This $1 Billion Beverly Hills Estate Is Los Angeles’ Most Expensive Ever
If you’re super rich, audacious and aroused enough to place the winning bid, bring your glamping gear. That jaw-dropping price tag is just for the panoramic tract of semi-developed land overlooking Los Angeles. There’s no mansion here yet, so pack your architect too.
But what a small inconvenience compared to what you are getting—the most exclusive promontory real estate in the USA. One-of-a-kind, The Mountain spans a stupefying 157 acres (nearly twice the size of Disneyland), with an über private road that serpentines skyward toward 90210’s largest and loftiest peak, a summit best admired by helicopter.
That view is like virtually dropping Disneyland onto Mount Baldy (L.A.’s highest peak), where you’re the only guest at the park (no cars, tourists, hikers or Mickey Mouse). Of course, the price of admission is still three commas, but who’s counting? Did I mention The Mountain costs $1 billion? That’s crazy. Paging Elon Musk—you boldly go where no man has gone before. How about a mountain where you can build a helipad, a Tesla dealership, a space observatory or even a rocket launcher for your Mars missions?
“The Mountain can fit eight of The One properties with over 125 acres to spare,” says listing agent Aaron Kirman of Pacific Union Real Estate. “If the buyer wants to build a theme park as massive as Disneyland, they can, with over 100 acres to spare. You can truly create your own kingdom.” That’s Michael Jackson talk.
The unprecedented Beverly Hills hilltop compound boasts 1.5 million square feet of ready-to-build zoned lots, proximity to Rodeo Drive shopping, and birds-eye views stretching from downtown L.A. to the Pacific Ocean to Catalina Island. All neighbors are out of binocular range—the nearest house located a half-click away. This compound may even be paparazzi proof.
The Mountain will certainly catch the eye of trophy hunting Russian oligarchs and Middle East royalty. Kirman says the property is ideal for someone looking to make a grand entrance into Los Angeles society.
Secured Capital Partners poured millions into developing The Mountain’sland, positioning it to officially hit the market on August 6. The Mountainincludes 17 football field-sized parcels of land, six of which cascade down surrounding elevations—ranging from 2.7 to 12.2 acres, all zoned and ready for residential building.
The buyer will be permitted to build dwellings up to 48 feet tall (12 feet higher than current codes) thanks to a vested grandfather clause. More than 5,000 plants and 500 trees were transplanted to the property, which also features stone aggregate roads leading to a cobblestone drive, extensive landscape lighting around the entire property, and a water feature sculpture garden.
Secured Capital Partners transformed The Mountain with vital infrastructure improvements—utilities, electricity, road work, fiber optics. This includes an advanced storm drain system and water retention basin; fire hydrant booster system; and a backup generator that can power 300,000 square feet of buildings during a citywide power outage. You won’t find that at Home Depot.
Formerly known as Vineyard Beverly Hills, The Mountain’s land was owned by various trusts, entities, royals (the Shah of Iran’s sister) and celebrities (game show impresario Merv Griffin) since the 1970s, but it was never developed until now, according to Kirman. Even actors Tom Cruise and Brad Pitt once showed interest, according to Bloomberg. In 2018 ownership transferred from Tower Park Properties to Secured Capital Partners which consolidated multiple parcels into one large real estate diamond to maximize the property’s extraordinary value.
“My team has identified that there are 100 billionaires who would be interested and can afford this property in the world,” says Kirman, who believes the property will set a new Los Angeles and world record. “I’m fortunate to have personal relationships with half, the other half we’ll find.”
Beverly Hills has sprouted many things over the last century—lima beans, water, oil, and movie stars. The modern crop seems to be free-spending billionaires. Oil and water may not mix well. But billionaires and mountain hideaways do.