Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

America's most expensive home flops at bankruptcy auction: Bel Air mansion 'The One' - once listed for $500million - sells for $126m, less than HALF the $295m asking price, after just five people bid on it
Daily Mail ^ | Ronny Reyes

Posted on 03/04/2022 1:40:11 PM PST by BenLurkin

Edited on 03/04/2022 2:19:53 PM PST by Admin Moderator. [history]

Concierge Auctions, which handled the sale, told the Los Angeles times that more than three dozen prospective buyers toured five-acre property in the last couple of months, including billionaires from across the US, Middle East and Asia.

However, when the auction opened on Monday, only five bidders from the US and New Zealand made offers on the 'white elephant' superhome, with the winning buyer remaining unidentified until paperwork is submitted to a U.S. Bankruptcy Court next week.


(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy
KEYWORDS: belair; theone; whiteelephant
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-92 next last
To: Scrambler Bob

They will probably demolish it and build their own. Owners of this level of wealth buy homes for the view only.


41 posted on 03/04/2022 2:19:37 PM PST by Jonty30 (How can you claim to help me with my healthcare costs when you can't pay for your own?)
[ Post Reply | Private Reply | To 3 | View Replies]

To: BenLurkin

Air B&B.. ;D


42 posted on 03/04/2022 2:19:39 PM PST by Bikkuri (I am proud to be a PureBlood.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: BenLurkin

I saw a house similar in scope and cost on a recent YouTube “tour” video. People posted comments saying the tax on that property was $1.5 million - per month!


43 posted on 03/04/2022 2:21:53 PM PST by Obadiah ("America is facing a winter of illness and death." The summary of America under Biden.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

Looks like it’s built on a leach field berm.


44 posted on 03/04/2022 2:22:12 PM PST by Track9 (Agamemnon came home to a HRC type party. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

Probably purchased by Vladimir Putin for his exile home in the USA…


45 posted on 03/04/2022 2:23:39 PM PST by ncfool (Joe Biden USSA.. United Socialist state of aMeriKa...... 11.3.2020 - President in waiting Kama-la-la)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

Probably purchased by Vladimir Putin for his exile home in the USA…


46 posted on 03/04/2022 2:26:28 PM PST by ncfool (Joe Biden USSA.. United Socialist state of aMeriKa...... 11.3.2020 - President in waiting Kama-la-la)
[ Post Reply | Private Reply | To 1 | View Replies]

Hells bells, you could turn that into a concierge hotel and conference center. It looks more like a hotel than home anyway.


47 posted on 03/04/2022 2:26:57 PM PST by AFreeBird
[ Post Reply | Private Reply | View Replies]

To: BenLurkin

They forgot to add the helipad! No self-respecting billionaire or Russian oligarch would be caught dead without one.


48 posted on 03/04/2022 2:27:11 PM PST by shotgun
[ Post Reply | Private Reply | To 1 | View Replies]

To: dynachrome

Somebody could do something with the one on Lake Superior. But there’s a scene where the water seems to come almost into the house...


49 posted on 03/04/2022 2:31:26 PM PST by Jamestown1630 ("A Republic, if you can keep it.")
[ Post Reply | Private Reply | To 34 | View Replies]

To: BenLurkin

Well, I dropped out after learning it had only 42 bathrooms.
Was really looking for 43…


50 posted on 03/04/2022 2:35:50 PM PST by GnuThere
[ Post Reply | Private Reply | To 1 | View Replies]

To: duckman
What is the monthly electric bill? Asking for a friend.

A friend of mine wants to know why your friend wants to know that.

51 posted on 03/04/2022 2:36:05 PM PST by ytrebil
[ Post Reply | Private Reply | To 12 | View Replies]

To: BenLurkin

The building looks more like an office complex than a home.


52 posted on 03/04/2022 2:39:17 PM PST by Flavious_Maximus (Fauci is a murderer)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MomwithHope

If I had the money that’s what I’d do with it. Help diversify that nice neighbor a little.


53 posted on 03/04/2022 2:39:20 PM PST by stevio
[ Post Reply | Private Reply | To 22 | View Replies]

To: Jamestown1630
Designed in 20 minutes by a third grader with a ruler.

And, if I HAD 126 mil, I'd pay that to NOT live in California.

54 posted on 03/04/2022 2:42:24 PM PST by Seaplaner (Never give in. Never give in. Never, never, never...in nothing, great or small...Winston Churchill)
[ Post Reply | Private Reply | To 5 | View Replies]

To: BenLurkin

I’ve been watching some videos about abandoned mansions, mostly in Europe, and the main common thread is that the place was built in another time where a very rich landowner could afford such a place and all the servants to go with it. Few can afford now and they require too much repair and would cost an arm & leg to heat & power. So they sit there - these architecturally astonishing and historic buildings. It’s a shame...but they’re part of a different time.

You can build these insane places but seriously, how many would ever need or want such a place? Not many.


55 posted on 03/04/2022 2:43:11 PM PST by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

Nile Niami is still living the life of luxury, as we unwashed masses would deem his life style.


56 posted on 03/04/2022 2:50:16 PM PST by hoe_cake
[ Post Reply | Private Reply | To 1 | View Replies]

To: Scrambler Bob

Bkmk


57 posted on 03/04/2022 2:52:20 PM PST by ptsal (Vote R.E.D. >>>Remove Every Democrat ***)
[ Post Reply | Private Reply | To 3 | View Replies]

To: BenLurkin

The nicest thing was the view. The rest was sterile modern.


58 posted on 03/04/2022 2:53:56 PM PST by dead (https://www.youtube.com/watch?v=D_vFiUUcBkc)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

I told them to put in granite countertops.


59 posted on 03/04/2022 2:59:24 PM PST by blueunicorn6 ("A crack shot and a good dancer”)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Slicksadick
Why would someone even conceive of this vulgarity in extravagance. My good guess is a lot of cocaine and decadence went into this project.
60 posted on 03/04/2022 2:59:45 PM PST by hoe_cake
[ Post Reply | Private Reply | To 6 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-92 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson