At left, is a lap pool surrounded by white marble. Two images show the interior of the mega mansion. While the world’s wealthy have recently tended to favor smaller, well-placed apartments in major cities (the previous most expensive US home was a $238m for a New York City penthouse), the experience of “being in a lockdown” has seen demand for “really big” properties surge – a trend that harks back to the mega mansions of the early aughts.
However divisive, the sale of The One is consistent with a pandemic-driven shift in the tastes of the super-rich, said Chad Roffers, the president of Concierge Auctions, which conducted the online sale. Niami did not immediately respond to attempts to contact him after the auction’s close. Niles Niami, the mansion developer who built The One, and described his aesthetic, simply, as “badass”, had floated increasingly desperate plans to avoid auctioning it off, the Los Angeles Times reported, including turning it into an events space for boxing matches and holographic appearances of dead celebrities such as Michael Jackson and Whitney Houston, and making a cryptocurrency called “The One Coin” backed by the value of the property. The judge will also oversee disputes over who gets how much money from the property’s much-delayed sale. With a sale price tens of millions of dollars below that, some of the creditors who loaned money to build the mansion will probably get only partial repayment, and some may get nothing at all, Moldo said. Photograph: Marc Angeles/courtesy of Concierge AuctionsĪccording to bankruptcy court records, the current debt on the property totals $191m, the Los Angeles Time reported.
Venture towns mansion movie#
Some of the mega mansion’s features include a private movie theater, a nightclub, a juice bar and a cigar lounge. A bankruptcy court judge will review and approve the sale later this month. While the identity of the buyer must be disclosed as part of the ongoing bankruptcy proceedings, it might be a corporation or an LLC designed to shield the identity of the purchaser, he said. The prospect of dealing with a $141m fixer-upper “could have had a large impact in terms of perhaps limiting the number of interested buyers, and how much they’re prepared to pay”, Moldo said.
Venture towns mansion cracked#
The strikingly low price is most likely a result of the unfinished state of the property, and the amount of additional work that will be necessary “to get it into a condition where it can be occupied”, said Byron Moldo, a Los Angeles attorney specializing in bankruptcy law, and does not necessarily mean the era of the mega mansion is over.Ī court-appointed receiver had estimated the property needed at least $10m to fix problems such as cracked marble and water leakage, the Los Angeles Times reported.
Photograph: Allen J Schaben/Los Angeles Times/Getty Images The guest house at the 100,000 sq foot hilltop mansion. Of concern to those buyers, The One still does not have a certificate of occupancy, the final health and safety permit needed to certify that it’s ready for residents to actually move in, and it still needs some “finishing touches”, as one realtor put it, since its construction is not complete. It has been mired in legal battles and bankruptcy proceedings, and its current auction, which is being overseen by a bankruptcy court, was postponed several times to try to attract more potential wealthy buyers. There is also a bowling alley, with four lanes.ĭespite its hefty price tag, the property comes with a host of issues.
Venture towns mansion full#
Its amenities include 42 full bathrooms and 7 half bathrooms, a nightclub, a private running track, a 40-seat movie screening room, a juice bar, a cigar lounge, a “philanthropy pavilion”, a 30-plus car garage with two car-display turntables, a 10,000-bottle wine cellar, and five pools and other “water features”, including a private pool to accompany the master bedroom. The 100,000 sq foot hilltop mansion built over the last decade is surrounded on three sides by a large moat and has 360 degree views of Los Angeles, the mountains and the Pacific Ocean. Photograph: Marc Angeles/courtesy of Concierge Auctionsĭevelopers and real estate agents had dubbed the property “The One”, and said a residence of its scale would never be built again in Los Angeles. The 21-bedroom mega mansion sold for a fraction of its original asking price of $500m.
0 kommentar(er)
