September 17, 2021 astatine 12:00 pm
BEL AIR (CBSLA) – One of the world’s largest homes is going connected the market. A 100,000 sq. ft. megamansion successful Bel Air volition beryllium listed aft the developer defaulted connected his loans.
The house, known arsenic “The One” has been nether operation for the past respective years. The archetypal asking terms was $500 million.
The mansion has a bowling alley, salon, cigar room, and 50-seat movie theatre inside.
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The developer defaulted connected $100 cardinal of indebtedness and present the tribunal is stepping in, forcing the location to beryllium sold. The asking terms is yet to beryllium determined.
“There is simply a tiny fistful of individuals successful the satellite that tin suffice to get a spot similar this,” said Eric Lavey, elder planetary existent property advisor of Sotheby’s.
The location needs permits finalized earlier it tin beryllium listed for sale.