The One Bel Air, the biggest modern home in the US, sold in 2022 to Fashion Nova CEO Richard Saghian.
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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.
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.
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.
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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.
The One Bel Air, the biggest modern home in the US, sold in 2022 to Fashion Nova CEO Richard Saghian.
Allen J. Schaben / Los Angeles Times via Getty Images
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.
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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.”
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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.
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Here’s the main entrance to the property.
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Inside, the mansion’s foyer has a rotating sculpture and floor-to-ceiling windows, which make for a pretty great view at day …
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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…
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.
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There are several rooms devoted to R&R.
For some pampering, there’s a full-service beauty salon and wellness spa.
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The salon is one of the more vibrantly colored rooms in the mansion, with glossy red walls.
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There’s an entertainment room for activities like playing billiards.
The mansion also boasts its own bar and cigar lounge.
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In the next room over, there’s a private bowling alley.
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It has four lanes, several shelves of bowling shoes at the ready, and bowling balls oddly evocative of Trix cereal.
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There’s also a private nightclub on the premises…
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…as well as a private movie theater.
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The One’s 4,000-square-foot master bedroom has a walk-in closet with plenty of space for clothes, shoes, and accessories.
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Saghian has room for plenty of books…
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…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.
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There are a few outdoors, one of which is on the roof of a 4,000-square-foot bedroom…
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…while the other is above the private nightclub.
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Another pool functions as a floating lounge.
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Inside, there’s a pool in a room with a living wall and a mirror on the ceiling.
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It’s located near an exercise room…
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.
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Visitors to the mansion can have the guesthouse to themselves.
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The guesthouse also has floor-to-ceiling windows…
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…and three bedrooms of its own.
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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.
