Los Angeles is known for its pricey luxury homes, but it will now be known as the place with the record $500 million home. Or should I say palace.
Developer Nile Niami has begun building his “masterpiece” in Bel Air. The compound consists of a 74,000 square-foot main residence with three smaller houses, which, I can only imagine that definition of small. It will be one of the biggest homes in U.S. history, and Niami told Bloomberg Business that the project will take at least 20 more months to finish. And, oh yeah, it has a 5,000 square-foot master bedroom, a 30-car garage, and a freaking casino. This isn’t a house, this is a hillside resort.
The perks include a 360-degree view of the entire city, four pools, a “jelly fish room” that has tanks on three walls and a light-changing ceiling, an 8,500-square-foot night club and a 45-seat IMAX theater.
I. Need. To. Know. Who is going to be THAT person who buys this monster compound? Who will it be? As Bloomberg reporter Betty Liu speculates, you can expect an overseas billionaire from Brazil, China, or Russia to buy it as a way to stash their money stateside in the form of real estate, like they’ve been doing in New York City for a while now. So unless you got rich off the fall of the Soviet Union or are a Brazilian beer magnate, you’re probably going to have to sit out the bidding war for this abode. Doesn’t mean you can’t check out some more photos below.
Nicole Theodore is an editorial assistant at Playboy. She’ll take the pool house. Follow her on Twitter.