One-Time Most Expensive House for Sale in America Will Be Auctioned Amid Bankruptcy Proceedings

A Bel-Air mega mansion is being auctioned for a bargain — comparitively.
The famed ‘The One’ estate — which was once listed for $500 million and dubbed the most expensive house for sale in America — will now hit the auction block at the much lower price of $295 million dollars.
The property’s developer Nile Niami and his company Crestlloyd filed an agreement in U.S. Bankruptcy Court in December to auction off the 105,000-square-foot estate to help pay back creditors the $180 million that he spent on the property, according to the Los Angeles Times.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s