Originally marketed at $500 million by developer Nile Niami, the scandal-plagued Bel Air mansion was listed for $295 million in auction in January 2022, but sold for only $141 million in March 2022 to Richard Saghian, CEO of fast fashion company Fashion Nova. Designed by architect Paul McClean, the hilltop home sold at auction to Fashion Nova founder Richard Saghian in March. 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. When completed it will be priced at $500m. The views will be preserved in perpetuity. The Williamses, along with Stuart Vetterick of Hilton & Hyland, represented Saghian in the deal. Whoever buys it may soon have a mega-headache, Column: While workers struggled during the pandemic, CEO pay went up, up, up, A $150,000 executive protection dog? Our likely buyer for this property is an individual who wants to build his or her own compound, says Kirman. The 36-year-old artist bought the $75 million property in Benedict Canyon from English singer-songwriter Robbie Williams in March, four months before selling his Hidden Hills compound, affectionately known as Yolo Estate, for $12 million. Designed by L.A. architectural firm KAA Design Group, Drakes new 20,000-square-foot mansion has 22 bathrooms, an 11-car garage and a wine cellar. Because what happens when you bring together an architect limited only by gravity and an owner with a bottomless wallet? The Ones developer, Nile Niami, originally envisioned lavish amenties like a jellyfish room (with tanks of live sea creatures) and a bar made from a block of ice, neither of which were built. Opinions expressed by Forbes Contributors are their own. Known as the worlds most expensive flat, it sits at the top of a 560ft skyscraper. Billionaire bidders will pass judgment this week. The question who owns the most expensive house in the world?" Williams said he has two offers on the table one from a Saudi royal and one from a wealthy Chinese buyer. Those include 10 bedrooms, a large and well-equipped spa with a massage area, a gym, both an outdoor and indoor pool, and fireplaces dotted throughout. A one-of-a-kind home in Bel Air, California, is claiming the title of the world's largest and America's most expensive residence. Concierge said its auction site drew views from 170 countries, including Australia, the United Kingdom, Germany, France and Italy and generated some 2,800 prospects. While the original Playboy Mansion was in Chicago, magazine founder Hugh Hefner bought the second Playboy Mansion back in 1971 for a mere $1.1 million. Hef, who died in September 2017, put the notorious party house on the market in 2016, asking $200 million with the caveat that whoever purchased it would have to allow him to live out his final days there. Nondisclosure agreements kept all three from discussing the buyer, and covered others involved in the auction. Tech tycoons and other plutocrats are splashing fortunes for homes breaking records for scale, opulence and excess. The Four Fairfield Pond, owned by Ira Renner (owner of the Renco Group), is a luxurious property in Sagaponack, New York. The Odeon Tower Penthouse is renowned as the world's most expensive flat. 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. Bezos' property in the Kalorama neighborhood consists of two homes totaling 27,000 square feet. Inside a St John's Wood mega mansion. Ultimately, Kirman said, the 10 years of drama around the house won't deter buyers once they tour the property. Built roughly around 1830, the 18,000-square-foot Villa Les Cdres (named after the many surrounding Cedar trees) is more of a luxury palace than it is a simple home. The privately held company is owned outright by Saghian and its annual sales now top $1 billion, according to a source close to the company. A birds eye view at the Palais Bulles reveals a collection of circular buildings. The house has an estimated value of $248 million. "The One" is situated on 3.8 acres with much of the residence surrounded by a moat-like water feature. Many of the propertys other creditors will take losses. The sprawling grounds also feature a mosaic-tiled pool, a tennis court and orchard. 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. Of course, the world's most affluent are the biggest spenders on property. Lawrence Perkins, the turnaround specialist in charge of Crestlloyd, has raised the possibility that the winning bidder may not end up with the house. He owns two other homes in Southern California, including a Malibu beach house that he purchased from Netflix CEO Ted Sarandos last year for $14.7 million. This copy is for your personal, non-commercial use only. Tuko.co.ke featured an informative article about the phone with the highest price tag, possessing high-end features. You may occasionally receive promotional content from the Los Angeles Times. The property sits at the top of a 560 feet skyscraper overlooking the Mediterranean Sea. The Los Angeles native is self-made, the son of a single mother schoolteacher. That price also makes it the most expensive . No one understands until they get up there. You can also peek inside Meghan Markles former LA home. He is due to put an even more. Warner Estate, Los Angeles, California - $165 million Warner Estate, Los Angeles, California. The Seven Pinnacle boasts a private golf and ski community in the world at Yellowstone Club in Montana. He currently has four other properties at various stages of readiness in or close to Bel Air, Beverly Hills and Holmby Hills, a money zone realtors call the Platinum Triangle. It has seven water features, including a massive moat that runs around the property. The house also has panoramic views of downtown Los Angeles, the San Gabriel Mountains, and the Pacific Ocean. 