Beverly Hills' Most Expensive Condos
Live like a Hilton or L.A. Dodgers owner Frank McCourt (who's transitioning from a well-publicized divorce) with perks such as 24/7 room service, hotel staff on call, and access to the hotel's plush spa.
Of the 20 residences at the hotel in the center of Beverly Hills, six have been sold and two are under contract. A March sale of $6.150 million for a 2,550-square-foot, three-bedroom residence is the highest priced condo to be sold in Beverly Hills, per local real estate agent and blogger Stewart Penn. If the price doesn't scare you, there are even more reasons to permanently check in....
Of 14 residences still available, there's an $11.25 million ($12.7 million furnished) 4,700-square-foot spread which has views of the rolling hills and Beverly Hills' rooftops from its generous-size balconies. Plus it's loaded with a pre-wired media system that includes a plug-in for an iPod.
No worries regarding security: Owners are connected to the hotel's system, and monthly HOA fees ($3,400 to $6,500 depending on square footage) cover security, utilities and a concierge. If your Miele dishwasher fails, simply call down to hotel maintenance for a quick fix.
The Montage Residences are one example of L.A.'s newest residential trend: Hotel as home. As the Los Angeles Times reports, unlike other condo-hotel development projects, owners are not required to rent their digs to transient guests. Three other new hotel/condo projects follow the same model: the W Hollywood Hotel & Residences, the newly opened Ritz-Carlton Hotel & Residences in downtown Los Angeles at LA Live, and Rancho Palos Verdes' Terranea Resort.
All buy-ins allow owners access to a property's splashy amenities.
At the Montage that access includes a separate elevator and pedestrian entrance, and owners-only parking spaces. There's also a phone in-house that connects to the hotel's switchboard and owners have house accounts: Just sign for bar tabs and spa services.
Floor plans range from 1,900 to 5,700 square feet, and from two- to five-bedroom configurations. The building evokes Spanish Revival architecture; residence's interiors are primo, with fine finishes and details such as hand-hewn parquet, pecan-wood floors, limestone mantels and all stainless-steel appliances.
Developed by Montage Hotel & Resorts, founded by Alan Fuerstman, there's also a sister property in Laguna Beach where oceanside villas sold out in a short time. A Deer Valley, Utah slopeside resort is now in the finishing stages.
Beverly Hills' Montage opened in November 2009, and the residences are now gaining attention in the market and waiting for that 21st-century Eloise who can afford to buy-in.
For other Beverly Hills properties for sale, there's AOL Real Estate.