See inside the biggest modern home in the US, a 105,000-square-foot megamansion in Los Angeles that sold for $126 million to Fashion Nova's billionaire CEO (2024)

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Behold: A sprawling Los Angeles megamansion believed to be the biggest modern home in the US. The property is known as The One Bel Air, and it fetched $126 million at auction in 2022. It was listed on Sotheby's Concierge Auctions from February 28 to March 3, 2022. The auction site called the 105,000-square-foot home "America's most expensive and largest residence." The property, which was 10 years in the making, came from film producer-turned-real estate developer Nile Niami. Niami initially hoped to sell it for a whopping $500 million, which would have made it one of the most expensive homes in the world. But the home was beset with several delays, construction challenges, and cost overruns. In 2021, it was placed into a court-ordered receivership and later put into bankruptcy. It listed for $295 million in January 2022, making it the most expensive home for sale in the US at the time, though the price was a sharp discount from the $500 million Niami hoped to get for the home. When no buyers bit, the home went into bankruptcy auction. Though the top bid for the home was $126 million, the auction premium and commission fees brought the total closer to $141 million. The bidder? Fashion Nova's billionaire CEO, Richard Saghian. Sotheby's Concierge Auctions said the sale was "more than double the highest US sale at auction and nearly 50% higher than the world record." Here's a closer look at what Saghian got for his $141 million splurge: As you approach the property, you'll find a sculpture from Italian glassmaker Simone Cenedese in the mansion's sprawling yard. Here's the main entrance to the property. Inside, the mansion's foyer has a rotating sculpture and floor-to-ceiling windows, which make for a pretty great view at day ... ... or night. The One boasts 21 bedrooms, 42 bathrooms, and seven half-bathrooms. Like the foyer, many rooms have expansive views of Los Angeles, like this one... ...and this one. You'll find a 10,000-bottle wine cellar in the dining room. There's plenty of space to lounge around in the family living room. There are several rooms devoted to R&R. For some pampering, there's a full-service beauty salon and wellness spa. The salon is one of the more vibrantly colored rooms in the mansion, with glossy red walls. There's an entertainment room for activities like playing billiards. The mansion also boasts its own bar and cigar lounge. Here's the bar up close. In the next room over, there's a private bowling alley. It has four lanes, several shelves of bowling shoes at the ready, and bowling balls oddly evocative of Trix cereal. There's also a private nightclub on the premises... ...as well as a private movie theater. The One's 4,000-square-foot master bedroom has a walk-in closet with plenty of space for clothes, shoes, and accessories. Saghian has room for plenty of books... ...in a two-story room that can function as either a library or office and boasts its own balcony. The literal candy bar is a child's paradise. Five swimming pools dot the property. There are a few outdoors, one of which is on the roof of a 4,000-square-foot bedroom... ...while the other is above the private nightclub. Another pool functions as a floating lounge. Inside, there's a pool in a room with a living wall and a mirror on the ceiling. It's located near an exercise room... ...and a juice bar. Though the home was built in the last decade, it has taken a cue from the construction of centuries past, with a moat surrounding three sides of the property. Visitors to the mansion can have the guesthouse to themselves. The guesthouse also has floor-to-ceiling windows... ...and three bedrooms of its own. Outside again, the mansion has its own glass-walled jogging court, tennis court, and this putting green. The home's other features include a 30-car garage, six elevators, and of course, close proximity to Rodeo Drive, Beverly Hills, and downtown Los Angeles. Less than a year after buying The One, Saghian scooped up another pricey property in California. FAQs

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Real Estate

Sarah Jackson

Updated

2024-01-24T10:05:02Z

See inside the biggest modern home in the US, a 105,000-square-foot megamansion in Los Angeles that sold for $126 million to Fashion Nova's billionaire CEO (1)

The One Bel Air is a 105,000-square-foot megamansion said to be the biggest modern home in the US.
In 2022, it sold for $141 million, including fees and commission, far from the $500 million its developer once hoped to fetch.
Take a look at the home, which boasts 21 beds, 42 baths, a 10,000-square-foot sky deck, and more.

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You may have heard of fast fashion company Fashion Nova before, but did you know its billionaire chief executive is the owner of the biggest modern home in the US?

Fashion Nova founder and CEO Richard Saghian bought The One Bel Air, a 105,000-square-foot megamansion in Los Angeles, in 2022 for $126 million. With fees and commission, his total price came out to about $141 million.

