Jeff Bezos’ deal to buy Paul Allen’s former Beverly Hills property has reportedly fallen through. Take a look at the late Microsoft cofounder’s $110 million ‘Enchanted Hill.’

The hilltop property has prime views of downtown Los Angeles.

caption
The hilltop property has prime views of downtown Los Angeles.
source
Hilton & Hyland

Jeff Bezos’ plans to buy a massive plot of land in Beverly Hills belonging to late Microsoft cofounder Paul Allen has reportedly fallen through.

The Wall Street Journal reported in February that Bezos had paid $90 million for the undeveloped land, on top of the reported $165 million he paid to buy the Warner estate, the sprawling compound formerly owned by entertainment mogul David Geffen.

But according to a report from the Los Angeles Times’ Neal J. Leitereg, Bezos has since pulled out of his deal to buy Allen’s property, which is called Enchanted Hill for its seclusion and sweeping views of Los Angeles.

The development site, which spans five empty lots, is largely empty. Allen reportedly planned on turning it into a personal private compound, but only ended up adding utilities, a one-mile private road, and two entrances to the property during the more than 20 years he owned it.

The land was listed for $150 million in October 2018 following Allen’s death after a battle with cancer and is currently listed for $110 million. The property is listed with Jeff Hyland, Rick Hilton, Jesse Lally, and Zach Goldsmith of Hilton & Hyland.

Take a look at the 120-acre Los Angeles property.


Allen, who cofounded Microsoft in 1975 with Bill Gates, bought Enchanted Hill for $20 million back in 1997 and demolished a home that had been built there.

source
Steve Dykes / Getty Images

He once had plans to turn it into a personal private compound, according to the LA Times.


Beverly Hills, where the land sits, is one of the most affluent parts of Los Angeles.

source
Visions of America LLC / Getty Images

In the 90210 zip code, the current median listing price for a home is $6.75 million.

Foreign billionaires and celebrities including Jennifer Aniston, Brad Pitt, Cher, and Ellen DeGeneres have been known to call Beverly Hills home.


Enchanted Hill comprises five separate parcels, which offers many possibilities for development, according to the listing.

source
Simon Berlin

The road winds past four of the parcels before arriving at the four-acre main estate site.

According to the listing, the land has space for a private compound as well as multiple guest houses and facilities such as a sports arena, a spa and wellness center, an entertainment complex, equestrian facilities, or a winery.


Enchanted Hill’s lofty position offers prime views of downtown Los Angeles.

The hilltop property has prime views of downtown Los Angeles.

source
Simon Berlin

It’s about an hour’s drive from downtown Los Angeles.

In the 1920s, Enchanted Hill belonged to renowned screenwriter Frances Marion and her husband, silent screen star actor Fred Thomson, according to Variety. It got its name from actress Greta Garbo, who was their neighbor at the time, according to the LA Times.


Allen’s plans to build a compound never materialized, but he did add utilities, a one-mile private street, and two gated entrances to the property while he owned it.

source
Simon Berlin

The property is one of the largest sites that remains undeveloped in the Beverly Crest neighborhood of Beverly Hills.


After Allen’s death in October 2018 from non-Hodgkin’s lymphoma, the property was put on the market. It was originally listed for $150 million, according to the LA Times.

source
Simon Berlin

Source: Los Angeles Times


The property is among several of Allen’s sizable former assets that were put up for sale by the late billionaire’s estate since his death.

source
Simon Berlin

A MiG-29 fighter jet that belonged to Allen was put up for sale in August 2019, and his 414-foot superyacht, Octopus, was listed for more than $300 million last September.


In February, the Wall Street Journal reported that Amazon CEO Jeff Bezos was buying the plot of land for $90 million.

source
Alex Wong/Getty Images

Source: The Wall Street Journal


The purchase was on top of the $165 million Bezos reportedly spent on the sprawling Warner estate, breaking the record for the most expensive home sale in California state history.

caption
The Warner estate.
source
Los Angeles County/Pictometry

Source: Business Insider


The Warner estate is just down the road from Enchanted Hill — the two properties are less than two miles apart, according to Google Maps.

source
Google Maps

But Bezos has now reportedly pulled out of the deal to buy Enchanted Hill, according to the LA Times. The listing is still up, with the current sale price listed at $110 million.

source
Simon Berlin

Source: Los Angeles Times, Zillow