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For those who recognize "90210" as one of the most prestigious postal codes in the world, think about this ad that made headlines around the world
A Field on a Mountain in Beverley Hills Los Angeles has been considered the most expensive property in the world, with $ 1 billion. This represents $ 1,305,030,000 in Canadian dollars at the exchange rate in effect on July 30th.
And for that price, you do not even have a giant mansion – just the land.
However, the property is absolutely vast, which is larger than Disneyland California. And it's in the globally revered 90210 zip code, just 10 minutes up the famous shopping hill on Rodeo Drive.
Known as the Beverley Hills Mountain, the property does not have a house, but it has private roads, a safety wall and sprinklered lawns and trees. There is also a paved and illuminated area with fountains designed to be a sculpture garden.
It makes sense to market the houseless property because, more importantly, the land comes with permission to build nearly 1.5 million square feet of living space across multiple buildings, according to the New York Times . So there are plenty of opportunities for a developer to buy and subdivide the land and build, say, 30 mansions, each on five acres.
Remains to be seen if a promoter thinks that there is a profit to be made, with this initial cost of $ 1 billion.
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