Spec Homes

There are currently 2 blog entries related to this category.

The most expensive home sold in Trousdale Estates, Beverly Hills

1181 Hillcrest Road, a Trousdale Estates spec home, was one of the most ambitious spec houses built and listed in the neighborhood, the City of Beverly Hills, and all of Los Angeles. At approximately 22,300 square feet of living space on a 41,608 square foot lot, this home was originally listed for $85,000,000 and sold this past week for $70,000,000 ($3,139/square foot) to Swedish tech billionaire Markus "Notch" Persson, creator of the video game Minecraft. Persson outbid multiple buyers including power couple Sean Carter, aka Jay-Z, and Beyonce Knowles. The $70 million sale sets a Beverly Hills record for the price paid for a singe-family home.

The question is what makes this property worth $70M? The answer is a combination of location, views,

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When we think of the most expensive areas of Los Angeles, a few blue-blood neighborhoods always come to mind. Malibu, Holmby Hills, Bel Air, and Beverly Hills usually lead the conversation for the most desirable and most prestigious (and therefore most expensive) neighborhoods in Los Angeles. Based on recent activity, it looks like we have a new contender in the Hollywood Hills, specifically the easiest accessed portions on the the Hollywood Hills located above the Sunset Strip: Doheny Estates, the Bird Streets, Lower Doheny, and Sunset Plaza.

Buildable view lots in the Hollywood Hills

The Hollywood Hills cannot compete with the other premier neighborhoods for blockbuster sales of mega mansions over $50 million (and will never have a $100 million dollar home), because the neighborhood

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