August 14, 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

Column: Time to Crack Down on Vacant Homes’ Owners

August 12, 2022

August 12, 2022

By Tom Elias, Columnist ​​There is no doubt California has a housing shortage. That’s fact even in the wake of...

Metro To Hold Community Meetings About Potential Green Line Extension

August 12, 2022

August 12, 2022

By Dolores Quintana Los Angeles Metro is holding a series of public meetings to discuss extending the Metro C or...

Anne Heche Dies Following Mar Vista Crash

August 12, 2022

August 12, 2022

Actress dies at 53 due to injuries sustained in August 5 crash By Sam Catanzaro Anne Heche has died at...

Anne Heche Not Expected to Survive Following Fiery Mar Vista Crash

August 12, 2022

August 12, 2022

UPDATE: Anne Heche has died at 53 from injuries sustained in a Mar Vista car crash last week. https://yovenice.com/2022/08/12/anne-heche-dies-following-mar-vista-crash/ Representatives...

Inglewood Marine Wildlife Companies Plead Guilty to Unlawfully Importing Live Corals from Vietnam

August 11, 2022

August 11, 2022

Renaissance Aquatics Inc. and Lim Aqua-Nautic Specialist Inc. each pleaded guilty to two felony counts of unlawfully importing live coral...

LA City Council Approves Expanded Anti-Camping Ordinance

August 11, 2022

August 11, 2022

Bonin one of three not votes in expansion of LAMC section 41.18 Los Angeles City Council has banned homeless encampments...

Review: A Santa Monica Restaurant’s New Happy Hour is Top-Notch

August 10, 2022

August 10, 2022

By Dolores Quintana Birdie G’s in Santa Monica has a new Happy Hour and it is something special. For one...

Former Tennis Player Opens Venice Boardwalk Restaurant

August 10, 2022

August 10, 2022

Pachamama now open at 1425 Ocean Front Walk By Dolores Quintana Pachamama is a new restaurant that has already started...

Best of Venice Awards Voting Now Open

August 10, 2022

August 10, 2022

Cast your vote to support your favorite local businesses  Voting is now open for Yo! Venice’s annual Best of Venice...

Column: ​​Former LA Mayor Antonio Villaraigosa Endorses Traci Park for City Council, First Major, Post Primary Nod for the Venice Challenger!

August 9, 2022

August 9, 2022

By Nick Antonicello In what can be regarded as the first major, post primary endorsement by a significant Los Angeles...

Venice Family Clinic to Provide Free Community Resources in Celebration of National Health Center Week

August 9, 2022

August 9, 2022

Nonprofit Community Health Center Offering Free COVID-19 Vaccines, Children’s Books, HIV Testing, Health Insurance Counseling, CalFresh Enrollment and More August...

LAPD Awaits Blood Tests Results on Anne Heche Following Mar Vista Crash That Destroyed Home

August 8, 2022

August 8, 2022

Walgrove Avenue home goes up flames after Friday crash By Sam Catanzaro The Los Angeles Police Department (LAPD) is awaiting...

City Council Sends Initiative to Ballot That Would Require Hotels to House Homeless in Empty Rooms

August 8, 2022

August 8, 2022

LA City Council unanimously approves measure for November ballot By Dolores Quintana Los Angeles City Council last week voted to...

‘Superpedestrian’ Introduces New Seated E-Scooter Option: YO! Venice Show – August 8th, 2022

August 8, 2022

August 8, 2022

Local news and culture in under 5 minutes.* Police Search For Robbery Suspect On Lincoln Ave And Vernon Ave * ‘Superpedestrian’...

Brentwood-Adjacent Residential High-Rise Complete

August 8, 2022

August 8, 2022

The first high-rise residential development built west of the 405 in over 40 years is now leasing luxury apartments. Learn...