recently won a...

Venice Beach Ranked Among Top Ten Best Vacation Beaches In The World!: Yo! Venice Show – January 3rd, 2022

January 3, 2022

January 3, 2022

Local News And Culture In Under 5 Minutes.* LA City Districts Use Funds To Enhance LAPD Patrols* Venice Beach Ranked...

Lawmakers Look to Curb ‘Growing Wall of Illegal Vendors’ on Santa Monica Pier

December 29, 2021

December 29, 2021

“This issue isn’t about illegal vending, it’s about our community values,” says Councilmember Lana Negrete  By Dolores Quintana and Sam...