
In Beverly Crest, a prime piece of land branded as the Mountain just got an avalanche of a price cut. After listing for sale last summer at $1 billion, the property is now offered for about one-third less: $650 million.
Real estate experts tout the property as the finest undeveloped parcel in Los Angeles — and perhaps deservedly so. At 157 acres, it’s about twice the size of Disneyland. It reigns over the city at Beverly Hills’ highest point, soaking in panoramic views from downtown L.A. to the Pacific Ocean to Catalina Island.
The price chop follows reports of a back-and-forth negotiation last month in which Malibu developer Scott Gillen offered $400 million and the seller, Secure Capital Partners, countered with $600 million.
The deal fizzled out from there, but Gillen’s offer was never seriously considered, according to people who wished to remain anonymous because they aren’t authorized to comment on the deal.
The Mountain, which counts entertainer Merv Griffin and an Iranian royal among its former owners, is divided into17 parcels, six of which are zoned for residential development.
The plots could potentially hold a hyper-exclusive enclave of high-end homes, but listing agent Aaron Kirman previously told The Times that he envisions a single buyer looking to erect a private kingdom.
When the acreage listed for $1 billion last year, it was the steepest asking price in L.A. history. At $650 million, it remains the most expensive.
Other stratospheric price tags include Paul Allen’s 120-acre undeveloped plot in Beverly Crest, which listed last year for $150 million. In 2017, handbag tycoon Bruce Makowsky sought $250 million for his four-story megamansion in Bel-Air but has since lowered the price to $150 million.
L.A. has seen some staggering sales in recent years, but
no closing price even sniffs at what the Mountain is asking. Hotelier
Peter Morton currently holds the record after selling his two-parcel
compound on Malibu’s so-called Billionaires’ Beach for $110 million last
spring.
Beachfront pad comes with a buzz
Russell Weiner, creator of Rockstar Energy Drink, has put a contemporary home in Hermosa Beach up for sale at $21 million.
Found
along the Strand, the Louie Tomaro-designed house features dual family
rooms, an elevator, a kitchen designed by Bulthaup and six bedrooms
within 6,200 square feet of living space. A home theater with a 3-D
projector is on the basement level.
An ocean-facing balcony and a rooftop deck with a fireplace and spa make the most of the sweeping ocean views.
Perhaps best of all, in the parking-tight beach community, there’s a three-car garage and additional guest parking.
Weiner
bought the property six years ago for $10 million, records show. He’s
also selling a Beverly Hills compound once home to Madonna for $35
million.
The son of
radio host Michael Savage, Weiner created Rockstar in 1998. The beverage
entrepreneur’s estimated net worth is north of $4 billion.
Raju Chhabria of Chhabria Real Estate Co. holds the listing.
Rocker looks to drum up interest
Outside
San Francisco, a 13,000-square-foot mansion on the Tiburon peninsula is
making some noise in the real estate market. It’s the home of Metallica
drummer Lars Ulrich, and it’s up for sale at $12 million.
The
rocker picked up the property in 1993, records show, which was two
years after the iconic heavy metal band released its acclaimed eponymous
album.
Set behind
gates, the hilltop compound comprises three parcels across two acres for
extra privacy. Glass fills the home, taking in commanding views of the
Golden Gate Bridge and San Francisco skyline.
Past
a landscaped courtyard, double doors enter into a marblewashed foyer.
The home has about 25 rooms including six bedrooms, 7.5 bathrooms, a
library, a sauna, a movie theater and a recording studio. There’s also
an underground basketball/squash court.
Walls of windows fill the master suite, and the sleek bathroom is anchored by a spa tub with a fish tank.
Ulrich,
55, co-founded Metallica with vocalist/guitarist James Hetfield in
1981. The Californiabased band has recorded 10 studio albums and four
live albums, including “Ride the Lightning” and “Master of Puppets.” To
date, the band has sold more than 125 million records worldwide.
Steven Mavromihalis of Compass holds the listing.
Her next frontier: Toluca Lake
Jeri Ryan, known
for her role as Seven of Nine on the television show “Star Trek:
Voyager,” has bought a newly built home in Toluca Lake for $3.25
million.
Tucked behind
black fencing, the contemporary farmhousestyle home has 6,300 square
feet of crisp white interior paired with wide-plank wood floors.
The dining room features a pair of gold-hued wine walls that bookend a floor-to-ceiling fireplace.
The
chef’s kitchen, which has a pantry and wide island, opens to the family
room. Tiered recliners fill the subdued home theater.
Six bedrooms and 6.5 bathrooms include a multi-room master suite. There’s also an office.
Sliding
glass doors open to a covered patio in the backyard. A swimming pool
with a spa, a pool house, lawn and landscaping fill out the grounds.
Since
the “Voyager” finale in 2001, Ryan has stayed busy with television
roles on “Shark,” “Leverage” and “Body of Proof.” More recently, she
appeared as Veronica Allen on the Amazon detective show “Bosch.”
Danielle Peretz of the Agency was the listing agent. Elizabeth Friedman, also with the Agency, represented the buyer.
Gamer casts net for a buyer
Adam Montoya, the YouTube personality better known as SeaNanners, has listed his custom home in West Los Angeles for sale at $2.595 million.
The steel-construction
house, designed by Tony Pleskow Architects, blends textured elements,
geometric shapes and brickwork to striking effect.
At
2,500 square feet, the twostory house has a high-ceiling living room, a
designer-done kitchen and glass-paneled doors that unfold to outdoor
living areas.
Upstairs,
the master suite indulges with a walk-in closet, a spa-like bathroom
and a private terrace. An additional two bedrooms and two bathrooms
complete the floor plan.
Outside, an upstairs balcony creates cover for decking and a patio down below. A detached two-car garage sits nearby.
Montoya, 34, has amassed nearly 5.6 million subscribers to his YouTube channel, which focuses on video game commentary.
He
stars opposite fellow personalities Mr. Sark and VanossGaming in the
YouTube Red animated comedy series “Paranormal Action Squad.”
Grant Linscott of Keller Williams Realty holds the listing.
Dreaming of a ranch hideaway
In remote Nevada, a 3,000-acre cattle ranch once owned by Bing Crosby is up for sale at $7.28 million.
Known
as Lawson Ranch, it’s one of seven properties Crosby owned in the town
of Elko. The “White Christmas” singer took a liking to the place in the
1940s and used it as a getaway from the glitz and glamour of Hollywood.
Local
lore says he’d retreat to the ranch to hunt and fish and sometimes stop
by the drugstore for a milkshake. He became such a presence that the
city named him honorary mayor in 1948.
The ranch holds a 5,000- square-foot home, three guesthouses, a private airstrip, airplane hangar, two barns and a repair shop.
Grass and ponds fill out the flat terrain, and sometimes snowcapped mountains decorate the horizon.
Set up as a fully functioning cattle ranch, the property also includes roughly 600 head of Angus beef cattle.
Todd Renfrew of California Outdoor Properties holds the listing.