Ambitious Developer Plans to Sell This L.A. Home He’s Building For $500 Million
By Laura Dang
May 30, 2015
The construction of a jaw-dropping, record-setting $500 million home is currently underway on a hilltop in Los Angeles.
The 4.6-acre property will feature a 74,000 square-foot main house along with three smaller ones that in total encompass a 100,000 square-foot area of land. Nile Niami, the mastermind behind the extravagant estate, claims it will have “almost every amenity available in the world.”
The speculative residential developer and former film producer’s latest project in Bel Air will also have four swimming pools, including a 180-foot infinity pool, and a surrounding 20,000 square-foot area of synthetic grass. The hilltop mansion will even offer 360-degree views overlooking the Pacific Ocean, Beverly Hills, San Fernando Valley and downtown Los Angeles. Nile Niami told Bloomberg that the future owners of the house will also enjoy a 5,000 square-foot master bedroom, a 30-car garage and a Monaco-style casino.
If the $500 million mega-mansion is purchased, it will set the real estate record for most expensive home ever sold in the world, according to Bloomberg.
The designer of the house, Paul Mcclean, plans to remove 40,000 cubic yards of earth for the construction of the $500 million home. The amount of dirt is equivalent to the size of an American football field covered by 20 feet of dirt.
The estate will also have a 8,500 square-foot nightclub.
The mansion will include a 45-seat IMAX-style theater.
There will be a jellyfish room with tanks on three walls and a light-changing ceiling.
The most expensive home ever purchased in the U.S. was bought last year by Barry Rosenstein in East Hampton, New York for $147 million. The most expensive property ever bought is a London penthouse for $221 million back in 2011. If you’re planning to sell your home, it’s recommended to visit real estate websites like https://www.housebuyersofamerica.com/maryland and learn how you can sell your property fast and for a great price.
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