Once Slated to Be America’s Priciest Home, The One Sells at Auction for Just $126 Million - The Wall Street Journal

Developer Nile Niami once planned to list his L.A. megamansion for $500 million, but later faced construction delays and cost overruns

Once slated to list with a $500 million asking price, a Bel-Air megamansion known as The One has sold for just $126 million at a no-reserve auction, according to a spokeswoman at Concierge Auctions. … [+257 chars]

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