US real estate firm Douglas Elliman has announced the launch of The Park Bel Air, one of the most valuable pieces of residential real estate ever offered in the United States.
Offered at $150 million, the property pairs a location of unrivalled prominence in the heart of lower Bel Air across approximately 10.6 contiguous acres with majestic city, canyon and ocean views.
The Park Bel Air is being brought to market in conjunction with London-based Daniel Daggers of Knight Frank, Douglas Elliman’s international partner.
Connie Blankenship, an Agent at Douglas Elliman said: “The arrival of The Park Bel Air to the ultra-prime Bel Air real estate market is a truly singular opportunity.
Not only to acquire one of the most prominent pieces of real estate in the world, but to create a legacy compound that is poised to become the most exceptional estate, not only in Los Angeles, but in the United States,”
With its entrance opposite legendary Hotel Bel-Air and extraordinary sense of arrival up a dramatic, tree-lined drive, this remarkable offering includes approved plans and permits allowing up to 180,000 buildable square feet across three estate lots with elevated views across West Los Angeles, the Pacific Ocean, Catalina Island and beyond.
20 years in the making and with final plans and permits secured prior to the adoption of new City of Los Angeles restrictions for large scale development, this last of its kind estate allows for immediate construction commencement of up to three, 60,000 square foot residences.
“No other property provides the opportunity to capture location, views, privacy, scale, security and optionality at the highest end of the Los Angeles residential market like The Park Bel Air,” said Barry Watts, President, DOMVS London.
The Park Bel Air is steeped in history and is an extraordinary legacy purchase in the most private and sought after location in Los Angeles.