The property hit a few snags on the road to its big-ticket sale. The developer originally wanted to get $500 million for the home. There were also construction delays and challenges, as well as enormous debts, associated with building the huge property.

The home was at one point put in a court-ordered receivership, and later bankruptcy, before Saghian bought it at bankruptcy auction.

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Here's a closer look at what he got for his $141 million purchase:

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Behold: A sprawling Los Angeles megamansion believed to be the biggest modern home in the US.

The property is known as The One Bel Air, and it fetched $126 million at auction in 2022.

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It was listed on Sotheby's Concierge Auctions from February 28 to March 3, 2022.

The auction site called the 105,000-square-foot home "America's most expensive and largest residence."

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The property, which was 10 years in the making, came from film producer-turned-real estate developer Nile Niami.

Niami initially hoped to sell it for a whopping $500 million, which would have made it one of the most expensive homes in the world.

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But the home was beset with several delays, construction challenges, and cost overruns. In 2021, it was placed into a court-ordered receivership and later put into bankruptcy.

It listed for $295 million in January 2022, making it the most expensive home for sale in the US at the time, though the price was a sharp discount from the $500 million Niami hoped to get for the home.

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When no buyers bit, the home went into bankruptcy auction. Though the top bid for the home was $126 million, the auction premium and commission fees brought the total closer to $141 million.

The bidder? Fashion Nova's billionaire CEO, Richard Saghian.

Source: Business Insider

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Sotheby's Concierge Auctions said the sale was "more than double the highest US sale at auction and nearly 50% higher than the world record."

Here's a closer look at what Saghian got for his $141 million splurge:

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As you approach the property, you'll find a sculpture from Italian glassmaker Simone Cenedese in the mansion's sprawling yard.

Here's the main entrance to the property.

Advertisem*nt

Inside, the mansion's foyer has a rotating sculpture and floor-to-ceiling windows, which make for a pretty great view at day ...

... or night.

Advertisem*nt

The One boasts 21 bedrooms, 42 bathrooms, and seven half-bathrooms.

Like the foyer, many rooms have expansive views of Los Angeles, like this one...

Advertisem*nt

...and this one.

You'll find a 10,000-bottle wine cellar in the dining room.

Advertisem*nt

There's plenty of space to lounge around in the family living room.

There are several rooms devoted to R&R.

Advertisem*nt

For some pampering, there's a full-service beauty salon and wellness spa.

The salon is one of the more vibrantly colored rooms in the mansion, with glossy red walls.

Advertisem*nt

There's an entertainment room for activities like playing billiards.

The mansion also boasts its own bar and cigar lounge.

Advertisem*nt

Here's the bar up close.

In the next room over, there's a private bowling alley.

Advertisem*nt

It has four lanes, several shelves of bowling shoes at the ready, and bowling balls oddly evocative of Trix cereal.

There's also a private nightclub on the premises...

Advertisem*nt

...as well as a private movie theater.

The One's 4,000-square-foot master bedroom has a walk-in closet with plenty of space for clothes, shoes, and accessories.

Advertisem*nt

Saghian has room for plenty of books...

...in a two-story room that can function as either a library or office and boasts its own balcony.

Advertisem*nt

The literal candy bar is a child's paradise.

Five swimming pools dot the property.

Advertisem*nt

There are a few outdoors, one of which is on the roof of a 4,000-square-foot bedroom...

...while the other is above the private nightclub.

Advertisem*nt

Another pool functions as a floating lounge.

Inside, there's a pool in a room with a living wall and a mirror on the ceiling.

Advertisem*nt

It's located near an exercise room...

...and a juice bar.

Advertisem*nt

Though the home was built in the last decade, it has taken a cue from the construction of centuries past, with a moat surrounding three sides of the property.

Visitors to the mansion can have the guesthouse to themselves.

Advertisem*nt

The guesthouse also has floor-to-ceiling windows...

...and three bedrooms of its own.

Advertisem*nt

Outside again, the mansion has its own glass-walled jogging court, tennis court, and this putting green.

The home's other features include a 30-car garage, six elevators, and of course, close proximity to Rodeo Drive, Beverly Hills, and downtown Los Angeles.

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Less than a year after buying The One, Saghian scooped up another pricey property in California.

