A multi-million dollar mega-mansion has been pulled from the market after becoming the centre of a huge row between its owner and a lender.

'The One', a 105,000-square-foot property located in Los Angeles' swanky Bel Air estate, has been estimated to be the most expensive in the United States of America, and was once valued at $500,000,000 (£362,496,150).

According the MailOnline, the mega-opulent modern home boasts a bowling alley, private cinema, nightclub, swimming pools, jacuzzi, salon, gym and an underground garage with two-vehicle turntables.

It was bought in 2012 by Nile Niami — a self-styled 'King of LA mega-mansions' — who spent nine years renovating the property.

He hoped to rent it out as a living space and entertainment venue, before eventually selling it for a profit. But he had not found any buyers since putting it on the market in January.

Problems on the site began in 2017 when ambitious plans to add a jellyfish tank had to be shelved.

A conflict then broke out between Mr Niami and his lenders last year when they claimed they were owed tens of millions of dollars by his company Crestlloyd, which they had invested in the property.

The total debt on the house was estimated to come to a total of $165,000,000.

Mr Niami told the Los Angeles Times in a telephone interview this summer: “It was 1,000% not my fault. It was a matter of funding, and that’s all I am going to say”

Following a legal battle, the home was put in receivership in September in order to allow the lenders to make their money back by putting it up for sale themselves.

However, Mr Niami took his revenge last week by applying bankruptcy protection for his company just before the house went to auction, meaning the process could not continue.

He believed that had the property been severely undervalued at $164,000,000 (£118,908,200) according to Bloomberg.

Billionaire Don Hankey, who had loaned a large sum of the money to Mr Niami, told the business news website:

"I'm disappointed."

"All we want is to get our capital returned."

It was reported in 2020 that the 'King of LA mega-mansions' owned as many as five mega-mansions that had also gone unsold.

Beverly Hills has been subject to a host of property drama in recent weeks after it emerged that a nearby home owned by Mohamed Hadid — dad of supermodel Bella Hadid — was set to be demolished after the California Supreme Court labelled it a 'clear and present danger'.

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