The Mountains billion dollar views stretch from, Secured Capital Partners poured millions into developing. Bidders would have to wire $250,000 and show proof of funds to qualify for bidding. She's the owner of Canada's most aesthetic eco-friendly candle brands. Niami is gambling that a billionaire any billionaire - will find the opportunity irresistible. The views will be preserved in perpetuity. Inside a St John's Wood mega mansion. If you're looking for affordable home decor items with big impact, the Urban Outfitters Home Collection delivers perfectly. That view is like virtually dropping Disneyland onto Mount Baldy (L.A.s highest peak), where youre the only guestat the park (no cars, tourists, hikers or Mickey Mouse). One of LAs most famous homes, this mega-mansion was built by iconic TV producer Aaron Spelling, creator of hits ranging from The Love Boat to Beverly Hills 90210. Evil and The Sound of Musics von Trapp family would all feel right at home herethese hills are alive. Set across 35 acres of land in Saint-Jean-Cap-Ferrat in the South of France, this historic luxury mansion is fit for a kingand was once owned by one, King Leopold II of Belgium. 12 bedrooms and 25 bathrooms, and a Turkish spa are just the start here; the luxury mansion also boasts a 15,000-square foot entertainment center, a bowling alley, a 50-seat movie theater, a disco, and even its own hillside vineyard. Odeon comes with its elevator and possesses an infinity pool with 360-degree views of the surrounding landscape. The Bermuda-style estate first made headlines during its development phase after initial designs were deemed oversized for the 1.14-acre lot. The World's Richest Man Just Bought Los Angeles' Most Expensive House Ever HELLA HOMES Jeff Bezos set a real estate record with the purchase of a $165 million-dollar estate. Yes, billion with a bas in Bezos, Buffett and Bloomberg. Numerous cities, regions and second-home destinationsincluding Arizona and Massachusetts as well as Dubai and Melbourne notched record prices in 2022. Its got a dance floor, a luxurious bathroom, and even a few staff bedrooms. Before joining The Times as an intern in 2017, he wrote for the Columbia Missourian and Politico Europe. All rights reserved. A lot of the luxury property owned by Indian steel magnate Lakshmi Mittal was renovated using the same marble as that used to build the Taj Mahal (hence the mansions nickname Taj Mittal). The compound possesses an artificial lake, koi pond, bathhouse, tea house and ten buildings. More than 5,000 plants and 500 trees were transplanted to the property, which also features stone aggregate roads leading to a cobblestone drive,extensivelandscape lighting around the entire property, and a water feature sculpture garden. The house has an estimated value of $248 million. Xanadu 2.0. The largest property with a private golf and ski community in the world, youll find Seven The Pinnacle at Yellowstone Club, surrounded by tall trees. Other features of note include 12 chimneys, a 91-foot-long dining room and a 10,000-square-foot playhouse that contains a basketball court, bowling alley, billiards room, two tennis courts and two squash courts. "It's four acres at the top of a mountain in Bel Air, and it can never be built again.". Other amenities include multiple swimming pools and a private staff including a chauffeur and caterer. Let that soak in.. Richard Saghian, owner of fast-fashion juggernaut Fashion Nova, was the winning bidder who spent $141 million to buy The One mega-mansion, he confirmed to The Times. Home to billionaire Ira Rennert of the Renco Group, this sprawling estate sits on 63 acres in the Hamptons, about 95 miles outside of Manhattan. The online auction, however, was a bit of a bust. It also has a rich history. The property was designed by architect Alexandre Giraldi and developed by Groupe Mazococo. He won the bid despite falling short of the estate's $295 million list price. New York real estate median sale price up 11% in Q4, $238 million purchase of an apartment in Manhattan. The complex acquisition required negotiations with three sellers, including fashion photographer Bruce Weber and his wife, Nan Bush. Six years and lots of bulldozers later a 105,000 sq ft behemoth fills the site. Originally listed for $125 million by sellers Jon Burton, a video game designer, and his ex-wife, Helen Musk, the couple purchased the property a decade before for $36.5 million from computer pioneer, Max Palevsky. 