Real Estate

America’s biggest new mansion auctions for $141 million

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The rear of the home opens to a massive lawn framed by a moat-like water feature and a 400 ft. running track just below it.

Marc Angeles

A 105,000-square-foot Los Angeles megamansion that was listed for $295 million sold at a bankruptcy auction for $141 million, ending a 10-year saga of soaring debt and failed dreams.

The auction for the property, known as “The One,” ended Thursday night with the highest bid at $126 million. Including the buyer’s premium, the final sale price will be $141 million, according to Laura Brady, CEO of Concierge Auctions, which auctioned the home.

The price makes it the third-most expensive home ever sold in Los Angeles, behind Marc Andreessen’s $177 million…



Source cnbc.com

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