Unfinished Beverly Hills Property Listed for $32 Million

A unique real estate opportunity has emerged in Beverly Hills. A property featuring only a completed basement foundation is now on the market for $32 million. This 1-acre hillside lot was purchased in 2014 for $9.1 million, with ambitious plans for a luxury estate.

Despite minimal construction progress over the years, the property’s value has significantly increased due to its prime location and the potential for a high-end build. The listing is targeting wealthy buyers and investors who are eager to create a customized estate in one of the most prestigious neighborhoods in the world.

Approved Plans for a Luxury Estate

The property comes with approved plans for a sprawling 13,600-square-foot mansion. The design includes five spacious bedrooms and eight bathrooms, ensuring ample living space. The proposed plans emphasize open-concept living areas, allowing for a seamless flow between indoor and outdoor spaces.

A state-of-the-art wellness center is a major highlight of the design, featuring a spa, steam room, sauna, and an indoor pool. These elements align with the luxury lifestyle that high-end buyers in Beverly Hills seek.

Beyond the primary structure, the estate is designed to include multiple high-end amenities. The blueprints outline expansive outdoor living spaces, including terraces, an infinity pool, and an entertainment pavilion.

These features enhance the property’s appeal, catering to those who value both privacy and grandeur. Additionally, the plans incorporate a high-tech home automation system, offering control over lighting, security, and climate with the touch of a button. These modern upgrades ensure that the future estate will meet the highest standards of contemporary luxury living.

Panoramic Views and Prime Location

One of the most compelling aspects of this property is its breathtaking views. Once completed, the home would offer sweeping panoramic vistas of Beverly Hills, Los Angeles, and the Pacific Ocean. The lot’s elevated position enhances these views, making them a focal point of the estate’s design.

The planned layout features floor-to-ceiling windows and expansive terraces to maximize the surrounding scenery, ensuring that natural beauty is a constant part of the living experience. Beverly Hills remains one of the most sought-after locations for luxury real estate.

The neighborhood is synonymous with exclusivity, affluence, and high-end living. Celebrities, business moguls, and international buyers frequently invest in properties here, driving up market demand. The location provides easy access to world-class shopping, dining, and entertainment in areas such as Rodeo Drive and West Hollywood.

Additionally, Beverly Hills is known for its security and privacy, making it a prime choice for high-profile homeowners.

Market Potential and Investment Value

Real estate agent Justin Mandile of Sotheby’s International Realty represents the listing. According to Mandile, the property is fully prepped for construction, allowing buyers to move forward with the project immediately.

The necessary groundwork has been completed, saving time and effort in the building process. This advantage makes the property an attractive option for those looking to invest in a luxury home without starting from scratch.

Mandile estimates that completing the project as designed would cost at least $7 million. While this may seem like a significant investment, the potential return is substantial. The estimated market value of the finished estate could range between $60 million and $80 million.

This projection is based on recent luxury home sales in Beverly Hills, where newly built estates command premium prices. For buyers looking to capitalize on the city’s booming real estate market, this property represents a lucrative opportunity.

Luxury real estate in Beverly Hills continues to appreciate due to limited supply and high demand. The opportunity to build a custom home in this prestigious area is rare. Many available homes are either historic estates requiring extensive renovations or newly built homes with designs that may not suit all buyers’ tastes.

This property provides the unique advantage of allowing buyers to shape their dream home according to their preferences while securing a sound investment.

Why This Listing Stands Out

The most unusual aspect of this listing is that it offers only a foundation rather than a completed home. While this may deter some traditional buyers, it presents a rare chance to create a custom estate tailored to individual specifications.

Unlike purchasing an existing home that may require modifications, this property allows for full customization from the ground up. Buyers can either follow the approved plans or work with architects and designers to develop an entirely new vision.

Another factor that makes this property stand out is its history. The lot was initially listed for $22 million in 2021, meaning its value has risen by $10 million in just a few years. This increase underscores the desirability of the location and the overall strength of the luxury real estate market in Beverly Hills.

The scarcity of undeveloped land in the area further enhances its worth, as few opportunities exist for new large-scale construction projects. Potential buyers of this property include real estate investors, developers, and ultra-high-net-worth individuals seeking a bespoke residence.

The opportunity to build a new luxury home in Beverly Hills is increasingly rare due to zoning restrictions and limited available land. This makes this listing particularly attractive for those looking to establish a long-term presence in the area.

The Future of the Property

If the buyer proceeds with the approved plans, construction could be completed within two to three years. Given the foundation’s completion and the existing permits, the process would be significantly faster than starting from an empty lot.

Many luxury homes in Beverly Hills take several years to design, approve, and build, making this property a more convenient option for those looking to expedite their dream home. The final value of the completed home will depend on the quality of finishes and additional customizations.

Buyers who invest in top-tier materials, innovative technology, and unique design elements could see even greater returns. The Beverly Hills luxury market rewards properties that stand out, particularly those that offer a blend of privacy, modern amenities, and breathtaking views.