This Los Angeles property has the honor of being the most expensive property to have ever been listed for the resounding amount of $1 billion. Although it does not include a house, the property is comprised of a 157-acre of sprawling land located on the highest peak in Beverly Hills. Today, The Most Expensive Homes blog will explore the phenomenal listing that has been named The Mountain!
The property offers a developer’s dream of lots of flat land with 360-degree ocean-to-skyscraper views. It even sports L.A.’s most famous zip code, 90210. But when it comes to standing out from the competition, nothing can compare with its price tag: $1 billion.
Far from deterring buyers, the ten-figure price has inspired a stream of potential buyers and according to Aaron Kirman, a listing agent of Pacific Union Real Estate, “In the past two weeks, I’ve taken 50 calls. Ten of them were qualified. Although it’s zoned for six houses, most of the people we take are looking for a place of their own. They want to do a compound with multiple structures, multiple pools, gardens, gyms, and guesthouses.” One potential buyer envisioned adding a zoo; another, an amphitheatre.
The Mountain is the latest to join L.A.’s great race of incredible real estate excess. Nearby, developer Nile Niami is finishing what was expected to be L.A.’s highest-priced listing before The Mountain came to market. Called The One, the 100,000-square-foot “giga-mansion” includes a 5,000-square-foot master suite, a 30-car gallery, a 45-seat IMAX theatre, and a surround-swim jellyfish-viewing gallery.
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Source: Architectural Digest