Emerging from the exclusive realm of off-market listings, the recently listed The Mountain site is turning the heads of buyers, sellers and Realtors with its record-setting list price of $1 billion. Minutes from the Beverly Hills Hotel and Rodeo Drive, this 157-acre hilltop location has been transformed into the world’s most exclusive and private residential real estate compound.
The property, currently owned by Secured Capital Partners, was consolidated from 17 multiple parcels into “one large real estate diamond,” according to Ronald Richards, legal counsel and spokesperson for Secured Capital Partners. Aaron Kirman, president of Pacific Union International, Estates Division and the listing agent for The Mountain, affirms that no other property with these possibilities exists any place close to Beverly Hills. “This is the only opportunity to own your own mountain that looks down at all of Los Angeles. Our likely buyer for this property is an individual who wants to build his or her own compound,” says Kirman.
The compound is the size of a small city, with six parcels that are made ready to build and have unobstructed views that range from downtown Los Angeles to Catalina Island and Santa Monica. With the amount of space to fit the entirety of Disneyland, and 57 acres to spare, the buyer will be able to build three buildings up to 500,000 square feet and up to 53 feet high, with the nearest neighbor a half-mile away.
In order to perpetuate exclusivity, invaluable amounts of time and effort have been spent to make this one of the most private properties in the country. More than 500 trees and 5,000 smaller plants have been transplanted to the property, along with a massive 16-foot-tall custom security gate.
Other renovations made to the property were outfitted as preparations for development, but still leave the land open to suggestion. Stone aggregate roads lead to a hand-selected cobblestone drive, as well as a sculpture court accented by a full-length water feature. An in-depth landscape lighting design exists throughout the property, as well as a storm drain system, a booster system for fire hydrants and a backup generator.
“To be able to claim ownership of the largest property at the highest point in all Los Angeles, will make the buyer the most prestigious billionaire overnight,” says Richards.