Five New Mansions Hit Market in Elite Hidden Hills Near L.A.

The first wave of TDR Development’s new collection of mansions have hit the market in one of Los Angeles’ most exclusive, A-list neighborhoods: Hidden Hills.

Tucked in west San Fernando Valley, Hidden Hills is a gated 2-square-mile city where the ultra wealthy flock for privacy, including Kim and Khloe Kardashian, Tristan Thompson, Dwayne Michael Carter Jr., known professionally as Lil Wayne, and up until recently, Los Angeles Rams quarterback Matthew Stafford.

The exclusive town’s current housing stock is 688, and development opportunities are hard to come by, said May Nachum, a realtor at The Agency and a Hidden Hills resident herself.

But after securing a 36-acre land buy from one of Hidden Hills’ original residents, TDR set out to establish The Collection at Hidden Hills, which will comprise 14 new builds, five of which are complete and hit the market on Wednesday.

Nachum and The Agency’s Blair Chang hold the listings for the homes at 24247, 24227 and 24255 Bridle Trail Road, 25079 Jim Bridger Road and 5831 Fitzpatrick Road. The estates range from 11,000 square feet to more than 20,000 on lots up to 2.8 acres and are priced between $16 million and $40 million. That’s in the ballpark of $1,500 to $2,000 per square foot.

Designed in a variety of architectural styles, the homes aim to blend indoor and outdoor living through sliding doors and millwork. Some have amenities like pickleball courts, theaters, bowling alleys, gyms and equestrian barns.

Aside from privacy, another notch in Hidden Hills’ belt is its exemption from Measure ULA. The measure puts a 4 percent tax on residential and commercial real estate deals in the City of Los Angeles starting at $5.3 million and goes up to 5.5 percent on sales of $10.6 million or more. The price thresholds that trigger the so-called mansion tax will change slightly with the city’s new fiscal year on July 1.

Starting out as the “playground for the Valley’s old money,” as Nachum put it, Hidden Hills eventually began attracting celebrities, investors and professional athletes in recent years — and Nachum and Chang anticipate another shift for the community, not in resident pool but in pricing.

Chang said Hidden Hills pricing is behind other luxury enclaves.

“A $20 million house in Hidden Hills would be $40 million if you plopped it into Bel Air — same size house, same size lot — so you have a great value proposition right now,” Chang said.

But with upcoming investment coming to the broader area, Chang predicts that gap will shrink.

Stan Kroenke is planning his $10 billion redevelopment of Warner Center, which will include a new headquarters for the Los Angeles Rams, two concert halls, shopping centers and high-end apartments.

Caruso is redeveloping The Commons at Calabasas to add about 27,000 square feet of retail and restaurant space, along with 80 luxury apartments.