13. "But when a potential buyer walks the site they'll see the opportunity is so extraordinary that the past won't really matter anymore.". From this hilltop eyrie in Bel Air, LAs plushest neighbourhood, other estates belonging to the likes of Jennifer Aniston and Elon Musk look puny in comparison. Eight of the 16 most expensive homes sold in the past decade were in California, including a Holmby Hills mansion that sold in 2019 for almost $120 million and a nine-acre estate in Woodside that . The most expensive home for sale in the United States just hit the market for $250 millionand it includes a helicopter, complete car and art collection, and seven full-time staff. Yes, billion with a bas in Bezos, Buffett and Bloomberg. Value: $2 billion(USD); considered to be the most expensive private home in the world. Its filled with state-of-the-art technology, like tiny pins attached to each guests lapel so they can control lighting, music, and temperature. The megamansion was placed into receivership last year. The One cost Saghian far more than his other homes, but his winning bid was less than half the propertys $295-million list price. Los Angeles America's costliest house: developer takes $500m gamble on Bel Air eyrie Niles Niami at his completed property The Opus in Los Angeles, California. Value: $222 million (USD) Located on Britain's most expensive street (aka London's "Billionaire's Row"), this historic property is owned by Laksmi Mittal, who owns the world's largest steel manufacturing company and is one of India's richest men. He has ruled out London, beyond financial sanity even for a badass. Sign In. Let that soak in.. The formal dining room includes seating for 20 and an over-sized glass wine cellar for displaying large-format bottles. He joined the paper in 2015 as an assistant business editor and has overseen finance, real estate and Washington business coverage. On top of this, the mega-mansion possesses 39 bathrooms, a basketball court, three swimming pools, a 91-foot dining room and sporting amenities. The Cristal room at Niles Niamis property The Opus. Estimates vary about the value of this luxury penthouse atop a 56-storey skyscraper in Monaco, which has been valued at somewhere between $387 million and $400 million. The most exciting thing about the house is that it overlooks a crowded slum. When Hearst was forced to leave the home due to ill health in 1947, it still hadnt been completed. Along with a record-setting price, "The One" also comes with a history of drama, lawsuits and debt. The second home, the Mediterranean style Villa Serena, was built in 1913 for former Secretary of State William Jennings Bryan. You get a luxury house filled with bespoke features tailored exactly to your personality and taste. Psssssst, you don't have to live in the most expensive house in the world to upgrade your home to look and feel like million bucks. The idea was simple: Nile Niami would build and sell The One, the biggest and most extravagant new home in the country. This is the only opportunity to own your own mountain that looks down at all of Los Angeles. Check our round-up of the best online furniture stores to find the best places to shop for beautiful furniture online. The villa-style home has parking for 20-plus cars, a formal dining room that seats 18, and a two-story library, a movie theater, a beauty salon and a pool. If it doesn't sell quickly, "The One" heads to auction in February and will be sold to the highest bidder. After shopping around for a new home in Los Angeles for months, Drake landed in the Beverly Hills area with a 20-acre estate, a size and scale unheard of in 90732. Some rich personalities have gone all out on building incredibly out-of-this-world dwellings worth billions. The house is 57,000 square feet and is owned by Tim Blixseth and Edra Blixseth. On the global front, residential property sales slumped, but not everywhere. The house I grew up in was as big as some of my bathrooms now. He started out doing makeup for films and graduated to producing B movies, including a 1998 Steven Seagal flick called The Patriot. British heiress Petra Ecclestone purchased the home from Spellings widow, Candy Spelling, for $85M in 2011. Value: $2.9 billion (USD)/p> The unprecedented Beverly Hills hilltop compound boasts 1.5 million square feet of ready-to-build zoned lots, proximity to Rodeo Drive shopping, and birds-eye views stretching from downtown L.A. to the Pacific Ocean to Catalina Island. 