Most expensive home in America lists for $295 million, may head to auction

A 105,000-square-foot Los Angeles megamansion known as “The One” listed Friday for $295 million, making it the most expensive listing in the U.S.

It was built by Nile Niami, who promoted it as the “biggest and most expensive modern home in America,” with an eventual asking price of $500 million.

The megamansion was placed into receivership last year.

If it doesn’t sell quickly, “The One” heads to auction in February as part of a bankruptcy agreement and will be sold to the highest bidder.