Nestled atop a hill in the exclusive Bel Air neighborhood of Los Angeles, ‘The One’ stands as a monumental achievement in modern architecture and luxury real estate. Acquired by Fashion Nova CEO Richard Saghian in March 2022 for a record-breaking $126 million, this sprawling mega-mansion redefines opulence with its vast size, stunning design, and unmatched amenities.
Architectural Brilliance
Designed by renowned architect Paul McClean, ‘The One’ is a testament to contemporary luxury. The mansion boasts 21 bedrooms, 42 bathrooms, a 30-car garage, and a private nightclub. Its design emphasizes seamless indoor-outdoor living, with vast glass walls that open up to multiple terraces, a moat, and infinity pools. The sleek lines and open spaces are complemented by high-end finishes and state-of-the-art technology throughout the home. The interior design, curated by Kathryn Rotondi, features bespoke furnishings and artworks that enhance the home’s luxurious ambiance.
Unmatched Amenities
The amenities in ‘The One’ are nothing short of extraordinary. The property includes a four-lane bowling alley, a 50-seat movie theater, a beauty salon, a wellness spa, and even a juice bar. For fitness enthusiasts, there’s a fully equipped gym, a running track, and a tennis court. The expansive outdoor area features multiple pools, a swim-up bar, a golf green, and several outdoor lounges, making it an ideal space for both relaxation and entertainment.
Additionally, ‘The One’ houses a 10,000-bottle wine cellar, a cigar lounge, and a philanthropy wing designed to host charity galas and events. The rooftop, one of the most stunning aspects of the property, includes a sky deck with a putting green and a dedicated helicopter pad, ensuring that every luxury imaginable is within reach.
Luxurious Interiors
The interiors of ‘The One’ are designed to impress. The grand foyer welcomes guests with soaring ceilings, a massive chandelier, and an elegant staircase. The living spaces are expansive yet cozy, featuring floor-to-ceiling windows that offer panoramic views of Los Angeles. The gourmet kitchen is equipped with top-of-the-line appliances, including multiple Sub-Zero refrigerators, Wolf ranges, and custom cabinetry. Adjacent to the kitchen is a formal dining room that can comfortably seat 20 guests.
The master suite is a private sanctuary, complete with a sitting area, dual bathrooms, and an enormous walk-in closet. Each of the 21 bedrooms offers its own unique charm, with luxurious en-suite bathrooms and stunning views. The home also includes several guest suites, ensuring that visitors can enjoy the same level of comfort and privacy as the homeowner.
Outdoor Paradise
The outdoor areas of ‘The One’ are just as impressive as the interiors. The central courtyard features a massive infinity pool with a swim-up bar and an adjacent hot tub. Multiple terraces offer outdoor dining and lounging areas, complete with fire pits and stunning views. The meticulously landscaped gardens provide a serene environment, with pathways that wind through lush greenery and water features.
For those who love to entertain, the outdoor kitchen is a dream come true. It is equipped with high-end grills, a pizza oven, and ample counter space for preparing gourmet meals. The adjacent dining area, shaded by a pergola, is perfect for al fresco dining. The property also includes a full-sized basketball court, a putting green, and a tennis court, ensuring that residents and guests have plenty of options for recreation.
The Journey to Ownership
The journey to owning ‘The One’ was not straightforward. The mansion was the brainchild of developer Nile Niami, who envisioned it as the most extravagant private residence in the world. Despite the grandeur, Niami faced numerous financial difficulties, leading to the property being placed in receivership. The auction, held in early 2022, drew significant interest from high-net-worth individuals globally. Saghian’s winning bid of $126 million was far below the original listing price but still made headlines as the highest price ever paid for a home in California.
A Home Fit for a Mogul
Richard Saghian’s acquisition of ‘The One’ reflects his status as a leading figure in the fashion industry. Since founding Fashion Nova in 2006, Saghian has turned the brand into a global powerhouse, known for its trend-setting styles and massive social media presence. His new home mirrors the success and opulence of his business, providing a luxurious retreat that is perfectly suited for a fashion mogul.
Conclusion
‘The One’ stands as a testament to Richard Saghian’s vision and success, offering a glimpse into the pinnacle of luxury living in Los Angeles. As Fashion Nova continues to thrive as a global fashion powerhouse, ‘The One’ serves as more than a residence—it’s a statement of achievement and a symbol of opulence in the world of luxury real estate.
About Richard Saghian
Richard Saghian is the innovative CEO of Fashion Nova, a leading global fashion brand celebrated for its rapid adaptation to trends and affordability. Starting with a single store in Los Angeles, Saghian transformed Fashion Nova into an e-commerce giant, catering to a diverse customer base, particularly young women. His pioneering approach to “fast fashion” has reshaped industry norms, making runway-inspired styles accessible worldwide. Beyond fashion, Saghian’s acquisition of ‘The One’ mega-mansion underscores his commitment to luxury and visionary pursuits, solidifying his influence in both fashion and real estate sectors.
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