Photo: Douglas Friedman
An uber-luxurious, 105,000-square-foot Bel Air estate known as “The One,” which was once expected to be listed for astaggering $500 million, has sold at auction at a record-setting price.
After years of being on the market, on Thursday the California mega-mansion found an owner who bid $126 million plus closing costs and buyer’s premium, PEOPLE confirms.
With an all-in final closing cost of $141.12 million, the home set a new record for the most expensive residential property ever sold at auction in America –– nearly 50 percent higher than the previous U.S. record for a home sold at auction.
Douglas Friedman
Aaron Kirman of Aaron Kirman Group at Compass and Branden and Rayni Williams of Williams & Williams at The Beverly Hills Estates represented the listing, while Concierge Auctions managed the auction.
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The One also boasts an unbelievable 30-car garage.
Initially, the property was expected to be listed for $500 million in 2017. However, delays, funding problems, and other issues led to the property’s developer Nile Niami and his company to file an agreement in U.S. Bankruptcy Court in December to auction off the estate to help pay back creditors around $180 million, according to theLos Angeles Times.
source: people.com
