Photo from THE REAL DEAL

The property at 944 Airole Way fell into receivership after developer, Nile Niami, defaulted on $165 million debt.

For more information, see links below:

DAILY MAIL: “America’s most expensive home – a 105,000 sq ft Bel Air estate known as ’The One’ – is set to have its $500 million asking price slashed after developer defaults on $165M debt”

CNBC “ Most expensive home in America defaults on $165 million in debt, heads for sale”

THE REAL DEAL “Nile Niami’s Bel Air Behemoth enters receivership”