Here’s a real estate opportunity you don’t see every day. A total of 97 acres of undeveloped land within the 90210 zip code is looking for a buyer—and it comes with plans for an enormous megamansion that, if built, would be among the largest residences in Los Angeles.
How much for this sprawling hillside property? A cool $250 million—just over $2.5 million per acre.
Realtor Branden Williams of Hilton & Hyland tells Curbed that the property consists of 12 contiguous parcels that the seller began acquiring in the mid-2000s. They are being sold together, but Williams says that offers for individual parcels will also be considered.
The listing description for the property suggests that the massive Beverly Crest lot, which overlooks Coldwater Canyon Drive, could also be subdivided into a “gated community” if the buyer is feeling especially ambitious.
“To own this last piece of property—a few minutes away from the Beverly Hills Hotel—is an incredible opportunity,” says Williams. He notes that the seller had been receiving informal offers for the huge tract of land prior to bringing it to the open market and that prospective buyers are “circling” now that it’s been formally listed.
According to the listing, plans for the massive mansion are already in the final stages of review. At 75,000 square feet in size, it would dwarf the 56,000-square-foot Spelling Manor and the 60,000-square-foot Chateau des Fleurs in Bel Air.
It wouldn’t be quite as big as investor Nile Niami’s under-construction 100,000-square-foot residence that he’s taken to calling a “giga-mansion.” That project gained attention several years ago when Niami announced plans to list the mansion for a whopping $500 million.
With price tags like that, it’s no wonder a bit of prime Beverly Hills Post Office dirt could fetch a quarter of $1 billion.