Hello,Barry & Kim with the Hoey Team 🍀 239RealEstateDeals.Com LLC ☘ hope that you and yours are doing good.01-27-2027 - Hot off the press please find info from the
📣 Priciest Listing in America: $295M 🏘 🏡 Hoey Team 🍀 239RealEstateDeals.Com LLC ☘ Southwest Florida 🌴
Dated: January 14 2022
A 105,000-square-foot mansion in the Bel Air area of Los Angeles is up for sale for $295 million—the most expensive listing in the U.S., CNBC reports.
If the home fetches its $295 million asking price, it would be the most expensive home ever sold in the U.S. The current record holder is $238 million for an apartment purchased in Manhattan by hedge funder Ken Griffin.
Known as “The One,” the Bel Air megamansion was built by Nile Niami, a Hollywood producer who became a real estate developer. The home, which took a decade to build, occupies four acres on a mountaintop in Bel Air, with views of the Pacific Ocean, downtown Los Angeles, and the San Gabriel Mountains. It has 21 bedrooms and 42 bathrooms.
The home was once touted as the “biggest and most expensive modern home in America” and was expected to have an asking price of $500 million. But Niami’s debt soared as he built the house, and the mansion ended up as part of a bankruptcy agreement. In addition, the home has also been the subject of lawsuits by lenders seeking their loans to Niami paid back.
If the home doesn’t sell quickly, it will head to auction. The bankruptcy agreement says the home is scheduled to be sold at an auction on Feb. 7 to be sold to the highest bidder, CNBC reports. Concierge Auction is to hold the auction.
“The One” would need to sell for around $200 million to pay back the debt. If it sells for less, lenders will take a loss or the property could end up in foreclosure litigation, CNBC reports.
“The One” reportedly already has two offers from international buyers, according to brokers.
“There is going to be huge demand for this property,” Branden Williams of The Beverly Hills Estates, who is representing the property along with Aaron Kirman of Aaron Kirman Group at Compass, told CNBC. “Demand for U.S. real estate is through the roof because the dollar is weak and people want real tangible assets.”
Luxury properties have been surging over the past year. Sales of properties priced at $10 million or more doubled in 2021 compared with 2019, according to Miller Samuel. California real estate recently posted its highest sale to date, a $177 million home in Malibu.
👉 Here in Southwest Florida, the Hoey Team 🍀 239RealEstateDeals.Com LLC ☘ serves all of Lee County and Collier County, including the Gulf Coast Islands here in Southwest Florida wjere we have 7 of 10 hot market projections for 2022. We Directly Help / Serve Sellers and We Directly Help / Serve Buyers ☘
Recently Barry & Kim with the Hoey Team; 239RealEstateDeals.Com LLC ☘ helped a number of sellers who had been in Foreberance and in similar situations; we were able to get all of them to a "good place"; worry free & stress free; with excellent end results for them. Also, Kim is a certified stager which helps us additionally on all of our listings.
We help people in many different situations; everybody's situation is different; if you know someone needing help; or simply wants advice, please have them reach out to us in confidence: 239-360-5527; anytime; we continue to achieve and set record setting sales prices in the communities where we list and sell ☘
We also offer a custom Concierge Service, if their property needs work 🍀 For every property situation, we have a solution / solutions ☘
As people continue to move and relocate to the general areas of Lee & Collier Counties from other parts of the United States, it is important that we are able to serve all of the area; which we do efficently, with the ability offer many different Choices and Lifestyles all of which are in abundance here in SW FLA 🌴 239RealEstateDeals.Com LLC had blanket coverage of Southwest Florida and most of Florida for that matter by being members of 4 different MLS systems.
Inventory remains low overall; we do continue to list and market new South Florida property listings to the marketplace and we sell many different type homes; Resale & New Construction; Multigenerational Family Compounds, Regular Single Family Homes, Villas, Townhomes and all Condo types, from low rise, to waterfront high rise right on the beach.
We have also seen an uptake in people planning ahead, and buying that second home now, rather than waitiang as they were planning to do; especially with Snowmads and Zoombirds. Previously we had Snowbirds; interesting how terminology keeps changing.
Lower interest rates (even with recent small fluctuations) are a contributing factor to the increased sales; oftentimes well over asking price. Low inventory is still the greatest chalenge for buyers who are not prepared; but if prepared you are ahead of the game; ask how we can help with all of that.
We recently got a number amazing deals for buyers; even in this Hot Sellers Market; and we are working on others; so there are deals out there; if you work with us, we will find them for you.
For those relocating to Florida, we are pleased to be able to assist homeowners in other parts of the United States who need to sell to buy here; please reach out today for more information and how you can have a smooth, non-stressful transition / relocation.
At our Real Estate Team; Hoey Team ☘ we have been succesfully working 100% virtually / remotely for the past number of years as we continue to grow; i'm glad we already had systems in place to better help sellers and buyer with goal posts continually moving in our industry.
Article content from FR (Florida REALTORS) Newsletter Magazine, and from other sources including Hoey Team, 239RealEstateDeals.Com LLC & Freddie Mac / Fannie Mae - Make sure to ask us for more details; Call 239-360-5527 ☘
For those Living in or Visiting Southwest Florida wanting additional resources, or a list of places to see / visit: www.SWFL-Events.Com Feel free to share this resource page with others 🌴
NOTE for Buyers and Sellers: On our Hoey Team ☘ VIRTUAL OPEN HOUSE Page you may WATCH ? Detailed HD 3D Immersive VIDEO ? Walkthrough Tours for all our COMING to MLS & AVAILABLE LISTINGS right HERE: ? www.239VT.com ?
For more Real Estate related information, or if you have questions on any aspect of Buying, Selling, Upsizing, Downsizing, Moving within or Relocating to or from Florida (the number 1 state for people to move to), or on any aspect of the Real Estate Market, Locally, Nationally or Internationally, please let us know, we can help, we can address / answer your questions, and we are always available to help you or someone you know.
P.S. --> If You'd like for us to create a Video Tour for ANY of the Properties on our website, just CLICK "Video Request Button"; from property details: https://HoeyTeam.239RealEstateDeals.Com
We do not discriminate on price, we help homeowners and renters in all price ranges; Click Here for more information on the Hoey Team ☘ and what we do to help or visit www.239RealEstateDeals.Com anytime.
Also; please check out the other blogs, and tabs to many other Links, Updates, Reports & Stats that we have here on our informational website.
We hope that you find the information useful. If you have any questions, please do not hesitate to contact Barry or Kim with the Hoey Team ☘ 239RealEstateDeals.Com LLC
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