Los Angeles Mega-Mansion Sells for $141 Million at Auction
- Developer of massive home once floated $500 million price tag
- A sale of ‘The One’ requires approval by bankruptcy court
A Los Angeles mega-mansion that was the biggest U.S. home to ever go up for auction sold for $141 million, including commissions, when bidding closed Thursday.
The 21-bedroom, 49-bath hilltop estate -- dubbed “The One” -- had a list price of $295 million. Developer Nile Niami said in 2015 that he would ask $500 million for the Bel Air property, which also has five swimming pools and a 30-car garage.