This $500 Million Bel-Air Residence Will Be the Most Expensive Ever Built

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Bel-Air estate to break world record for highest listing price in residential real estate history at $500 Million (PRNewsFoto/Hilton & Hyland)
Bel-Air estate to break world record for highest listing price in residential real estate history at $500 Million (PRNewsFoto/Hilton & Hyland)

When you name your property “The One,” you better make sure it sets at least a few records.

A gargantuan $500 million Bel-Air estate dubbed “The One” will be completed in spring of 2017 and hopes to set the world record as the highest listing price ever recorded for a residential property.

The ambitious residence will be approximately 100,000 square feet, and will include a sprawling 5,000 square foot master suite, 30 car gallery and 45 seat movie theater. The residence even has space for its own “Monaco” style casino, nightclub and bowling alley.

Moving outside, the grounds of the property include four swimming pools and a tennis court. The vast lawn covering the property will utilize a specialty, eco-friendly turf that’s mindful of southern California’s water issues.

“A property like this truly underscores a deep belief that Los Angeles is at the center of luxury real estate and at the pinnacle of the global marketplace. It is a very rare and special offering. There is only One in the world,” says real estate agent Drew Fenton of Hilton & Hyland.

The project is being built by Nile Niami, known for his incredible estate developments. Notable sales include several major properties on prestigious South Mapleton Drive in Holmby Hills, and a series of record breaking properties in Los Angeles’ coveted Bird-Streets and Beverly Hills.

(Via PR Newswire)

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