The $500 million Bel Air mansion known as The One never sold for $500 million. It went to auction in March 2022 and sold for $126 million, or about $141 million with the auction house commission, a record for a property sold at auction in the United States. Its developer first said he would ask $500 million. It was listed at $295 million in January 2022, drew no offer, and was sold at a bankruptcy auction two months later. This page lays out the price path as of October 2026.
| Step | Date | Price (USD) | Note |
|---|---|---|---|
| Lot bought | 2012 | $28 million | 3.8-acre hilltop in Bel Air |
| Planned asking price | 2017 onward | $500 million | Developer’s stated aim |
| Listed by auction house | Jan 2022 | $295 million | No offer |
| Sold at auction | Mar 2022 | $126 million, about $141 million with commission | Record for a US property sold at auction |
What The One is
The One is a compound in Bel Air with a 74,000-square-foot main house and three smaller houses, 105,000 square feet in all on 3.8 acres. It has 21 bedrooms, 42 bathrooms, a 30-car garage, a nightclub, a bowling alley and a theater. Construction began in 2014 and finished in 2021.
How we valued it: reported property facts for context, not a valuation.
The price path: $500 million to $126 million
The developer bought the lot for $28 million in 2012 and aimed to list at $500 million. After years of delay, the property was offered through Concierge Auctions at $295 million in January 2022. It received no offer and went to a bankruptcy auction in March 2022.
The winning bid was $126 million, and reports put the total cost at about $141 million once auction costs and commissions are added.
How we valued it: the March 2022 auction price and the commission, reported at the time as $126 million, or about $141 million with auction costs and commissions, subject to bankruptcy court approval, which followed in March 2022.
What the sale shows
The winning bid was about a quarter of the developer’s stated $500 million target and well under the January 2022 list price. We found no verified resale since.
What drives these prices
- Asking prices are not sale prices. The headline $500 million was never tested by a buyer.
- Auction. A forced timeline cuts the price.
- Size. Very large homes have few buyers.
FAQ
Did The One sell for $500 million?
No. It sold at auction in March 2022 for $126 million.
What was the final cost to the buyer?
About $141 million including auction costs and commissions.
What was the listing price before the auction?
$295 million, listed in January 2022.
How big is The One?
About 105,000 square feet across a main house and three smaller houses.
Is it still the biggest auction sale in the US?
It set that record in 2022. We did not find a larger one.
How we put this list together
We rank by the price actually paid, as reported for the sale. Prices are approximate.
Keep reading
Last updated: October 2026.
