May 26, 2015
Bloomberg TV/Screenshot
An artist's rendition of the L.A. mansion with an asking price of $500 million.
A new California home is reaching for the highest sale price in real estate history.
Bloomberg reports that developer and film producer Nile Niami is behind the 100,000 square foot property that will feature, among other things, a 30-car garage, four pools, a casino, a nightclub, and a movie theater. Sitting upon a hill in Los Angeles, it will provide views of the city's downtown as well as the Pacific Ocean and Beverly Hills.
Niami's initial asking price for the mega-mansion under construction and needing 20 additional months to finish, is $500 million.
If sold at that price tag, it would shatter both national and worldwide records in real estate. The highest purchase nationally for a home was a $147 sale in New York City, while the highest globally was a $222 million penthouse in London. It will also be the largest home built in the country in the 21st century, beating out the 90,000 square foot Versailles property in Florida.
Miami told Bloomberg that the home will have "almost every amenity available in the world." This prompted Curbed Los Angeles to poke fun, listing a humorous number of things that the property is missing, including a ball pit and a small town that the homeowner could be mayor of.
Taking that idea, here's what a $500 million mansion would need to be complete in Philly:
• A life-size replica of the Art Museum steps, complete with a horn band that plays the "Rocky" theme every time you walk or run up it.
• A giant fountain that spews cheese sauce.
• A t-shirt cannon with enough range to shoot ironic band shirts into neighborhoods overtaken by hipsters.
• A life-sized statue of Brian Dawkins right next to a platform with no statue that reads "The Next Dawkins."
• Every bathroom is complete with a sign that reads "The Jawn."
• It's own SEPTA stop, as well as a lifetime supply of soon-to-be-irrelevant SEPTA tokens.
• Glenn "Hurricane" Schwartz. He just lives there, telling you the weather when you need it.
• A button that sets off a signal at "The Preston and Steve" show, which requires them to give you a "shart out" and free concert tickets every time you press it.
Now there's a half-a-billion dollar home.
