The plot of empty land on an LA hilltop that was once listed for $1 billion and has attracted interest from Jeff Bezos is hitting the auction — and that’s after it already got a 35% price cut

A 35% price cut wasn't enough to get The Mountain off the market.

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A 35% price cut wasn’t enough to get The Mountain off the market.
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Matthew Momberger / Juwan Li

  • The Mountain, a 157-acre property at the highest peak in Beverly Hills, is set to be sold at auction on Thursday, August 15, reported The Wall Street Journal.
  • It received a massive $350 million price chop in February, bringing its asking price down from $1 billion to $650 million.
  • The property is big enough to fit the Disneyland and Disney California Adventure theme parks, with 1.5 million square feet of lots ready to be built upon.
  • The buyer is likely to be a billionaire who wants to build their own compound, the listing agent said in a news release.
  • Despite the huge price cut, the property, at $650 million, is still the most expensive listing in LA, The Real Deal reported in February.
  • Visit Business Insider’s homepage for more stories.

Up for sale: a 157-acre mountain at the highest peak in Beverly Hills, towering over Los Angeles. It’s set to be sold at auction on Thursday, August 15, reported Katherine Clarke for The Wall Street Journal.

Originally listed for $1 billion, the property received a whopping $350 million price chop in February, now boasting a significantly diminished – but still significant – $650 million price tag, The Real Deal reported.

Secured Capital Partners currently owns the property – court filings show the company is more than $200 million in debt on the property, Clarke reported.


Located off Benedict Canyon, “The Mountain” overlooks Los Angeles. At 157 acres, the plot is “the size of a small city” that can fit all of Disneyland and still have 72 acres left.

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Google Maps

“The Mountain” has an intriguing history, having passed through many famous and wealthy hands. According to the Los Angeles Times, it was once owned by an Iranian princess, the talk-show host and TV producer Merv Griffin, and a nutrition mogul, all of whom held the land but never built anything on it.

The property has bounced around the market for years, with various potential deals that never went through, Clarke reported. Sources familiar with the deals told her Tom Cruise put down a deposit for the property in the mid-2000s. More recently, Amazon CEO Jeff Bezos looked to invest in the property, but found it overpriced, she reported.


It’s the largest property and the highest point in all of Los Angeles, Ronald Richards of Secured Capital Partners, the current owner, said in a news release. As of February 21, the price of the lot was slashed from $1 billion down to $650 million.

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Matthew Momberger / Juwan Li

Expensive real estate may come as no surprise in the famous 90210 ZIP code. The original $1 billion asking price set the record for Los Angeles’ most expensive listing ever, the Los Angeles Times reported, and no one in the world is publicly known to have paid that much for personal property, according to The New York Times. Even with the price cut, the property is still the most expensive listing in LA.

Source: The Real Deal


The buyer will be able to build up to 1.5 million square feet of buildings across 17 parcels of land, with the nearest neighbor half a mile away. That’s enough room for a “soccer field, amphitheater, helipad, and polo field side by side,” the news release said.

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Matthew Momberger / Juwan Li

“Our likely buyer for this property is an individual who wants to build his or her own compound,” Aaron Kirman of Pacific Union, the listing agent, said in the original news release.

“There are 2,800 billionaires in the world,” Kirman told the Los Angeles Times. “We realized there are 100 of those that could and would want to buy the property.”


They’ll also be able to build up to 53 feet high, which is 12 feet higher than usual in Los Angeles. That’s all the more height to soak in the endless views of Los Angeles, Orange County, Catalina Island, and Santa Monica (when it’s not trapped in smog). The plot is so elevated that no neighboring trees obstruct the preserved view.

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Matthew Momberger / Juwan Li

The Mountain is heavy in security, featuring a private stone aggregate road, a cobblestone drive, and a custom-designed security gate. More than 500 trees and 5,000 plants have been planted on the property already.

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Matthew Momberger / Juwan Li

Millions of dollars have been spent on developing the property, including adding a sculpture court, a landscape lighting design, and a backup generator large enough to provide electricity to 300,000 square feet of buildings if there were a citywide power outage, the news release said.

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Matthew Momberger / Juwan Li