Estates, Landmarks
- August 28, 2018
-
Views: 2
157-Acre Parcel in Beverly Hills Lists for $1 Billion
Warning: Array to string conversion in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor/core/dynamic-tags/manager.php on line 73



157 acres of California development land to list for $1 billion?
The New York Times reports that a 157-acre parcel in the Beverly Hills 90210 ZIP code will soon come to market for $1 billion ($6.3 million per acre). Zoned for six lots, the mountaintop property currently has no improvements. Permits, however, are in place to build up to 1.5 million square feet of living space across multiple building sites. Aaron Kirman of Pacific Union International has the listing on the property. Kirman has overseen the rebranding of the property from the Vineyard Beverly Hills to the Mountain of Beverly Hills. He is quoted by The Times as marketing the Mountain of Beverly Hills as a family compound for a single buyer whom he believes will hail from overseas. Among the recent owners of the pricey acreage are the older sister of the last shah of Iran, the late talk-show host Merv Griffin, and Herbalife founder and CEO Mark Hughes. Read more HERE.
Photo Credit: Beth Coller for The New York Times
RELATED ARTICLES
Lennar to Pay $5.7 Billion for CalAtlantic
Continued confidence in a robust US economy was reiterated by the announcement of the largest …
The Land Report Spring 2014
2013 was a year of superlatives: billion-dollar acquisitions, record-setting prices, and landmark sales. And behind …
Land Report December 2016 Newsletter
The New Year is knocking on the door, but that hasn’t slowed the pace of …
Elk Creek Ranch Acquires Seven Lakes
For those who are passionate about outdoor pursuits, the next great adventure can’t come soon enough.