- The One Bel Air is a 105,000-square-foot megamansion said to be the biggest modern home in the US.
- In 2022, it sold for $141 million, including fees and commission, far from the $500 million its developer once hoped to fetch.
- Take a look at the home, which boasts 21 beds, 42 baths, a 10,000-square-foot sky deck, and more.
You may have heard of fast fashion company Fashion Nova before, but did you know its billionaire chief executive is the owner of the biggest modern home in the US?
Fashion Nova founder and CEO Richard Saghian bought The One Bel Air, a 105,000-square-foot megamansion in Los Angeles, in 2022 for $126 million. With fees and commission, his total price came out to about $141 million.
The property hit a few snags on the road to its big-ticket sale. The developer originally wanted to get $500 million for the home. There were also construction delays and challenges, as well as enormous debts, associated with building the huge property.
The home was at one point put in a court-ordered receivership, and later bankruptcy, before Saghian bought it at bankruptcy auction.
Here’s a closer look at what he got for his $141 million purchase:
