“The Mountain” is a 157-acre property overlooking Beverly Hills.
BEVERLY HILLS, CA – An undeveloped property with a record-breaking $1 billion asking price is hitting the market near Beverly Hills. The sweeping 157-acre property on a summit overlooking the city was branded “The Mountain.”
“The Mountain” sits at the highest point in the infamous 90210 ZIP Code. It’s the most expensive listing in the history of Los Angeles County.
Previous huge Beverley Hills listings were the 120-acre plot owned by Microsoft Corp. co-founder Paul Allen and are on the market in the same Beverly Hills Post Office area for $150 million, and handbag tycoon Bruce Makowsky made waves when he listed his four-story mega-mansion in Bel-Air for $250 million.
Listing agent Aaron Kirman refers to the property as “the crown jewel of Beverly Hills.” Views stretch from downtown Los Angeles to Catalina Island, and the closest neighbor is half a mile away. Disneyland, at roughly 85 acres, is a little more than half the size of the property.
“The Mountain” has a history of royals and celebrities. It was once owned by a sister of the late Shah of Iran, Princess Shams Pahlavi, who had plans of building a lavish palace there. The property was later acquired by talk show host-turned-TV-producer Merv Griffin, who commissioned prominent designer Waldo Fernandez to create a marble-and-limestone mansion. But it was never built. Bold-faced names attached to the property, be they previous owners or once-prospective buyers, including Brad Pitt, Tom Cruise, and Herbalife founder Mark Hughes.