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Will the most expensive house in the world be in Los Angeles ?

Posted by Stephan.Illouz on November 21, 2015
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Nile Niami House at 944 Airole Way stands in Bel Air, California, U.S., on Monday, May 18, 2015. Photographer: David Paul Morris/Bloomberg

One of the biggest homes in U.S. history is rising on a Bel Air hilltop in Los Angeles, and will ask $500 Million.

Nile Niami, a film producer and residential developer, is currently building the New Biggest Mansion that will exceed 100,000 square feet, including a 5,000-square-foot master bedroom, a 30-car garage and a “Monaco-style casino”.

The project, on a 4-acre (1.6-hectare) hilltop lot, should be a jaw-dropping property, and will have 360-degree views of the Pacific Ocean, Beverly Hills, downtown Los Angeles and the San Fernando Valley.

According to McClean Design via Bloomberg, the mansion will include :

  • a 45-seat Imax style theater
  • four swimming pools
  • a 8,500-square-foot night club

NightClub

8,500-square-foot night club in the under-construction mansion. Source: McClean Design via Bloomberg

Still according to McClean Design via Bloomberg, there are a “lot of things” in the house that will help to preserve water as California suffers from a record drought, Paul McClean, the mansion’s architect, said to Bloomberg in a telephone interview.

This mega-mansion project is by far the most important project in Los Angeles over the last 30 years.

Does the $500-million asking price seem unreal ? Who knows ?