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The list of $ 1B "which may be the end of real estate"
The undeveloped 157-acre property is located at the highest point of Beverly Hills
(Pixabay, Max Pixel) )
Mountain of Beverly Hills is a property of superlatives: the highest point in the 90210 zip code, the most expensive list in the history of Los Angeles and, perhaps, the most expensive.
With its cost of $ 1 billion, the question is whether or not it will sell at a price, even within the limits of what his seller asks.
"This will set the world on fire if it sells for a billion," Hall & Hall's Tim Murphy, a specialist in Grand Ranch and Farm Properties, told the Los Angeles Times. "It may be the end of real estate."
The rating agent Aaron Kirman of Pacific Union Real Estate recognizes the challenge: "Being impressed by dirt, it's hard," as he told The New York Times. -on billionaire color-coded spreadsheets that it targets and a nebulous marketing budget of $ 400,000 to $ 1 million (or more).
Although the property is divided into 17 plots that could be sold individually or, in theory, built Kirman is aimed at a wealthy buyer.
"There are 2,800 billionaires in the world," he told the Los Angeles Times. "We realized that there are 100 who could and would like to buy the property."
Up to now, Kirman has been in contact with five billionaires and plans to make trips to London, Qatar, Russia and China to meet others
Meanwhile, Back on the mountain, he planned to build a fully glass cube where he could accommodate potential buyers and he is looking for ways to allow interested billionaires to stay a night or two on the property. 19659005] The property, formerly known as Beverly Hills Vineyard, has changed hands several times without any of the major projects of its former owners being realized. The current owner is Secured Capital Property, an LLC managed by the son of philanthropist Victorino Noval, Victor Franco Noval. [LAT]
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