2023 This content is restricted to adults of legal age. Among the billionaires undeterred by the economy last year was Oracle cofounder Larry Ellison who, after just missing 2021s most expensive home sales list, topped the list in 2022 with the purchase of Netscape cofounder Jim Clarks 16-acre compound in Manalapan, Florida for $173 million. The seller was . According to Luxe Digital, the following are the world's highest-priced properties. The five-storey penthouse boasts nearly 10,000 square feet of living space, as well as floor-to-ceiling windows offering stunning 360-degree views of Monaco. Learn more about how we curate the best products for you. Theres a hairdressing salon, an indoor swimming pool, a spa, steam showers, and saunas as well as parking for 20 cars. The megamansion is sometimes referred to as "the space station" because of its massive size and unusual shape. Related: Mindy Kaling Buys Frank Sinatras Former Malibu Mansion for $9.5M. The seller, philanthropist Adrienne Arsht, the former head of TotalBank. 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. Seven The Pinnacle is a large property worth an estimated $195 million. Then, it was renovated both inside and out by its owner, Jeff Greene, who more than doubled the value of the property once hed spent a few years changing it up. Designed by William Hablinski, the compound includes the massive main house, in addition to a two-storey guest house, cabana, full-size tennis court, additional sports court and a swimming pool, all on 12.5 acres. Wherever it lands, it lands. Anyone living here will go out for dinner. The 105,000 square-foot mansion, located in Bel-Air, Los Angeles, is the largest home in the entire world The home, which took eight years to construct, has just been completed and is now up for. No one bit so Niami excluded the art and the cars and recently dropped the price to $77.5m. If youre super rich, audacious and aroused enough to place the winning bid, bring your glamping gear. Check your inbox to be the first to know the hottest news. When films didnt make enough money he switched to real estate. Darmiento previously had been the managing editor of the Los Angeles Business Journal and was a reporter for the Los Angeles Daily News and other outlets. As its name suggests, this luxury property in Thoule-Sur-Mer near Cannes is shaped like a huge, terracotta-colored bubble. Beneath him is a gargantuan glass and marble residence with moats, four swimming pools, 20 bedrooms, a nightclub, a bowling alley, a cinema and walls and ceilings made of jellyfish aquariums. The houses original owner, Edward Safra, passed away and left it to his wife. The construction of this and other so-called giga-mansions underscores a new gilded age in the United States and especially in LA. He won the bid despite falling short of the estate's $295 million list price. This comes at no extra cost for you and supports our team to create more content. Writer, pop culture virtuoso and luxury lunatic, More than 5,000 plants and 500 trees were, The billionaire buyer of the 157-acre compound can, But what a small inconvenience compared to what you, 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). Ironic, considering the buyer will undoubtedly value intense privacy. 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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. As part of a bankruptcy agreement struck last month, it was scheduled to be sold at an auction, beginning Feb. 7. Despite being under construction for years, it is not complete and it lacks a certificate of occupancy as well as crucial permits for grading, electrical and other work. 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. Built in 1975, the Mediterranean estate offers private access to the beach, manicured gardens, a resort-like swimming pool and north/south lighted tennis court. The view from the primary bedroom where retractable glass walls open to a wraparound balcony overlooking LA. So, what makes it unique? A dream bachelor pad, says Niami. Read our guide to see all the most expensive homes in the world. The house is in the Frances Alps-Maritime department of its Cote dAzur Region and occupies around 50 acres. Mega mansions or a million dollar house doesnt really cover it: the worlds biggest house comes with 240 bedrooms and 535 other rooms. Kirman says the property is ideal for someone looking to make a grand entrance into Los Angeles society. There is a kitchen but he doesnt expect it to be used. A 105,000-square-foot Los Angeles megamansion known as "The One" listed Friday for $295 million, making it the most expensive listing in the U.S. Located directly across the street from the former Playboy Mansion, the parcels were purchased by Livingstone in 2014 and 2017 for a combined $72 million. Data is a real-time snapshot *Data is delayed at least 15 minutes. Estimated value: $23 million. This compound may even be paparazzi proof. The property occupies around 50 acres. They apparently would disappoint F Scott Fitzgerald, who declared the rich a different breed. The rich consider it a safe and long-term investment, and they spend the craziest amounts to realize outlandish and unimaginable designs. And since Cardins death in 2020, the entire estate is available to rent, but not (yet) available to the public. Rich L.A. homeowners are snapping them up, Elizabeth Holmes cites her new baby as a reason she should avoid prison for Theranos scam, ChatGPT who? The 50-year-old developer is a showman. Another trophy home collector, billionaire hedge fund manager Ken Griffin also added a new property to his collection last year with the purchase of a $107 million home in Miami. The property was designed by architect Alexandre Giraldi and developed by Groupe Mazococo. 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