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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsL.A.'s first-ever 10-figure asking price for real estate: $1 billion
http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-1-billion-beverly-crest-20180728-story.htmlBillion with a 'b': Prized Beverly Crest acreage aims for $1,000,000,000
By Jack Flemming
Jul 28, 2018 | 6:05 AM
At Beverly Hills' highest point, a 157-acre land parcel with a storied history is hitting the market with the highest price tag L.A. has ever seen: $1 billion. (Beth Coller)
On a summit above Beverly Hills, a sweeping 157-acre property touted as the citys finest undeveloped parcel is hitting the market with L.A.s first-ever 10-figure asking price: $1 billion.
Its being branded as The Mountain, and fittingly so. The undeveloped acreage sits at the highest point in the 90210 ZIP Code, and its by a mile the most expensive listing in the history of Los Angeles.
For reference, a 120-acre plot owned by Microsoft Corp. co-founder Paul Allen is on the market in the same Beverly Hills Post Office area for $150 million. Last year, handbag tycoon Bruce Makowsky made waves when he listed his four-story mega-mansion in Bel-Air for $250 million.
Aaron Kirman, the listing agent, calls it the crown jewel of Beverly Hills, noting that the potential is unparalleled. Views stretch from downtown Los Angeles to Catalina Island, and the closest neighbor is half a mile away. Disneyland, at roughly 85 acres, is a little more than half the size of the property.
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fierywoman
(7,683 posts)madaboutharry
(40,209 posts)And brush fires!
TheBlackAdder
(28,189 posts)NBachers
(17,108 posts)More_Cowbell
(2,191 posts)What gives people the right to own big parcels of land to keep others out. Doesn't the land belong to all of us?
Javaman
(62,521 posts)(I have always thought this should have been our National Anthem)
This land is your land, this land is my land
From the California to the New York island
From the Redwood Forest, to the gulf stream waters
This land was made for you and me
As I went walking that ribbon of highway
I saw above me that endless skyway
And saw below me that golden valley
This land was made for you and me
I roamed and rambled and I followed my footsteps
To the sparkling sands of her diamond deserts
And all around me , a voice was sounding
This land was made for you and me
When the sun comes shining, then I was strolling
In the wheat fields waving and dust clouds rolling
The voice was chanting as the fog was lifting
This land was made for you and me
This land is your land and this land is my land
From the California to the New York island
From the Redwood Forest, to the gulf stream waters
This land was made for you and me
When the sun comes shining, then I was strolling
In wheat fields waving and dust clouds rolling
The voice come chanting as the fog was lifting
This land was made for you and me
NCTraveler
(30,481 posts)It's also a requirement for a peaceful civilization.
"Doesn't the land belong to all of us?"
No. This is soundly rooted in law.
VOX
(22,976 posts)But whats $12 million a year to someone who has a $1 billion-dollar home?
rainin
(3,011 posts)Vinca
(50,269 posts)Give me 157 inexpensive acres in Vermont any day.
superpatriotman
(6,247 posts)Otherwise I'll offer $500 million. Let me know.
blugbox
(951 posts)Look at how much stinkin cleaner LA air quality has gotten over the years! How is that not obvious to older repugs? They want to undo that??