this post was submitted on 08 Oct 2024

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The One is the 4th largest private residence in the US. It sold for $126 million. It has a "philanthropy wing" designed to host charity galas with up to 200 guests (hexbear.net)

submitted 3 weeks ago by [email protected] to c/[email protected]

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The One (Los Angeles)

The One is a private residence in Bel Air, Los Angeles, California, United States. It is a compound of a main residence and three smaller houses in the modernist style and was developed by Nile Niami. The property is 105,000 square feet (9,800 m2) on 3.8 acres (1.5 ha).

Construction began in 2014. Following delays, it was completed in 2021. Niami initially sought to sell the mansion for $500 million, but his company fell into bankruptcy and the building sold at auction for $126 million, a record auction sale price in the United States.

It's owned by Richard Saghian who is a fast fashion douchebag.

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List of largest houses in the United States

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[–] [email protected] 51 points 3 weeks ago (1 children)

I saw an article about how rich people build museums attached to their homes. They get a tax deduction from the building costs, and don't have to pay property taxes on that part. They use them for private parties, weddings, etc.

They're supposed to be open to the public, but of course nobody from the government checks into that. The reporter wasn't able to get into any of them.

I'm assuming that's what the "philanthropy wing" is about.

[–] [email protected] 28 points 3 weeks ago (2 children)

If you have to finagle a tax break into it, it's a pretty weak ass show of wealth.

[–] [email protected] 15 points 3 weeks ago

that is exactly how wealth operates.

[–] [email protected] 8 points 3 weeks ago

Getting other people to pay for your shit is like 80% of being wealthy.

Look at Elon and his government subsidies, nfl owners and city subsidies for their stadiums they charge people 100s of dollars to enter, or Trump successfully getting rhe rnc to pay his legal fees.

[–] [email protected] 32 points 3 weeks ago

Arm the homeless, forcibly take it over.

[–] [email protected] 31 points 3 weeks ago (1 children)

How much of the 3.8 acres is just driveway and parking lot? commercial-district galaxy-brain

[–] [email protected] 24 points 3 weeks ago (1 children)

Technically speaking it doesn't matter because the philanthropy wing is a carbon offset.

[–] [email protected] 4 points 3 weeks ago

doubt

[–] [email protected] 31 points 3 weeks ago* (last edited 3 weeks ago) (4 children)

this house became notorious a few years ago from a truly obnoxious YouTube house tour the builder gave a knockoff Robin Leach, then for hosting massive covid-rule breaking parties.

the video is quite a watch if you can get through it, I hated everyone involved

https://youtu.be/_H2xmRseiDw

[–] [email protected] 18 points 3 weeks ago (1 children)

https://youtu.be/_H2xmRseiDw

Thanks. I hated it even though I only watched a few bits and pieces.

knockoff Robin Leach

Indeed.

A comment...

As someone who has driven past this house maybe 1,000 times, I can tell you IRL this place looks like a military compound or a museum, not a home.

[–] [email protected] 3 points 3 weeks ago

I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:

[–] [email protected] 18 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

the gall of this guy to act like his house is sustainable

also apparently hes bankrupt

Construction began in 2014. Following delays, it was completed in 2021. Niami initially sought to sell the mansion for $500 million, but his company fell into bankruptcy and the building sold at auction for $126 million, a record auction sale price in the United States.

It costs $50,000 a month in electricity costs to cool during the summer

[–] [email protected] 4 points 3 weeks ago

Yeah I came here to recommend the video, it's an absolutely incredible comedy as you watch a pathetic young money man try to pretend that he hasn't wasted all of his money on hubris to an old money man that is constantly judging his terrible choices.

[–] [email protected] 4 points 3 weeks ago* (last edited 3 weeks ago)

I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:

[–] [email protected] 31 points 3 weeks ago

I used to be a forklift driver in a warehouse that was 30,000 square feet smaller than this house

[–] [email protected] 21 points 3 weeks ago

The One

I can't remember anything

Can't tell, is this the dining or gala wing?

Deep down these hallways I must scream.

The terrible home's size swallows me!

[–] [email protected] 13 points 3 weeks ago (1 children)

Looks like #1, Biltmore Estate, got hit by hurricane Helene

[–] [email protected] 9 points 3 weeks ago (2 children)

I was on the CNN page for Milton and they had an update about what looked like a very out of place photo. I thought was a gigantic British estate (What the fuck is that???) and it turned out to be the Biltmore. And that caused me to go to Wikipedia.

[–] [email protected] 3 points 3 weeks ago

yeah, the patriarch that had it built was obsessed with developing the American aristocracy, specifically by aping the western European estate system. completely deranged, but wealthy beyond measure.

like those old estates and the mega homes built by other tycoons, it was impossible to maintain without a massive, expanding stream of cash expropriated from workers. so it was bought by some other rich bozos and turned into a tourist attraction that sanitizes the history of the tycoon's family which I guess was part of the sale terms.

it's completely stupid and out of place, and not even in an interesting way like Ca d'Zan, which also was another albatross and was eventually dumped on the state.

[–] [email protected] 3 points 3 weeks ago

The ouroborous is complete!

[–] [email protected] 12 points 3 weeks ago (1 children)

Imagine spending fucking $100 million and you still don't have any outdoor space and your house is completely surrounded by roads on every side.

This is the opposite of "location location location" the most expensive and psedo luxurious home possible but the air in your yard is 80% car emissions.