After nearly a decade, the saga of Los Angeles mega-mansion called “The One” is about to come to a close.
Once listed for as much as $295 million, the 105,000-sqaure-foot home designed by architect Paul McClean sold at auction this month to Fashion Nova founder Richard Saghian for $141 million. The sale is pending approval by a bankruptcy court judge.
While the 21-bedroom, 42-bathroom estate may have been one of the most highly publicized properties in the world, Saghain’s purchase had much more to do with than just publicity, says luxury real estate specialist Stuart Vetterick, who has co-represented the fashion mogul in property trades for more than four years, including the recent deal for “The One,” with agents Brandon and Rayni Williams.
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