BEL AIR (CBSLA) – One of the world’s largest homes is going on the market. A 100,000 sq. ft. megamansion in Bel Air will be listed after the developer defaulted on his loans.
The house, known as “The One” has been under construction for the past several years. The original asking price was $500 million.READ MORE: Another Victim Of Serial Killer John Wayne Gacy Identified: Francis Wayne Alexander, Of North Carolina
The mansion has a bowling alley, salon, cigar room, and 50-seat movie theater inside.READ MORE: Teen Charged In Pair Of September 2020 Carjackings On South Side
The developer defaulted on $100 million of debt and now the court is stepping in, forcing the house to be sold. The asking price is yet to be determined.
“There is a small handful of individuals in the world that can qualify to acquire a property like this,” said Eric Lavey, senior global real estate advisor of Sotheby’s.MORE NEWS: Desperate To Find More Staff, Some Fast Food Restaurants Recruiting Customers
The house needs permits finalized before it can be listed for sale.