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This could be the ultimate flip or maybe, the world's biggest flop.....Either way, a half billion dollar ($500 million), 105k sq. ft. mega-mansion in Los Angeles recently went into receivership after the owner defaulted on more than $165 million in loans & debt.  CNBC is reporting that the house, also known as "The One," was placed into receivership by the Los Angeles County Superior Court and is expected to be relisted at a lower price in the near future.  Interestingly, not only does the house have 4 infinity pools, but it also has a giant moat to keep out uninvited guests.  Indeed...

Expected to hit the market in 2017 with a price tag of $500 million, "The One" has been dogged by repeated delays, funding problems and changing strategies. The home stretches like an ultra-modern palace over eight acres on a hilltop overlooking LA. It has nine bedrooms, multiple kitchens, a nightclub, four-lane bowling alley, salon, gym, 50-seat theater, a running track and an underground garage for 50 cars, with two auto turntables. Its seven water features include multiple pools, a jacuzzi and a moat that surrounds the house. The master bedroom suite is 4,000 square feet. Every door in the house is electric, along with all the toilets. Niami had planned a "jellyfish room" and ice bar but both proved too costly.

Click here to read the full story at CNBC.com.