The Mountain, a 157-acre property at the highest peak in Beverly Hills, is for sale for $1 billion.
The property is big enough to fit Disneylandand California Adventure theme parks, and has 1.5 million square feet of lots ready to be built upon.
The likely buyer is a billionaire who wants to build their own compound — but there are only about 100 people in the world who fit the bill, says the listing agent.
Up for sale: a 157-acre mountain at the highest peak in Beverly Hills towering over Los Angeles. And it's all yours for $1 billion.
Expensive real estate may come as no surprise in the famous 90210 zip code, but there's no denying the jaw-dropping value of a 10-figure price tag. It sets the record for Los Angeles' most expensive listing ever, reports the Los Angeles Times, and no one in the world has yet to pay that much for personal property (publicly known), according to the New York Times.
But the land itself is impressive. Located off of Benedict Canyon, "The Mountain," as it's called, is big enough to fit Disneyland and California Adventure. Sold as one plot, it comprises 17 parcels of land, with 1.5 million square feet of lots zoned and ready to be built upon.
According to a news release by PR firm The Society Group, estates and lots of this size are a rarity in Los Angeles.
But, as is common for Los Angeles, The Mountain has an intriguing history, being passed through many famous and wealthy hands. According to the Los Angeles Times, it was once owned by an Iranian princess, talk show host and TV producer Merv Griffin, and a nutrition mogul, all of whom held the land but never built anything on it.
Who will soon be added to the list?
"Our likely buyer for this property is an individual who wants to build his or her own compound," Aaron Kirman of Pacific Union International, the listing agent, said in the news release.
While Kirman's already shown the property to a few billionaires — one who conceptualized it as a "Huntington Garden-style oasis," — he told the Los Angeles Times he intends to use his $400,000 to $1 million-plus estimated marketing budget to fly around the world in search of more potential buyers.
"There are 2,800 billionaires in the world," Kirman told the Los Angeles Times. "We realized there are 100 of those that could and would want to buy the property."
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