Greg Vernon/Hangar One Productions
On The Market: Bel-Air, California
January 1, 2007
Location: In the heart of old
Bel-Air, across the
st
reet from the
Hotel
Bel-Air.
Photography by Alex Pitt/Walkabout Pictures. (Click images to enlarge); function voidFunc() { } voidFunc();)
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Background: Beginning in the
mid-1990s, Hollywood
producer
Steve Bing
spent
10 years
acquiring nine adjoining
homes—and tearing
them down—with the
plan of building one large private
estate
for himself.
Instead, he decided to
sell the
land to his
builder, who had
intended to
develop and
build six
private estates.
However,
the builder then
decided to
sell the property to
Heritage
Development, the current owners.
Stats: The property includes
12.4 acres of land of
varying
topography. Offered with the sale is a conceptual
plan for a
grand estate that would include a main house, greenhouse,putting
green, tennis court, garden, orchard and
lagoon.
What Sets It Apart: "There has never been a property of this size offered like this, not even when they originally divided Bel-Air into large lots during the 1920s and 1930s," says Realtor Robert Beeney of The Greenwich Group International. "In addition to its size, it’s also remarkable for having a view. Even the hotel doesn’t have a view."
Market Inquiries: The property is offered unpriced. "I’d be surprised if the property went for less than $75 million," says Beeney. The Realtors will start accepting offers at the end of 2006. Robert Beeney, The Greenwich Group International, 415.268.2408. Stephen Shapiro Westside Estate Agency 310.860.8888 www.theparkatstonecanyon.com
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