The Going Rate For A Flat Acre In Beverly Hills? $33 Million

In the Flats of Beverly Hills, a two-house compound on about an acre of grounds has hit the market for $33 million. The listing price illustrates not only the skyrocketing prices for luxury real estate but also prime development opportunities in Los Angeles (HILTON & HYLAND).

It’s not every day that a prime piece of Beverly Hills becomes available, making this $33-million estate something of a rarity in today’s market.

Spread across two side-by-side lots in the Flats section, the two-house compound with a tennis court is about as choice as it gets, according to listing agent Jonathan Nash with Beverly Hills-based Hilton & Hyland. “When it comes to property in the Flats of Beverly Hills, it’s very rare to find one with two legal lots that combine for an acre. It’s a unique offering; there are very few properties with this kind of land south of Sunset Boulevard.”

aerial view of bedford drive estate in beverly hills with tennis court and two houses

Beverly Hills properties with two adjoining lots totaling an acre are rare in today’s market, says listing agent Jonathan Nash (HILTON & HYLAND).

It’s not just land alone that makes this a world-class compound. The property comes with two luxury homes that combine to offer 11 bedrooms, 14 bathrooms and more than 13,000 square feet of sophisticated living space. The main residence, designed in Mediterranean style, includes a soaring skylight-topped entry, grand living spaces, and an office/study. The guest house, modeled after the main residence, displays a designer touch with elegant contemporary finishes—a characteristic shared by the pool house on the property.

skylight-topped two-story entry inside a beverly hills mansion at 812 North Bedford Road

Scaled to perfection, the main house at 812 North Bedford Road opens to a skylight-topped entry (HILTON & HYLAND).

Outdoor amenities also run the gamut. In addition to manicured grounds, the estate features a resort-style swimming pool with a cascading waterfall and a pool-side misting system. An outdoor kitchen sits near the pool and is paired with a dining pavilion. Then there’s the floodlight-lit tennis court, which is a highly coveted feature among specific buyers. “Particularly in Beverly Hills, where the laws have changed in terms of what you can build, a tennis court like this is very rare—and it’s something buyers will pay a premium for,” Nash notes.

sitting area inside a beverly hills mansion on bedford road

The main house and guest house combine to offer 11 bedrooms and 14 bathrooms (HILTON & HYLAND).

Nash, who tallied more than $1 billion in total sales during his career, speaks to the urgency he’s seeing in today’s luxury marketplace. “There’s still incredible demand for great homes. Many Los Angeles residents are looking to upsize or grow their estates, and we still see a lot of migration from San Francisco, New York and other domestic hubs,” he says.

outdoor swimming pool and spa at a luxury home in beverly hills

The waterfall-fed swimming pool features a raised spa and is surrounded by lush landscaping (HILTON & HYLAND).

Once international travel restrictions are further loosened, Nash believes Los Angeles’ luxury market will only continue to grow. “This is a lifestyle that is hard to replicate. Los Angeles has become the center for entertainment and commerce, and I think we’ll see that reflected in the market for years to come.”

outdoor dining pavilion with a tennis court view at a beverly hills luxury mansion

An outdoor kitchen and dining kitchen take in a view of the floodlight-lit tennis court (HILTON & HYLAND).

Recent sales support Nash’s outlook. So far in 2021, there have been seven sales north of $40 million, including a high of $61.5 million set in May when late business magnate Barron Hilton’s estate traded hands. Other notable sales include Eli Broad’s artful residence in Malibu, which caught a buyer at $51.65 million, and the sale of Shane Smith’s Pacific Palisades retreat for a neighborhood-record $48.67 million, according to The Los Angeles Times

tennis court and two house compound at 812 and 814 n bedford road in beverly hills

Certain luxury homebuyers covet tennis courts, according to Nash (HILTON & HYLAND).

luxury pool house and swimming pool on bedford road in beverly hills

The designer-done pool house adds another refined layer to the manicured property (HILTON & HYLAND).

luxury home with swimming pool and pool house at 812 N Bedford in beverly hills california

Beautiful landscaping and brilliant tilework enhance the property (HILTON & HYLAND).

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Neal is the Chief Content Officer at Forbes Global Properties. A content strategist with more than a decade of experience in the sports, entertainment and real estate spaces he previously launched a sports real estate column and chronicled L.A.’s biggest home sales for the Los Angeles Times' award-winning “Hot Property” section.