A bevy of lovely ladies surround our owner. Heck, even Yolanda drives a luxury automobile. Nile Niami’s Opus megamansion has finally sold to someone who didn’t pay to develop it. Copyright © 2021 Penske Business Media, LLC. Niami completed Opus in 2017. All rights reserved © 2021 The Real Deal is a registered Trademark of Korangy Publishing Inc. Exotic vehicles roar up the driveway. The ONE, Bel Air, California– the most expensive home in the world. REAL NEWS, REAL DEALS DELIVERED DIRECTLY TO YOU. These cookies do not store any personal information. Makowsky currently is offering the most expensive house for sale in America. The message is simple: buy this place and you’ll become the most popular guy in LA. The home has garnered a slew of conflicting opinions from native luxurious brokers. And if y’all have seen this vid, well, don’t whine. Javascript is disabled in your web browser. When The One is completed sometime in the next few months, it will carry an unprecedented $500 million pricetag. He gives a hardened glance at the glass rooftop pool, where a bikini-clad young woman is frolicking. Foreclosure looms for Nile Niami’s infamous mega-mansion ‘The One’ The One, a 100,000-square-foot mega-mansion in Bel-Air, may be headed for foreclosure as developer Nile Niami … Unless the owner is our world’s most self-absorbed narcissist, we think the basic question of “who actually likes me for me?” will always nag at him. 4,004 Likes, 466 Comments - Nile Niami (@nileniami) on Instagram: “7 Years in the making. Nile Niami is an ex-movie producer turned mega developer of the country’s most extravagant and elegant mansions with over 30 properties under his portfolio. Eventually the lights will dim, the trysts will end, and the owner’s guests will stagger out to their chauffeur-driven Maybachs and Escalades. And while the owner of this house may be The Most Interesting Man in the World™ during his parties, how many of those girls are actually laughing at his wit? We firmly believe that. We also use third-party cookies that help us analyze and understand how you use this website. Assistants? Necessary cookies are absolutely essential for the website to function properly. But how often can those parties be thrown? Since then, he has sunk tens of millions more (and nearly six years of his time) into creating his residential pièce de résistance. How many of them are attracted more to his house, his pocketbook and connections? Telling? To build the property, Niami bought three ranches from late video game heiress Rita Kogan in 2012 for $28 million and took out an $82.5 million loan to build a house … As the promo video so clearly shows, he’s purchasing a whole lifestyle. The property struggled to attract buyers and the asking price came down to $60 million before rising back last fall to $80 million. The film producer turned high-end real estate developer has quietly paid $28M for this long-vacant hilltop compound in Bel Air. The owner’s $500 million isn’t just buying the property. Think about all the people who live in fancy houses mortgaged up to their eyeballs. We know some folks reading this will sneer that we’re “just jealous“. No 100,000-square-foot compound can be called a home. A lender took control of the property in February; the deed shows that the property was valued at $38M in the transaction. LA is all about appearances. Built by Hollywood producer-turned-real estate developer Nile Niami, the 'gigamansion' will have 20 bedrooms, 30 bathrooms, a 30-car garage, a two-story waterfall and a 40-seat home theater Send us a tip using our anonymous form. By clicking Subscribe you agree to our Privacy Policy. It is mandatory to procure user consent prior to running these cookies on your website. Niami’s racy marketing campaign with scantily-clad women traipsing around the mansion drew attention, not all of it positive. Try again later. But all human beings — regardless of wealth or status — have an inherent desire to be liked; an innate need for approval. ABOUT: Built by ex-movie producer turned mega mansion developer, Once a week for a few hours, at most? And as for his male friends, would any of them be there for him if he lost everything tomorrow? Fair enough. Listing agents Branden and Rayni Williams also revised its marketing. Britney Spears’ Infamous Former L.A. The buyer is prolific real estate investor Bin Fen Cheng, according to the report. It’s being built by real estate developer Nile Niami and his longtime architect associate Paul McClean — arguably the most successful pair of spec-mansion builders that LA has ever seen. Okay. Scattered throughout the residence are multiple attractive young women. All anyone knows is that he’s The One — the only one. Use Google Forms, In deep in WeHo, Nile Niami sells Hollywood Hills pad, Checkmate in WeHo for LA’s megamansion king, Party foul: Nile Niami fined for large gatherings at luxury homes, Compass lending service sues Nile Niami over Bel Air mansion. We’re not hating, we’re just saying. [Variety] — Dennis Lynch. Round-up of top news and topics for each of the following cities: Editorially-curated headlines and news to know for the following areas: The numbers behind office leases, retail, sales and financing. So forgive us if this is just the alcohol talkin’, but we detected a distinct sadness in this promotional video. “The One” and done: Niami faces foreclosure on Bel Air spec mansion, How to sell a mansion for $350M? We are having some technical difficulties. He may never know! They both endeavor to change that fact. Suddenly celebrities and socialites alike are crowding the giant residence. This website uses cookies to improve your experience while you navigate through the website. Then what? Big Bertha isn’t quite ready to go the full monty yet — she’s playing coy for another few months. The most expensive house in the urban world. This isn’t a home, obviously. