‘The One’ in Bel Air, California has sold in cooperation with Aaron Kirman of Compass and Branden and Rayni Williams of The Beverly Hills Estates
We are pleased to announce the official U.S. Bankruptcy Court approval and closing of The One in Bel Air, California, America’s largest residence.
After a competitive field of bidder activity, the auction closed on March 3rd for a final price over $141 million, more than double the highest U.S. sale at auction and nearly 50% higher than the world record. In cooperation with multibillion-dollar producing international real estate agents Aaron Kirman of Aaron Kirman Group at Compass and Branden and Rayni Williams of Williams & Williams at The Beverly Hills Estates, the sale marks Concierge Auctions’ fifth consecutive World Record for the highest price ever achieved for a residence at auction.
“After years in the making, the sale of ‘The One’ ultimately concluded with six weeks of intense global marketing exposure leading to a qualified field of bidders to solidify the new owner of this once-in-a-lifetime property,” said Kirman. “We look forward to seeing what this property will become and working with Concierge Auctions on our next property together.”
“With an exceedingly small group of potential buyers for a property of this caliber at the onslaught of the auction, the ultimate goal was to run a thoughtful sale process that would maximize value, reach, and speed,” said Lawrence Perkins or SierraConstellation, Crestlloyd’s Manager. “By hiring both expert international brokers and the leading luxury real estate auction marketplace in the world, the teams were able to collaborate, execute, and achieve an outcome that has previously taken years to accomplish—all in just six weeks.”
An estate for the ages, The One is a work of art set on 3.8 acres with breathtaking, 360-degree panoramic views of the Pacific Ocean, downtown Los Angeles, and the San Gabriel Mountains. The property is spread over a jaw-dropping 105,000-square-feet with every imaginable mega-resort style amenity, including five vast pools, a private nightclub, full-service beauty salon, wellness spa, 10,000-square-foot sky deck, 400-foot private outdoor running track, private Dolby Digital theater, and much more.
“We're routinely asked to do the remarkable, which is to sell one of a kind properties in the most time efficient manner possible. Our platform does that with precision," stated Concierge Auctions President, Chad Roffers. "We delivered what the seller and buyer wanted—a time-certain and efficient sale. In a world of limited inventory and multiple offers, our platform is the most efficient way to connect buyers and sellers.”
"The sale of The One was witnessing history in the making. This has been a three-year labor of love, with ups and downs but that's why this sale means even more to us,” stated Rayni Williams. “The One redefined mansions in L.A. and became an icon through headlines around the globe. Representing both the buyer and seller on this sale was a career highlight we will never forget. With the dedication of my co-listers and team, we were able to find the perfect buyer for The One."
"I'm very grateful to have been a part of this journey. The sale of The One is one of the highest sales so far in 2022, and we were honored to be involved on both sides,” added Branden Williams.
As part of Concierge Auctions' Key for Key® giving program in partnership with Giveback Homes, the closing of 7984 Georgetown Pike will result in a new home built for a family in need.
For more information or to view all current offerings, visit ConciergeAuctions.com or call +1.212.202.2940.