6. The promotional video is not subtle: a handsome fiftysomething man pulls up in a red Ferrari, strolls past glittering waterfalls and hosts a party where beautiful women throng his VIP booth. Years of restorationand a $90 million investmentturned it from a derelict, half-put-together house into a millionaires dream, with a value thats grown exponentially. Related: Mindy Kaling Buys Frank Sinatras Former Malibu Mansion for $9.5M. Rich personalities build luxurious homes, out-competing each other every year. Previously known as the richest man in the world, Bill Gates went above and beyond when it came to designing his waterfront villa. With 240 bedrooms188 staff rooms and 52 royal and guest bedroomsas well as a swimming pool and doctors surgery, its a place called home by the British Royal Family and is also open to the public for guided tours. Is Ellison Estate the most expensive house in California? It also features a huge temple, a number of luxurious guest suites, three helipads, a health spa with indoor pools, a ballroom and yoga studio, an ice-cream parlor, and a private movie theatre for all to enjoy. Kirman says the property is ideal for someone looking to make a grand entrance into Los Angeles society. Theres no mansion here yet, so pack your architect too. He bought the lot, which included a 10,000 sq ft house, for $28m in 2012. Nestled in the affluent neighborhood of Los Angeles, the half a billion dollar property is being developed by American film producer and real estate developer Nile Niami. The buyer was anonymous and identified only as Albatross Apartment LLC. Court files dont provide much detail on the claim, but a person familiar with the bankruptcy said it stems from loans the developer made to the project. The price didnt come close to the amount of claimed debt attached to the property, which entered Chapter 11 bankruptcy protection with about $180 million in secured and unsecured debt, a figure that has risen to $256 million as more creditors have filed claims, according to a March 2 court filing. Niami describes his clients as normal dudes, down to earth they arrive in a Prius. Although Buckingham Palace is the world's most expensive house, it is not the most prominent palace. He also owns a home in the so-called Bird Streets of the Hollywood Hills that he bought for $17.5 million in 2018. Ultimately, Kirman said, the 10 years of drama around the house won't deter buyers once they tour the property. That jaw-droppingprice tag is just for the panoramic tract of semi-developed land overlooking Los Angeles. Some of the other most expensive homes ever sold are vertical palaces designed to withstand earthquakes or sprawling estates with breathtaking views. So, what makes it unique? Courtesy Unlimited Style Real Estate Photography. Billionaire bidders will pass judgment this week. However, after the online auction opened Monday, only five bidders from the United States and New Zealand participated. Developer Nile Niami (left) walks with CNBC's Robert Frank (right) during a 2017 interview at "The One" while the megahome was under construction. Niami has named this property, which is due to go on the market later this year, The One. Over the past four years, Niami and his related LLC, Crestlloyd, have borrowed more than $165 million to build and sell "The One," according to property documents. Since then, its passed through the hands of many elite owners and has also been used as a film set, for Alfred Hitchcocks La Main Au Collet (To Catch a Thief). Originally built for late television producer Aaron Spelling in 1991, the Manor's current owner is Petra Ecclestone, who is the daughter of Formula One billionaire Bernie Ecclestone. If it doesn't sell quickly, "The One" heads to auction in February and will be sold to the highest bidder. These properties reflect LA living at its finest.. The sale completely shattered the previous Florida record, which was set by Tiger Global Management cofounder Scott Shleifer when he purchased a Palm Beach mansion for $122.7 million in 2021. There is a sky deck with cabanas, multiple pools, a private theater, a bowling alley, a billiard room, a candy room, salon and spa as well as a nightclub. In addition, the top-most floors provide an incredible view of the Arabian sea. Please try another browser. The brokers previously represented him in the Malibu purchase, as well. It is now owned by Richard Saghian, CEO of fast fashion company Fashion Nova. This compound may even be paparazzi proof. One of the most elite streets in the UK, the whole of Kensington Gardens is known for being full of millionaire properties, but 18-19 Kensington Gardens takes things a little further. He gave the Guardian a tour of the Opus, a 20,500 sq ft mansion on a cul-de-sac known as Billionaires Row. The most heavily covered real estate deal of the year saw the homes $295 million price tag plunge to $126 million at auction. It was the most expensive residential sale in Las Vegas history. Known as one of the largest homes in the United States, the 63-acre beachfront property also features 12 chimneys, a private cinema, a 91-foot-long dining room, and a billiards room, two tennis and squash courts, and its own power plant. A newly built 10-bedroom mansion in St John's Wood has become the most expensive home to go on the London market this year, with a price tag of 75 million. The house has been built to withstand a magnitude-8 earthquake, meaning it has strong structures. Not only will "The One" break history for