A storied and virtually undeveloped 157-acre plot of land overlooking Beverly Hills is officially coming to sale with a record-setting asking price of $1 billion. Offering sweeping, 360-degree views ranging from the San Gabriel Mountains to Malibu, the Pacific Ocean, and downtown Los Angeles, prospective buyers will gaze down on neighbors who include Seth MacFarlane, Sylvester Stallone, and Warren Beatty.
Rebranded the Mountain Beverly Hills, the property previously known as the Vineyard Beverly Hills is the highest point in the prized 90210 zip code. It occupies a ridge in the Beverly Crest neighborhood adjacent to Beverly Hills, with Studio City to the north and Bel Air to the west. So large is the prized piece of real estate that all of Disneyland could fit within its confines and still have 57 acres to spare. Press materials liken a visit to the site, accessed via Benedict Canyon, to a “god-like experience.”
Shams Pahlavi, elder sister of Iran’s last shah, Mohammad Reza Pahlavi, acquired the summit property in the late 1970s and planned to construct a single estate. Following the Iranian Revolution of 1979, which saw her brother toppled and Molotov cocktails thrown at her then-California residence by pro-Islamic Republic demonstrators, the princess let the plateau lie fallow for a decade before media mogul Merv Griffin took ownership in 1987.
Hollywood royalty, including Brad Pitt and Tom Cruise, have since reportedly showed interest in all or part of the estate, which was occasionally used as an event space in recent years. But complicated lawsuits over ownership kept the property off the market until now, with the estate being offered for sale by Secured Capital Partners LLC and listed by Aaron Kirman Partners.
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