A giant parcel of land at the top of Beverly Hills aims to become the most expensive real estate ever sold, with a price tag of $1 billion — with a "B."
The property, called The Mountain, is 157 acres and sits on the highest point in the 90210 ZIP code. One owner could buy the property and build a 1.5-million-square-foot compound — with three structures of up to 500,000 square feet.
Its southern views range from downtown LA to Orange County, Catalina Island and Santa Monica. It's only five minutes from the Beverly Hills Hotel, but the nearest neighbor is over a half-mile away, offering convenience and privacy.
The property also comes with a private road and millions of dollars in land improvements, including a 16-foot-tall stone security gate, landscape lighting and more than 500 trees.
"This is the only opportunity to own your own mountain that looks down at all of Los Angeles," said Aaron Kirman, the broker representing the property. "Our likely buyer is an individual who wants to build his or her own compound."