What can you buy for $300 million? For starters, an unfinished home in Los Angeles


A Los Angeles mega-mansion, at 105,000 square feet and spanning over 3.8 acres on the hills of Bel Air, is about to hit the auction block, and it can be yours for just $295 million.


The nicknamed “The Home” “The One,”The property includes 42 bathrooms, 21 bedrooms and a master suite measuring approximately 5,000 square feet. There is also a 30-car garage, two-story office and a two story foyer. Robb Report. For the amenities “The One”There are also multiple swimming pools, four-lane bowling alleys, a hair and makeup salon, a juice shop, a movie theater that seats 40, a nightclub that features a DJ booth, and a library. “philanthropy wing”The magazine reported that the magazine was designed for fundraising galas and charity galas.


But the home’s history doesn’t have quite the glitz and glamor the listing photos portray. According to the real-estate publication, it has one thing: Dirt.com$165 million in defaulted debts and loans. It will be sold at auction to repay creditors.


Nile Niami (an ex-film producer turned real estate mogul) reportedly bought the property in 2012 for $28 million and then spent the next ten year renovating it with tens to millions of dollars.


In the beginning, he had hoped to sell his home for $500 million.

Dirt.com states that the home remains unfinished and will require a certificate proving occupancy to allow someone to live there. New York Post reported.


The original home was Niami’s commission. Famous architect Paul McLean had set the parameters. “most expensive home in the urban world,”According to Robb Report.

Last October, Niami’s limited liability company Crestlloyd LLC, which owns the property, filed for Chapter 11 bankruptcy protection, the Los Angeles Times reported.

Inside Edition Digital was unable to reach Crestlloyd.

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