The Real Deal Los Angeles

Undeveloped land in Beverly Hills lists for $250M

Listing details suggest a mansion or gated community could be built
September 27, 2017 01:00PM

Rendering of potential mansion at 9560 Cedarbrook Drive (via MLS)

UPDATED, Thursday, September 28, 2017, 2:20 p.m.: For nearly a quarter billion dollars, you too could become a developer in the esteemed 90210 zip code.

A whopping 97 acres of undeveloped land is up for grabs for roughly $250 million, or $2.5 million an acre, Curbed reported. The property consists of 12 contiguous parcels marketed as one large site.

Listing details for the land at 9560 Cedarbrook Drive suggest buyers could build a 75,000-square-foot mansion or a gated community on the grounds. Plans for the mansion are already in final stages of review and would be handed to the new owner.

Land at 9560 Cedarbrook Drive (MLS)

Branden Williams, Jesse Lally and Michelle Saniei of Hilton & Hyland have the listing.

With a $250 million price tag, the plot of land would top the $200 million listing price of the iconic Spelling Mansion in the Holmby Hills. [Curbed] – Natalie Hoberman