The Real Deal Los Angeles

Bel Air Canyon plot, once listed for $125M, has been price chopped to $95M

Land was once highest-priced parcel in all of LA County
By Katherine Clarke | May 13, 2016 03:11PM

The Bel Air Canyon site

The Bel Air Canyon site

A plot of undeveloped land in the canyons of Bel-Air, which once had a $125 million price-tag— making it the priciest piece of land available in all of L.A. County— has had its price slashed to $95 million, The Real Deal has learned.

The price cut represents a 24 percent discount to the original ask. Aaron Kirman of the John Aaroe Group has the listing. He was not immediately available for comment.

The 258-acre plot, just north of the Getty Center, reportedly represents a whopping 6 percent of the whole neighborhood of Bel Air and could be redeveloped as a single-family compound or even as a small community of homes, subject to approvals.

The property, which stretches between Linda Flora Drive and Sepulveda Boulevard, is the third most expensive listing currently available for sale in L.A., after a $150 million mansion on Carolwood Drive in Hollywood and a $95.4 million land listing in Beverly Hills.

The identity of the landowner was not immediately clear.