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Showing posts with the label Real Estate

The most Expensive Home in the United States is Called 'The One' & it's listed for $295,000,000 {Watch}

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Owner: Richard Saghian Architects: Paul McClean Developer: Nile Niami Youtube : Enes Yilmazer ----------- 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 m2) on 3.8 acres (1.5 ha). Construction began in 2014. Following delays, it was completed in 2021. Niami initially sought to sell the mansion for $500 million, but his company fell into bankruptcy and the building sold at auction for $126 million, a record auction sale price in the United States. Niami acknowledged that he had to halt construction at times due to a lack of financing. Niami borrowed $82.5 million from Don Hankey's investment fund, Hankey Capital, in 2018. The debt grew to over $110 million by March 2021, when Hankey served Niami with a notice of default, giving Niami 90 days to r...

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