LOS ANGELES (CNS) — Call it a bargain.

A sprawling mega-mansion in Bel Air was sold at auction Thursday — at less than half the asking price of $295 million.

According to various reports, the winning bidder for the estate known as “The One” was a mere $126 million, or a total of $141 million, when auction costs and commissions are factored in.

The winning bidder for the 21-bedroom estate at 944 Airole Way has not been identified, but the sale price is believed to be the highest-ever auction price paid for a home. The sale is still subject to approval from a bankruptcy court judge, with a hearing set for later this month.

According to Concierge Auctions, which managed the sale, the 105,000-square-foot estate “is the largest and grandest house ever built in the urban world.” The property includes five pools, a nightclub, salon and spa, along with a 10,000-square-foot sky deck, 400-foot private outdoor running track and a movie theater.

The estate, which is still incomplete, sprawls across nearly 4 acres, and it includes 42 full bathrooms and seven half-baths.

The project was the borne by developer Nile Niami, who once boasted it would sell for as much as $500 million.

According to the Los Angeles Times, the sale price falls well short of the $190 million in debt carried by the property, meaning creditors are likely to take some heavy losses.