Thirty-acres of land in Bel-Air boasting panoramic views of LA and with planning permits to build a sprawling estate is listed for a staggering $60million
- A 30-acre estate in the heart of Bel-Air boasting panoramic views of LA’s sprawling countryside is up for sale
- With idyllic views of a neighboring vineyard and of rolling Californian Hills, realtors expect to sell for $60m
- LA developer Eri Kroh said he spent a decade lining up permits and plans to build an estate on the property
- While basic construction has already begun, Kroh is inviting buyers to develop the estate to their own taste
- It will boast tennis courts, basketball courts, indoor and outdoor pools, a ballroom and a subterranean garage
- In July 2018, a 157 acre hilltop property in the coveted Beverly Hills 90210 was listed for a mind-boggling $1bn
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A sprawling piece of land in the heart of Los Angeles’ most sought after neighborhood boasting views of an idyllic vineyard and rolling Californian hills has been listed for a staggering $60 million.
The 30-acre estate, located on a private road near Sunset Boulevard in the affluent suburb of Bel-Air, comes with planning permits to build a lavish 40,000-square-foot mansion along with an extended driveway and a myriad of other luxury trappings befitting royalty.
The seller, Eri Kroh of Sandstone Properties, claims to have worked for more than ten years lining up permits and planning permissions to allow one wealthy buyer the chance to build their own bespoke estate from scratch.
A sprawling piece of land in the heart of Los Angeles’ most sought after neighborhood with views of an idyllic vineyard and rolling Californian hills has been listed for a staggering $60 million. The 30-acre estate, located on a private road near Sunset Boulevard in the affluent suburb of Bel-Air, comes with planning permits to build a lavish 40,000-square-foot mansion, along with an extended driveway and a myriad of other luxury trappings befitting royalty
The seller, Eri Kroh of Sandstone Properties, claims to have worked for more than ten years lining up permits and planning permissions to allow one wealthy buyer the chance to build their own bespoke estate from scratch
While the basic construction has already begun, wealthy buyers are invited to design the estate, along with their own tennis courts, basketball courts, indoor and outdoor pools, a ballroom and a subterranean garage capable of housing more than ten vehicles, all to their own specifications
While the basic construction has already begun, wealthy buyers are invited to design the estate themselves including putting the finishing touches to their own tennis courts, basketball courts, indoor and outdoor pools, ballroom and subterranean garage capable of housing more than ten vehicles.
The property is also ripe to develop its own vineyard, with the neighboring field providing local wineries with some of their most prized ingredients, as well as fertile ground and endless Californian sunshine.
Kroh told the WSJ that he wants buyers to customize the property to their own unique tastes.
‘The heavy lifting is completely done. The fun part is what’s left,’ he said. ‘I think any buyer would like to use their own creativity and finishes.’
The property is also ripe to develop its own vineyard, with the neighboring field providing Californian wineries with some of its most prized ingredients, as well as fertile ground and endless Californian sunshine. Kroh told the WSJ that he wants buyers to customize the property to their own unique tastes
The realtor bought the site for $6 million in 2005, boasting a potential profit exceeding $50 million in less than 15 years. The auction comes less than six months after a 157 acre hilltop property in the coveted Beverly Hills 90210 zip code, a stones throw from Rodeo Drive was listed for a cool $1 billion
With an elevated view affording panoramic views of LA’s most iconic landmarks, from Century City to downtown, the stunning, sprawling acreage came with permission to build nearly 1.5 million square feet of living space across multiple residencies
The realtor bought the site for $6 million in 2005, boasting a potential profit exceeding $50 million in less than 15 years.
The auction comes less than six months after a 157 acre hilltop property in the coveted Beverly Hills 90210 zip code, a stones throw from Rodeo Drive was listed for a cool $1 billion.
With an elevated view affording panoramic views of LA’s most iconic landmarks, from Century City to downtown, the stunning, sprawling acreage came with permission to build nearly 1.5 million square feet of living space across multiple residencies.