Will the Most Expensive House in the World Be in Los Angeles?

 

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

8,500-square-foot nightclub 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?