"A residential compound in Beverly Hills' tony Beverly Park has reentered the market with a new look as the seller seeks to entice buyers with an 11 percent price cut. The roughly 28,000-square-foot home at 73 Beverly Park Lane headed back on the market last week with an asking price just under $80 million, or $2,807 per square foot. It was Los Angeles County's priciest listing last week, according to the Eklund Weekly Luxury Report Los Angeles."
"The Beverly Park mansion, located in a gated community where business titans and celebrities reside, sits just a few steps from 71 Beverly Park Lane, which Paris Hilton and husband Carter Reum paid $63.1 million for in June. The latest neighborhood listing first went up for sale last May in hopes of nabbing nearly $90 million. It was taken off the market in March. The speculative development is owned by Paradigm Developers' Todd DeMann, according to property and state records."
"Paradigm built the property with Harrison Design and Mike Moser Studio. The developer dreamed up nearly every luxury, including a primary suite running about 5,000 square feet, screening room, two kitchens, home office, outdoor kitchen and fruit tree orchard. Buyers also have the option of snapping up the adjacent parcel, which has approved plans to build an equally expansive mansion of about 29,000 square feet at 74 Beverly Park Lane. Combined properties would span 4.5 acres."
A 28,000-square-foot speculative mansion at 73 Beverly Park Lane returned to the market with an 11 percent price reduction to just under $80 million, priced at $2,807 per square foot. The property was the priciest Los Angeles County listing that week. The home sits within the gated Beverly Park community near 71 Beverly Park Lane, which sold to Paris Hilton and Carter Reum for $63.1 million. The development, owned by Paradigm Developers' Todd DeMann and built with Harrison Design and Mike Moser Studio, includes a roughly 5,000-square-foot primary suite and numerous luxury amenities. An adjacent parcel with approved plans for a 29,000-square-foot mansion is available, and combined parcels would total about 4.5 acres. Compass' David Kramer and Carolwood Estates' Drew Fenton hold the listing.
Read at therealdeal.com
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