The Plight of the $500 Million Mega-Mansion “The One”
For those who have a taste for luxurious living, “The One” is sure to leave them awestruck. The mega-mansion is located in Bel-Air, Los Angeles, and sprawls across 105,000 square feet of land, boasting a whopping 42 bathrooms and 21 bedrooms.
Take one look at it and you can immediately tell that this property is a statement piece among the steep hills of Bel-Air due to its design, which was completed by Paul McClean, the leading architect of our time. Today, we will look closer at what makes The One so spectacular and why it’s astonishing fall from grace.
The Lavish Features of “The One”
As previously mentioned, The One boasts 21 bedrooms and 42 bathrooms. But that is not all–this mansion is packed with some top-notch features that will make you feel like royalty every day.
Featuring five indoor and outdoor swimming pools, a 4-lane bowling alley, a candy room, a cigar lounge, a movie theater, a nightclub, and a helicopter hangar, The One is more than just a regular house. It is an experience through and through.
If the features are not enough to convince you, one look at the interior designer’s work should be. Everything from the walls and flooring to the furnishings and finishes screams luxury personified. So, from the moment you enter the gate, you will be welcomed by an awe-inspiring courtyard that provides a spectacular family gathering spot.
Moving inside, you will notice the living rooms are draped in modern art, decadent carpets, and custom furniture. If you are looking to host a fancy party, The One comes with a sprawling kitchen intentionally designed to turn any meal or event into a gastronomic masterpiece.
When you buy a mansion as luxurious as The One, only a spectacular location can do it justice. Positioned atop Bel-Air’s hills overlooking Los Angeles, The One provides an expansive view of the sunset, Hollywood, Beverly Hills, and the Pacific Ocean.
Thus, it is a perfect spot for people who appreciate grandiose living.
For a mansion that was originally touted to be worth a staggering $500 million, it is undoubtedly necessary to ensure it is secure. The One is built to guarantee you the utmost protection, right from its perimeter walls all the way to high-tech security systems.
Similarly, the property’s helipad is also at the highest level to ensure complete privacy and security for the residents.
The One is a perfect example of what luxury living should look like. No expense was spared in the construction of this mega-mansion. From the features, design, and location to the security, The One has it all. The One is a piece of artwork on its right. And is sure to add impeccable elegance to any buyer’s portfolio.
However, this luxurious estate, which was once valued at $500 million, had quite the fall from grace. During its construction, the project faced various setbacks and delays. The estimated cost of “The One” was initially set at $500 million, but reports suggest that the project faced financial challenges, and the costs exceeded the original budget.
As a result, it experienced delays and faced legal issues related to financing and construction disputes. By the end of 2021, there was considerable speculation about the mansion’s future after bankruptcy reports surfaced about its designer and owners. The dramatic end to the saga finally came in March 2022, when The One hit the auction block at a bankruptcy auction and sold for a “meager” $141 million!
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