News, Culture & Society

Los Angeles home has a $500MILLION asking price

Have $500million to spare? If so, you could own the Southern California mansion – perhaps more aptly, a compound – that has been branded as the most expensive home in America before it has hit the market.

The mansion, developed by former film producer Nile Niami, sits atop a hill in the affluent Los Angeles neighborhood of Bel Air and is expected to be ready for sale in mid-2018.

Photographs from the New York Times show the 100,000-square-foot house that, among other perks, has a nightclub complete with its own V.I.P room, 20 bedrooms including a 5,500-square-foot master suite, between four and seven swimming pools depending on one’s definition (does the moat and indoor spa count?), five elevators and a beauty salon.

A 100,000 square-foot hilltop mansion in Bel Air, Los Angeles is expected to go on the housing market in mid-2018 and has an asking price of $500million. The property features views of the City of Angels and the Pacific Ocean

Pictured is one of the home's 20 bedrooms, 13 of which are spread over the main house. The master bedroom suite (not pictured) boasts 5,500 square-feet and comes complete with a pool, kitchen and office all to itself. It is larger than most New York City apartments

Pictured is one of the home’s 20 bedrooms, 13 of which are spread over the main house. The master bedroom suite (not pictured) boasts 5,500 square-feet and comes complete with a pool, kitchen and office all to itself. It is larger than most New York City apartments

The home has between four and seven pools, depending on whether one includes the property's moat and indoor spas. Pictured is one of the pools, adjacent to a dining room for pre- or post-meal swims

The home has between four and seven pools, depending on whether one includes the property’s moat and indoor spas. Pictured is one of the pools, adjacent to a dining room for pre- or post-meal swims

A spa is pictured in the home, which also boasts five elevators and a beauty salon among other perks. Neighbors include 'Friends' superstar Jennifer Aniston and technology guru Elon Musk

A spa is pictured in the home, which also boasts five elevators and a beauty salon among other perks. Neighbors include ‘Friends’ superstar Jennifer Aniston and technology guru Elon Musk

All of this is in addition to panoramic views of the City of Angels and the Pacific Ocean.

The master suite by itself is larger than most New York City apartments and comes complete with its own pool, kitchen and office.

The home is spread over multiple different buildings. The main house will have 13 of the 20 bedrooms. 

Niami also told the New York Times that the home will have jellyfish aquariums, in addition to a gold giraffe sculpture.

Complimentary items also include a Lamborghini and a cellar stocked with dozens of bottles of Cristal Champagne.

Other perks, per a previous report on its construction by Caters News Agency, include a 30-car parking garage and a 45-seat IMAX movie theater.

Neighbors include ‘Friends’ superstar Jennifer Aniston and technology guru Elon Musk. 

While Los Angeles boasts world-class museums such as the Getty and the Broad, house-dwellers can transport themselves into a natural history museum by gawking at this golden sculpture of a giraffe's skeleton, which is included in the home's asking price

While Los Angeles boasts world-class museums such as the Getty and the Broad, house-dwellers can transport themselves into a natural history museum by gawking at this golden sculpture of a giraffe’s skeleton, which is included in the home’s asking price

Dozens of bottles of Cristal Champagne are complimentary with the home, which has an entire cellar exclusively dedicated to the expensive alcoholic beverage

Dozens of bottles of Cristal Champagne are complimentary with the home, which has an entire cellar exclusively dedicated to the expensive alcoholic beverage

Complimentary with the home purchase is a golf Lamborghini for cruising the hills and canyons of the City of Angels. Other perks of the property include a 30-car parking garage and a 45-seat IMAX movie theater.

Complimentary with the home purchase is a golf Lamborghini for cruising the hills and canyons of the City of Angels. Other perks of the property include a 30-car parking garage and a 45-seat IMAX movie theater.

An angular, minimalist sauna sits in the nearly completed home, which is expected to hit the market in mid-2018. The home also has a beauty salon

An angular, minimalist sauna sits in the nearly completed home, which is expected to hit the market in mid-2018. The home also has a beauty salon

The home, with a speculated asking price of $500million, costs nearly four times more than the most expensive house ever sold in America – a home in New York state’s Hamptons that sold for $137million in 2014. 

It of course remains to be seen whether the property will actually sell for its asking price; real estate experts have scoffed at the $500million price tag.

Niami told the New York Times that he imagines the eventual buyer will own multiple other properties and likely only stay in the home a few times per year.  

Mr Niami’s property portfolio includes an $18million house sold to Tyler and Cameron Winklevoss, the entrepreneurial twin brothers who sued Facebook.



Read more at DailyMail.co.uk