its lofty price tag, but . The worlds most expensive private residence in the world, Antilia is owned by Mukesh Ambani, the richest person in India, and is named after a mythical island in the Atlantic. Its also got a huge team of staff as well as beautiful gardens. Yeah. They just have more cash. This content is restricted to adults of legal age. The Four Fairfield Pond, owned by Ira Renner (owner of the Renco Group), is a luxurious property in Sagaponack, New York. Check our round-up of the best online furniture stores to find the best places to shop for beautiful furniture online. Dubbed "The One," the 100,000-square-foot estate, located in Los Angeles' Bel-Air neighborhood, was designed by luxury real estate developer Nile Niami, who set out to build the most. Bring the soft and subtle beauty of pastel decor into your home this spring. LA has since tightened building regulations so another home on this scale is unlikely. Promoted as being the largest and most expensive urban property in the world, "The One" was expected to come to market for $500 million, according to the video Niami posted on Instagram. Think of your dream property and then think a little harder and youll begin to get an idea of what the most expensive homes in the world look like. They apparently would disappoint F Scott Fitzgerald, who declared the rich a different breed. Laurence Darmiento covers wealth and dealmakers in Southern California for the Los Angeles Times. The closest rival is way down in Bel Air, a lower altitude where developer Nile Niami is asking for $500 million for The One, a 100,000-square-foot, 20-bedroom estate. Its actually a collection of houses inside one giant property, alongside a man-made lake, a tea house, and a bathhouse. Location: London, England. The Hamptons are renowned for being expensive, but American Billionaire businessman Ira Rennerts marvelous Italian Renaissancestyle home, Four Fairfield Pond (named after the adjoining body of water on the luxury property), takes it to the next level. The $500 million dollar house is The One in California, United States. Buckingham Palace might not be up for sale any time soon, but if it were, it would have been the most expensive house in the world. Related: Take in the Breathtaking Views in These Celebrity Homes. Under the terms of the auction agreement, Saghian is under legal obligation to close the sale by March 21. The property was home to . The buyer will be permitted to build dwellings up to 48 feet tall (12 feet higher than current codes) thanks to a vested grandfather clause. Not only is the central London location absolutely primo, the 828,821-square-foot palace features 775 rooms on five floors, with other amenities including a fully equipped doctors surgery, swimming pool and 40 acres of manicured gardens. The Odeon Tower Penthouse might not feature a garden but it does offer spectacular views across Monaco. The idea was simple: Nile Niami would build and sell The One, the biggest and most extravagant new home in the country. As youd expect, there are a lot of unique features, including a 60-foot pool (housed in its own separate building) with underwater music system, a trampoline room with 20-foot ceilings, a high-tech theatre that can accommodate 20 guests, six kitchens and a massive library that houses the Codex Leicester, a 16th-century Leonardo da Vinci manuscript Gates bought at auction in 1994 for $30.8 million. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. These million dollar homes knew no limits when it came to furnishing or decorating. (The buyer was anonymous and identified only as Albatross Apartment LLC.) June 30, 2021 1:07pm. Remember me for 30 days. And the skys the limit: that could mean an outdoor theatre overlooking the Mediterranean sea, an entirely circular building, or whole new levels of exciting tech. Also, the strong dollar spurred some Americans to buy property in big European cities such as London, Paris and Lisbon. When Mittal purchased the home in 2004 for 67 million (US$128 million), it was declared to be the worlds most expensive home at the time. Jim Bartsch / Coldwell Banker Located in the Holmby Hills section of Los Angeles is a megamansion that is both stunning and outrageous, a property so lavish that it inspires either envy or disdain (or both) from those who aren't in the stratospheric tax bracket one must be in to own the place. This comes at no extra cost for you and supports our team to create more content. The most expensive home for sale in the US is now a 40,000-square-foot, Georgian-style mansion owned by financier Gary Winnick. Im fortunate to have personal relationships with half, the other half well find.. The biggest new claim is from Niami himself, who says he is owed $44.4 million. "It's a modern masterpiece," said Branden Williams, of The Beverly Hills Estates, which is representing the property along with Aaron Kirman of Aaron Kirman Group at Compass. 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