The 258-acre Bel Air Canyon, a vast parcel of undeveloped land in one of the country's priciest neighborhoods, has come up for sale, listed for a whopping $125M. That makes it the most expensive publicly listed property in Los Angeles County. (Fleur de Lys, a 35,000-square-foot megamansion, had most recently been asking exactly that price tag, but it appears as though it is no longer officially on the market.)
Anyway, located just north of, and across the 405 from, the Getty Center, this giant tract comprises 6 percent of the total land area of Bel Air. At $484K an acre, that might seem like a screaming deal next to the $225M that Conrad Hilton's former 7.47-acre estate is said to be asking, but much of the land in this offering is located down in the canyon. With the ridgelines having been previously developed, that means any new houses—or a trophy house—might not have the views or privacy one might expect at this price range. Nevermind that the steep grade may make achieving planning permission for development a challenge in its own right.
· 0 Bel Air Cyn [Redfin]
· 6-Plus Percent of Bel Air Up For Sale For $125 Million [Curbed LA]
· Conrad Hilton's Long-Time Estate Maybe Asking $225 Million [Curbed LA]