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.
Agents Post 