The Park Bel Air is rarified air. Listed at $150 million, it better be. Perched high upon 10.6 contiguous acres, the cliffside property offers exceptional city, canyon and ocean vistas as well as separate shovel-ready parcels backed by pre-approved plans and grandfathered permits for 180,000 square feet of buildable land across three lots—for about $14.2 million per acre. Talk about a breath of fresh Bel Air.
Located across from the iconic Hotel Bel Air, this is some of the United States’ most valuable residential real estate, developed by DOMVS London and Junius Real Estate Partners, a real estate investment division of J.P. Morgan Private Bank. The exclusive property comes to market courtesy of Douglas Elliman agents Connie Blankenship in Los Angeles and Noble Black in New York (who will serve as marketing consultant)—in tandem with London-based Daniel Daggers of Knight Frank (Douglas Elliman’s international partner).
Two decades in the making, the property precedes recent city restrictions on large-scale development, allowing for immediate construction of up to three 60,000-square-foot structures. The Park Bel Air features a dramatic tree-lined drive entrance in the heart of lower Bel Air, with elevated panoramas of the Pacific Ocean, Catalina Island and West Los Angeles. It’s up to the owner and architect as to where to place the inevitable infinity-edge pool and viewing decks.
Prime location and enviable views are crowned by privacy, security and flexibility at the highest end of the Bel Air real estate market. Ultimately, the buyer(s) can break ground immediately on fully-designed, approved estate residences; build a customized compound or a scaled down alternative; or preserve land portions for future generations, in-laws, etc.
“The arrival of The Park Bel Air to the ultra-prime Bel Air real estate market is a truly singular opportunity to acquire one of the most prominent pieces of real estate in the world [and] create a legacy compound that is poised to become the most exceptional estates, not only in Los Angeles, but in the United States,” says Blankenship.”
Bel Air is a tony hamlet of successful business titans, A-list celebrities and extraordinary mansions, including 908 Bel Air Road ($180 million) and 924 Bel Air Road ($250 million), both of which previously listed as the USA’s most expensive home, according to their slick, popular YouTube videos. Add The Park Bel Air to the list.
According to The Los Angeles Times, Bel Air was originally imagined as a “community of gentleman estates,” by oil tycoon and real estate developer Alphonzo Edward Bell. Distorted origins aside, the neighborhood that once forbade home sales to celebrities has gone all-in Hollywood, eventually welcoming Elizabeth Taylor, Judy Garland, Alfred Hitchcock, Jay-Z and Beyoncé, and Jennifer Aniston as residents—not even counting that sassy Fresh Prince.
“From titans of media and finance to foreign heads of state, no neighborhood is more synonymous with luxurious seclusion than Bel Air,”says Noble Black. “We are thrilled to present an extraordinary opportunity for the most discerning of buyers to obtain what is truly the premier estate in the most coveted and exclusive location in the world.”