Williams China USA California Saudi Arabia Los Angeles, state California reports Dreams and Williams China USA California Saudi Arabia Los Angeles, state California

America's 'most expensive home' is attracting royal interest and could sell for $500m

Reading now: 237
www.dailystar.co.uk

The most expensive home in America, described as "a modern masterpiece", could sell for up to a whopping $500 million (£370 million) at auction if it doesn't sell quickly.

On Friday, the Los Angeles, California dream property became the most expensive listing in the US when it was listed for $295 million (£217 million).However, if it doesn't sell by February it will be auctioned and could fetch up to $500 million.The 105,000-square-foot mega mansion, which features an excessive 21 bedrooms and 42 bathrooms, was built by Nile Niami, a Hollywood-producer-turned-developer, who promoted the hilltop haunt as the “biggest and most expensive modern home in America".Because of Miami's growing costs the project plunged into mayhem and it was placed into receivership last year, meaning that as part of a bankruptcy agreement it could be flogged to the highest bidder if it doesn't sell quickly.“It’s a modern masterpiece,” said Branden Williams, of The Beverly Hills Estates, which is representing the property along with Aaron Kirman of Aaron Kirman Group at Compass. “It’s four acres at the top of a mountain in Bel Air, and it can never be built again.”CNBC reported that the house would have to sell for around $200 million just to pay back the debt, including the auction fees and other costs.Brokers say interest in “The One”, as it is nicknamed, has already been strong.

A Saudi royal and a wealthy Chinese buyer are said to have bids on the table.Crypto buyers are reportedly set to swoop as they look to make the Bel Air property "their own space station".“There is going to be huge demand for this property,” Kirman said. “Demand for U.S.

Read more on dailystar.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA