A look inside the $ 65 million Beverly Hills mansion

A look inside the $ 65 million Beverly Hills mansion

The mansion located at 1108 Wallace Ridge in Beverly Hills, California measures 18,000 square feet and is split over two levels.

angeles brand

It took six years for this $ 65 million mega-house to be erected on a ridge in Los Angeles.

In 2014, an old mansion stood on half an acre at 1108 Wallace Ridge. It was in the market with an asking price of $ 18 million. Like many potential buyers who have viewed the Beverly Hills listing, developer Michael Chen liked the site, but saw no value in the 6,300 square foot home on the property.

“It was a tear,” Chen said.

Nevertheless, the promoter and his investors were attracted to it. The property sits in the exclusive Trousdale Estates section of zip code 90210 – an area in which the chain was betting would see a dramatic increase in its value. Chen and his partner pulled the trigger and bought the property for $ 15 million. He paid about $ 2,400 per square foot for the four-bedroom house he planned to bulldoze.

The floor-to-ceiling windows of the Great Room disappear into the wall to reveal a “foreground view” of the Century City residence.

angeles brand

“The main decision I made to purchase this lot was that it was a front row view property with one of the only daylight basements in Trousdale,” Chen said. .

The relaxation and swimming pool area is located on the sunny lower level of the residence.

angeles brand

The opportunity to rebuild with a sunny basement was significant, Chen said, because in this part of Beverly Hills, the height of the house is strictly limited to 14 feet.

While he couldn’t build above the height limit, he said, it was clear he could build below ground level. And since the site sits on a high ridge facing Century City, the basement can have a wall of windows and an impressive view of the skyline. In other words, the new basement will not look like a basement at all.

The swimming pool is located on the lower level of the house, which is partly underground.

angeles brand

Building a very large lower level can add square footage – and millions of dollars in value – to a new residence.

The redesign was aimed at the views, square footage and curb appeal of the new home.

A stone walkway extends into the body of water and leads to the entrance of the house.

Joe bryante

After hundreds of millions of dollars, the new residence measures 18,000 square feet, almost three times the size of the original house. Its ultra-luxurious modern design is a symphony of glass, stone and vertical shutters with seven bedrooms and 14 bathrooms.

The owner’s suite includes an outdoor terrace and a hot tub.

angeles brand

Chen first built the house for his investor and himself to use as a vacation property for a few years and eventually sold it at the appropriate time.

The owner’s suite bathroom is draped in white marble to match a book with an oval tub.

angeles brand

“If we were building as we imagined, we wouldn’t have spent as much money as we did,” Chen said.

The developer wouldn’t say how much it cost to build, but he says it comes in “tens of millions”.

The main kitchen of the house features a 16 foot island draped in leather marble.

angeles brand

At the end of homes in the second quarter of this year, sales of luxury homes – a category that starts at $ 8.8 million – averaged $ 2,078 per square foot in Los Angeles. According to the Alliman report, during the three-month period, 112 luxury home sales increased 138% from the second quarter of 2020. There were an average of 89 days in the real estate market.

A view of the infinity pool and lower level entertainment area.

angeles brand

A view of the great hall.

Douglas friedman

Take a look at one of the more expensive new homes for sale in Beverly Hills.

A spiral staircase ascends from the lower level.

Douglas friedman

A spiral staircase covered with Venetian plaster and marble stairs leads to the lower level.

There is a 150 year old olive tree in the interior courtyard of the house.

Douglas friedman

In the center of the lower level is a 150-year-old olive tree imported from Tuscany. Chen said installing the tree required a 110-ton crane and a crew of 15.

Overflowing swimming pool

angeles brand

The infinity pool on this level features a lap pool and a view of Century City.

Home Wellness Center offers many ways to relax.

angeles brand

The on-site wellness center includes a glass-walled hammam, sauna and massage table.

A view of the bar on the lower level of the house.

Douglas friedman

The recreation area on the lower level has a stone bar.

The dining room of the house offers a magnificent view.

Douglas friedman

The dining room sits atop a marble bridge over a waterfall and overlooks the olive tree that grows in the courtyard.

One of the two identical bathrooms in the accommodation.

angeles brand

Two of the 14 bathrooms are identical wet rooms covered in Venetian plaster and a designer sink that seems to open up from the wall.

Huge cinema room.

Douglas friedman

The home’s 4K Ultra HD projection room can accommodate 24 people.

The wine cellar and tasting room include storage for over 2,000 bottles.

The butler’s kitchen features a 16-burner Viking stove.

The butler’s kitchen has four ovens, three sinks, a hob with 18 burners, and a separate entrance for employees.

.

LEAVE A REPLY

Please enter your comment!
Please enter your name here