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Mar 14, 2022 · Watch: An Exclusive Tour Inside Bel-Air’s $126 Million ‘the One’ Megamansion. We got a private look inside the 105,000-square-foot mansion, which was sold at auction on March 3....
- Helena Madden
Jul 28, 2022 · Nile Niami planned to list the roughly 105,000-square-foot L.A. megamansion for $500 million. Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake. The...
The One is a private residence in Bel Air, Los Angeles, California, United States. It is a compound of a main residence and three smaller houses in the modernist style and was developed by Nile Niami. The property is 105,000 square feet (9,800 m 2) on 3.8 acres (1.5 ha). Construction began in 2014.
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- How Nile Niami Built ‘The One’ Mansion
- When Dreams Turn Into Nightmares
- Who Bought ‘The One’ Mansion?
It’s now been a while since the saga of ‘The One’ mansion flooded our newsfeeds, after a very dramatic auction sale in 2022 that saw the property sell for ‘just’ $126 million — nowhere near the initial $500 million tag. So, what is it about this house that caused such a stir? Firstly, this mansion, located at 944 Airole Way in Bel Air is impressive...
Real estate experts were skeptical about this house from the very beginning. Even with all those jaw-dropping amenities, that $500 million price tag was simply out of this world, and no other property ever came close to fetching such a price. But Nile Niami refused to give up on his dream — until he was forced to. Niami purchased the lot in 2012 fo...
Finally, a buyer emerged for ‘The One’ mansion at 944 Airole Way. Richard Saghian, owner of the fashion brand Fashion Nova, visited the mansion in the past, but was not 100% convinced. However, the auction allowed him to snag the unique property at a significant discount. His was the winning bid, at $126 million — $374 million below Niami’s dream p...
Jan 7, 2022 · Before the infamous mansion known as “The One” could be listed for sale its developer defaulted on a reported $180 million in lending. Today the Bel Air mansion finally emerges from bankruptcy ...
- 4 min
- Ray Parisi