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. …Virtual glory, that is. In January 2019, The Real Deal reported that Yeh paid $220 million for 801 South Hope Street, a 22-story building that includes 290 luxury apartments and 5,900 square feet of retail space. It’s lonely at the top. Watch as the owner pulls up to his contemporary art museum — er, house — in his $3 million Ferrari LaFerrari. The mansion at 1175 North Hillcrest Road was most recently listed for $60 million, but the latest sale price hasn’t been disclosed. Nile Niami, the brash real-estate developer known for his over-the-top megamansions, has placed one of his high-priced spec homes in bankruptcy. Deny all you want, but there it is. It’s being built by real estate developer Nile Niami and his longtime architect associate Paul McClean — arguably the most successful pair of spec-mansion builders that LA has ever seen. But opting out of some of these cookies may have an effect on your browsing experience. These cookies will be stored in your browser only with your consent. Bin appears to be keeping her two-acre San Marino estate she’s shared with her husband for more than two decades. The article interviewed two developers to the rich and famous, Bruce Makowsky and Nile Niami. His latest project “The One”, is known as the most expensive private residence in the United States currently in … Yep, y’all can imagine the conversations that would go down in this place. Nile Niami’s Opus megamansion has finally sold to someone who didn’t pay to develop it. And it’s true. Does he even know her name? Like nothing the world has ever…” We promise Yolanda shan’t shed a tear. We want to hear from you! It came to market as by far the most over-the-top white box spec mansions of the last decade, with an asking price of $100 million. Was that Kendall Jenner talking to Leo DiCaprio on the terrace?“. Obviously the who’s who of LA society know this is the place to party. This category only includes cookies that ensures basic functionalities and security features of the website. And we’re broke as a joke since our third ex-husband Randall stopped paying the spousal support. And suddenly you’ll be just as famous as your guests! There are 20 bedrooms, 30 bathrooms, a 30-car “auto gallery”, five swimming pools, two kitchens, a jellyfish room — yes, the glass walls and ceiling hold jellyfish tanks — a library, cigar room, a 32-seat theater, six-lane bowling alley, gym, and every luxury amenity imaginable. And how come everyone here drives a fancy car? “Oh my Gawd, that’s Drake at the bar! Dubbed "The One," the 100,000-square-foot estate, located in Los Angeles' Bel-Air neighborhood, was designed by luxury real estate developer Nile Niami… As dusk approaches, the place is deserted. This mall-sized mansion dubbed 'The One' costs $350 million Maybe y’all haven’t, either. McClean Design | 190 S. Glassell St. #203 | Orange, CA 92866 | Phone 714.505.0556 | Email info ∂ mccleandesign.com | Contact The 20,000-square-foot Trousdale Estates property was sold to a multifamily investor based in the San Gabriel Valley, according to Variety. A bedroom in the Opus house, built by Nile Niami, a B-movie producer-turned-developer, in Beverly Hills, Calif., Nov. 27, 2017. Look, the Hadid sisters are taking selfies in the jellyfish room! The One is big enough to get legitimately lost on your own house. It’s spooky — but wait! He’s a billionaire, but is he actually rich? He is rumored to be building a mega-estate, called The One, which will list with a price tag in excess of $100M upon completion. Please Allow Javascript and reload this page. For full functionality of this site it is necessary to enable JavaScript. From the visionary developer of 21st-century mansions, Nile Niami, THE ONE is the world's largest and most expensive residential listing. Ah, these must be the owner’s friends. The lights are on, the fireplace is lit, the waterfalls shimmering, yet nobody’s home. Anyway, for those of y’all unindoctrinated, The One is an unfinished giga-mansion located on a massive four-acre Bel Air promontory. Offered at the bargain price of $250mm, Makowsky’s Bel Air masterpiece boasts 38k square feet of opulence. He’s all alone. As he strolls through The One‘s vastness, he is greeted only by the butler, who immediately offers him an alcoholic beverage. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Nile Niami, a movie producer turned developer who has designed a home for P. Diddy, designed the mansion and is responsible for the titillating video. Pour your master another drink, Mr. Butler. The gold Lamborghini and gold Rolls Royce in the underground auto museum space were replaced with a dinosaur fossil. Nile Niami's House (Google Maps). In the cigar room, our owner savors a whiskey with his male business associates before joining his other guests. You also have the option to opt-out of these cookies. The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. Mr. Niami’s tasks embody this Bel-Air house that was final in the marketplace for $59.9 million. Truly. We may never know. It’s obvious this compound is being marketed to a very specific buyer: the lonely billionaire bachelor. Maybe he craves the solitude. Maybe the owner enjoys living this way, occasionally surrounded by attention and stars, yet alone and untouchable at other times. After lender Joseph Englanoff took control of the property earlier this year, he undertook a renovation to make it more appealing to a wider pool of buyers, particularly families. Concubines? So while the owner knows everyone, has he really got friends? Yes, rich people buying their way into Hollywood is a tradition as old as time, and we don’t doubt that many celebs would gladly accept an invite to party here. But to dismiss it as a nightclub or boutique hotel masquerading as a residential property is also an oversimplification, Yolanda thinks. The question goes unanswered, and the owner emerges from his 5,500-square-foot master suite in a bathrobe. Suddenly the mood changes. All Rights reserved. Now, Yolanda had a rough weekend and we’re already two mimosas deep on this Monday morning. Get our latest stories in the feed of your favorite networks. Just unreal. But one of our longtime readers kindly forwarded Yolanda an expensively-made official 3D promo video for the property. 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Turns out this was actually released back in August, but we’d never before clapped eyes on it. The owner will be the only one left in The One, in his lonely tomb. Are they secretaries? Young people shake their toned backsides on the ballroom’s dancefloor. Everyone who is anyone will come to your parties. https://www.youtube.com/watch?v=V4DWveGJ0lsOur Mr. Niami purchased the sublime property in late 2012 from Russian-born video game heiress — her late daddy created Space Invaders — and records show he forked out exactly $28 million for the land. Simply skip this post over. Bin’s real estate holdings include shopping centers in Arcadia and Rowland Heights, along with apartment buildings, Variety reported. Or if you’re feeling extra naughty, unsubscribe from our email updates. When The One is completed sometime in the next few months, it will … The stone floors were replaced with wide-plank oak floors and the champagne refrigerator was converted into a pantry.