He paid $40 million in an all-cash deal for a 6,000-square-foot beachfront home in an exclusive Malibu area known as "Billionaire's Beach," The Real Deal reported in January 2023.

FAQs

What is the 105000 square-foot Los Angeles Megamansion known as The One? ›

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). Bel-Air, Los Angeles, California, U.S.

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Who bought the $500 million dollar house in LA? ›

The buyer of the Bel-Air mega mansion dubbed 'The One' has been revealed to be none other than Fashion Nova CEO Richard Saghian days after the estate sold well below its asking price at auction.

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Who owns the largest house in Los Angeles? ›

You may have heard of fast fashion company Fashion Nova before, but did you know its billionaire chief executive is the owner of the biggest modern home in the US? Fashion Nova founder and CEO Richard Saghian bought The One Bel Air, a 105,000-square-foot megamansion in Los Angeles, in 2022 for $126 million.

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What is the largest modern home in the United States? ›

Meet "The One Bel Air" – a Los Angeles megamansion that is believed to be the largest modern home in the United States. According to Architectural Digest, the record-breaking estate has 105,000 square feet of living space, including 42 bathrooms, 21 bedrooms and a 5,500-square-foot master suite.

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Who owns The One house in America? ›

It costs around $50,000 a month to keep Bel Air megamansion 'The One' cool in the summer. Keeping “The One” cool is an even more expensive endeavor than you'd expect. Earlier this year, Richard Saghian, owner of the fast-fashion business Fashion Nova, bought the Los Angeles mansion known as “The One” for $141 million.

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Who lives at 901 Airole Way Bel Air? ›

In 01/2012, the movie and television star, Jennifer Aniston (b. 1969) purchased the residence for $22 million, down from an asking price of $29 million in 04/2011. The residence was sited on a 3-acre hilltop and, with its steel framing, designer A.

Read On ›

Which celebrity owns the biggest house? ›

Bill Gates. It took seven years and $63 million to build Bill Gates' 66,000-square-foot Medina, Washington, estate, named Xanadu 2.0. Now, it's estimated to be worth more than $130 million. The mansion property boasts some pretty cool features, like a 60-foot pool, a towering trampoline, and sand imported from St.

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What is the largest privately owned mansion in the United States? ›

Biltmore House (or Biltmore Mansion), the main residence, is a Châteauesque-style mansion built for George Washington Vanderbilt II between 1889 and 1895 and is the largest privately owned house in the United States, at 178,926 sq ft (16,622.8 m²) of floor space and 135,280 sq ft (12,568 m²) of living area.

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Who owns the world's biggest house? ›

Istana Nurul Iman

The home belongs to the Sultan of Brunei, and its name translates as "Palace of the Light of Faith." It apparently has 1,788 bedrooms, five swimming pools, and an air-conditioned stable that can hold as many as 200 horses.

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Who has the most expensive house in America? ›

If it sells for its asking price, $295 million, it will set a new real estate record in the United States as the most expensive home ever sold in the country. Financier Ken Griffin's purchase of $240 million penthouse on Billionaire's Row in Manhattan currently holds the title.

What is the largest private residence in the world? ›

Istana Nurul Iman Palace, the official residence of the Sultan of Brunei, Hassanal Bolkiah, is the largest house in the world, spread over 2.15 million square feet.

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Who owns the most houses in the US? ›

Blackstone Group is by far the biggest buyer of single family houses with an estimated $2.5 billion totaling up to 16,000 single-family houses and they are currently in Atlanta GA, Chicago IL, Las Vegas NV, Phoenix AZ, and Inland Empire, LA, Sacremento Valley, Bay Area, Central Valley California, Miami Orlando and ...

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Where is The One house in LA? ›

Paradise beyond compare awaits in “The One”, a masterpiece of an estate that truly redefines luxury. This 105,000-square-foot work of art appears to float above the very city of Los Angeles itself, elevated for maximum panoramic views and surrounded on three sides with a shimmering moat of water.

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How many square feet is the Beverly Halls house? ›

with a grand main house, guest abode and pool Pavilion. Totaling approximately 17,000 square feet, this property boasts six bedrooms and 10 bathrooms.

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How many square feet are most mansions? ›

What size is a mansion? A mansion is usually at least 5,000 square feet, with some only qualifying homes above 8,000 square feet as mansions.

Get More Info Here ›