Joe Bryant
Perched approximately 200 meters (650 feet) above Beverly Hills, California, is a European-flavored residence that recently hit the market for $87 million. Past its gates, a 700-foot private drive hugs the mountainside as it leads up a steep incline to reveal a dramatic, 7.8-acre estate.
Private drive leading to the main residence at 1420 Davies Dr in Beverly Hills. Joe Bryant
“For a person who likes this style there’s nothing like it, that’s why we feel bullish on the price,” listing agent Aaron Kirman of the Aaron Kirman Group told CNBC.
The palatial main residence reigns over 90210 from an impressive hilltop that delivers 360-degree views.
According to the listing, the eight-bedroom, 14-bath residence unfolds over three floors and 21,800 square feet. The home’s hefty asking price comes to about $3,990 per square foot which is more than double the $1,801 average price per square foot achieved in the neighborhood in the fourth quarter of 2021, according to The Elliman Report. But it’s a relative bargain compared with a record-breaking sale from October, when venture capitalist Marc Andreessen reportedly paid $177 million for an 11,810-square-foot Malibu home, bringing the price per square foot to a staggering $14,987.