It’s the most expensive house in America and the seventh costliest in the world, and for just £217 million, you too could call it home.
Looking out over Los Angeles, the white marble and glass structure is hoping to attract a buyer from among the world’s 3,890 billionaires to enjoy its 21 bedrooms, 42 bathrooms, nightclub, wellness centre, bowling alley and 40-seat cinema.
The swanky property looks down on neighbours Jennifer Aniston, Clint Eastwood and Beyonce who can boast only 30,000 sq ft compared to the 105,000 sq ft which has been named The One.
Some might consider the house a bargain, having dropped from its original asking price of £368 million. But this property’s history offers a cautionary tale to prospective buyers.
It took 10 years to get The One to its current condition having been conceived by film producer turned developer Nile Niami and designed by LA architect Paul McClean.
Niami, shaved 40ft off the hillside, removing 30,000 cubic metres of dirt, to level the site but the mega-mansion went into receivership last year with more than $165 million owed in defaulted loans, debt and unpaid taxes.
It now faces a court-ordered sale to recoup the money owed to lenders.
At first glance, it looks more like a resort than a home. Water features, sculptures and of course the wellness suite and not one but 5 pools. Think of all the exercise you’ll get running between them all.
And of course, no self-respecting billionaire is going to buy a home without a designated Candy Room – where else are you going to get your pick n mix before movie night?
The garage can fit up to 30 cars and just in case you haven’t mastered the art of the three-point turn, there are two turntables so that it can be done for you.
There are umpteen living rooms and dining rooms, a restaurant-style kitchen because you clearly aren’t going to be cooking for yourself, and a temperature-controlled wine cellar for 10,000 bottles of your vintage plonk.
Most of us are delighted if we have an en suite in the bedroom, but the 5,500 sq ft room with a view master bedroom has a kitchen too. So much easier for those midnight munchies.
A walk-in wardrobe has miles of shelves for your designer gear and jewellery.
The magic of The One seems to be getting to me because I find myself thinking: ‘This is actually all quite liveable.’ Time to get back to reality.
This monument to excess can never be replicated in Los Angeles as the city has now limited the construction of mega-mansions.
The agents believe the property could be just one of many for your average billionaire, rather like investing in a work of art. Whether you love it or hate it, there are already several offers on the table ahead of the auction. All of whom put down a deposit of $250,000, just to show they weren’t time wasters.