Late Microsoft co-founder’s Beverly Crest estate fetches $65 million

Price tag for 120-acre Enchanted Hill tumbles from original ask

Los Angeles /
Jan.January 04, 2022 08:48 AM
Paul Allen, the late co-founder of Microsoft, in front of the Enchanted Hills property (Getty Images, Redfin, iStock)

A 120-acre hilltop estate with sweeping views of Los Angeles owned by the estate of late Microsoft Corp. co-founder Paul Allen has sold for $65 million.

The Beverly Crest property known as Enchanted Hill, with ties to the Golden Age of Hollywood, ratcheted down from an original asking price of $150 million, according to the Los Angeles Times.

Situated on a grassy ridge between Bel-Air and the Hollywood Hills, the prized estate is one of the largest undeveloped properties in the region. It affords views of stunning vistas of rugged canyons, the sprawling city and the Pacific Ocean. Two entrances lead in from Benedict Canyon Drive and Angelo Drive.

The property was once owned by screenwriter Frances Marion and film star Fred Thomson. The power couple of the silent era commissioned famed California architect Wallace Neff to build a Spanish Colonial Revival-style gem. With its built-in pipe organ, 100-foot swimming pool, lush gardens and mahogany-floored horse stable, it entertained a parade of breathless guests.

A neighbor, silent film actress Greta Garbo, would dub it Enchanted Hill.

The landmark stood for decades until Allen purchased the property for $20 million in 1997, then bulldozed it to build his own mansion. It was never built.

The Microsoft mogul had hoped to construct a single-family compound, equestrian facilities and a winery. He had readied the grounds for development, splitting up the winding estate into five separate lots while adding a one-mile driveway, two gated entrances and infrastructure for utilities.

Allen died in 2018 after a battle with cancer. He was 65. The programming genius was 22 when he founded Microsoft with Bill Gates. He left the company eight years later. He went on to amass one of the largest fortunes in U.S. history, and gave his life to philanthropic causes and investments, including the Seattle Seahawks and Portland Trail Blazers franchises.

At the time of his death, Forbes estimated Allen’s net worth at $20.3 billion.

In 2019, his Beverly Crest property was listed by a trust tied to his estate for $150 million, then whittled down to $95 million. The listing for the final sale at $65 million was held by Jeff Hyland, Rick Hilton and Zach Goldsmith of Hilton & Hyland.

It wasn’t his most expensive estate sale. That honor goes to the Octopus, a $266-million mega-yacht sold last summer complete with a swimming pool, gym, library and space for two helicopters and a submarine, according to Superyacht Times.

In July, his 3.2-acre estate in Beverly Hills went up for sale for $55.5 million. The Spanish-style compound at 9402 Beverly Crest Drive that he bought for $10 million in 1997 includes 24,000 square-feet of living space.

Among its many customized features is an all-glass funicular that connects the pool area to the lighted tennis court below.


Related Articles

arrow_forward_ios
Rendering of project at 12826 Philadelphia Street (City of Whittier, iStock)
OC developer eyes Uptown Whittier for 52-unit apartment complex
OC developer eyes Uptown Whittier for 52-unit apartment complex
Haim “Milo” Revah and the property at 705 N. Alta Drive in Beverley Hills (Redfin, Getty)
Foreclosed Beverly Flats home listed for $22M
Foreclosed Beverly Flats home listed for $22M
CIM Group’s Shaul Kuba with renderings of the project at 6007 Sunset Blvd in Hollywood (Cim Group, Getty)
CIM clears hurdle toward building 109-unit complex in Hollywood
CIM clears hurdle toward building 109-unit complex in Hollywood
Artist Guild Hotels' Daniel Hyde and the Palmer Building (LinkedIn, AGI)
Hollywood’s historic Palmer Building could become hotel with rooftop restaurant
Hollywood’s historic Palmer Building could become hotel with rooftop restaurant
Sam Nazarian with 385 Copa de Oro Rd (Westside Estate Agency, Kevin Scanlon, iStock, Illustration by Shea Monahan for The Real Deal)
Sam Nazarian puts Bel-Air manse on market
Sam Nazarian puts Bel-Air manse on market
Pasadena mayor Victor Gordo and attorney general Rob Bonta (iStock, Rob Bonta, City of Pasadena, Illustration by Kevin Cifuentes for The Real Deal)
Pasadena withstands AG’s slings and arrows on SB 9
Pasadena withstands AG’s slings and arrows on SB 9
The property at 10301 Strathmore with Architect Richard Manion (Richard Manion, 10301 Strathmore)
$25M ask hits mid-market in Holmby Hills
$25M ask hits mid-market in Holmby Hills
Tammy Hughes Gustavson and 27628 Pacific Coast Highway (LinkedIn, Coldwell Banker Realty)
Self-storage billionaire lists Malibu estate in Paradise Cove
Self-storage billionaire lists Malibu estate in Paradise Cove
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...