Check Out This $340M Mega Mansion in LA

Mega mansion developer Nile Niami recently unveiled his latest listing: a $340 million property in Bel-Air. The home comes in at a modest 105,000 square feet, making it the third largest home in the US. The structure sits on a 5-acre plot of land with panoramic views of the much less properties below. Construction took over 8 years and 600 laborers to complete, and it’s easy to see why. While the size is impressive in itself, the house has a long list of amenities that are sure to interest even the wealthiest billionaire, including:

  • 21 bedrooms
  • 42 bathrooms (2 per bedroom, wouldn’t want guest couples sharing bathrooms)
  • A 30 car garage with two turntables to display the prized pieces of a collection
  • A mote
  • A 5,500 square feet master bedroom
  • A 400 foot jogging track
  • A movie theater,
  • A tennis court
  • A nightclub
  • A 10,000 square foot sky deck (with putting green)
  • A cigar lounge
  • A tequila bar
  • A hair salon
  • An art gallery, pre-loaded with custom art
  • A 4 lane bowling alley
  • 5 swimming pools
  • A spa
  • And a “philanthropy wing” with a capacity of 200 for hosting charity galas. After all, what better way to give back than by buying a $340million mega mansion?
Main house 3.png

Owning a house like this would come with a lot of challenges. For example, how do pick which cars of your collection will go in your 30 car garage? Do you have enough friends to fill up the nightclub? What if you can’t swim? What if you don’t like tequila, what are you going to do with a tequila bar? All of these are problems I would like to have.

House 3.jpg

Niami initially expected the house to fetch $500M, but the listing price ended up $160M lower than that figure. Hankey Capital, the lender that provided the $82.5 million in financing, recently served Niami a notice of default on the property. Unfortunately for the developer, the debt has grown to over $110 million and Hankey is looking to recover their investment. This is the first step in the foreclosure process, and Hankey reportedly hopes this will help get the property moving. If you're interested in purchasing the property, you can reach out to co-listing agencies The Beverly Hills Estates and Compass. You can also watch this promotional video below for more information on the property.

About author
A
Adam Ewing has worked as an Engineer for aerospace and steel manufacturers as well as a Consultant for an R&D tax credit firm. He currently works as an Implementation Consultant for a financial software company. Adam has a B.S. and an M.B.A. from the University of Alabama. His interests include traveling, cars, cooking, and triathlons. You can also find Adam on LinkedIn.

Comments

There are no comments to display.

Article information

Author
adam.ewing
Views
570
Last update

More in Business & Investments

More from adam.ewing

Top