The property called the mountain is 157 acres and sits on the highest point in the area code 90210. An owner could buy the property and build a 1.5 million square foot property – with three buildings of up to 500,000 square feet.
Its southern views range from Downtown L.A., Orange County, Catalina Island and Santa Monica. It is just five minutes from the Beverly Hills Hotel, but the nearest neighbor is over half a mile away and offers comfort and privacy.
The property also has a private road and millions of dollars in land improvements, including a 16-stone high security gate, landscape lighting, and over 500 trees
"This is the only way to own your own mountain all over Los Angeles looks, "said Aaron Kirman, the broker who represents the estate. "Our likely buyer is an individual who wants to build their own property."
Property prices in Beverly Hills and LA's "Golden Triangle" have risen sharply over the past few years, as home buyers and homebuyers struggle to gain the best seats over Los Angeles to build their dream homes. Evan Metropolous, whose family owns Twinkies, paid $ 65 million for the two-acre, former Danny Thomas Estate in Beverly Hills, which will become the home of a new home.
But as luxury apartments slow down and foreign buyers fade, it remains to be seen if anyone will pay nearly a billion dollars for a piece of land.