So as we all know Beverly Hills is home to some of the most expensive pieces of property around, that’s why it’s easy to imagine that 157 acres of land on the highest elevation of the 90210 area will likely come with an eye-watering price tag. In fact the piece of property is so expensive that it has been crowned the most expensive in the whole of America, coming in at $1 billion. Although having said that, this could easily be a justified purchase for those who have the money as given the size and location, the potential to create what could go on to be some of the most expensive houses in America could offer some serious pay back.
However, to outline just how expensive this land is, the cost per acre of the property comes in at $6,369,427, that’s 163x the price of the average acre in California, and given the fact that according to Market Watch 2017 California has the highest average cost per acre in the whole of America, you can see just how ludicrously sought-after this land is. The broker of the property, Aaron Kirman, had this to say to CNBC regarding the property: “This is the only opportunity to own your own mountain that looks down at all of Los Angeles,” adding: “Our likely buyer is an individual who wants to build his or her own compound.”
