Beverly Hills luxury real estate | Erik Brown
Beverly Hills luxury real estate | Erik Brown
BEVERLY PARK REAL ESTATE
The highly exclusive gated community of Haim Saban house Beverly Park real estate is located North of Beverly Hills Luxury Homes, allowing for exceptional scenic views from these stunning estates.
Home – Listing – Beverly Park
Homes for Sale in Beverly Park
BEVERLY PARK
Beverly Park is a gated community in Los Angeles, California that has become known for its large houses and famous residents. The development sits east of the Beverly Glen neighborhood on Coldwater Canyon Drive between Mulholland Drive to Sunset Boulevard with two parks: North Beverly Park (NBP) & South Beverely Plantation Clubhouse(SBBPC).
The communities have Beverly Hills Post Office address (90210 ZIP Code), however, it is located in Los Angeles. North Beverly Park, with the main entrance at 13100 Mulholland Drive, is the larger 64-home section of Beverly Park. South Beverly Park has 16 houses and property covenants demand that dwellings in this community be at least 5000 square feet.
HISTORY
The area was changed into a golf course and country club called “Dean Martin” as early as the 1960s. [8] In 1979, Elliot Gottfurcht and Brian Adler, together with private investors, developed South Beverly Park as “an elegant community of grand manors that would seem to belong to Beverly Hills of yesteryear.”
The project was completed in 1990 when Adler set out to create a guard-gated community. In doing so he differentiates this Westside neighborhood from others on the Beverly Hills – Holmby hills-Bel Air border by using gates as part of the design plan; instead only allows access for residents who live within his development’s borders and keep it exclusive.
Beverly Park was originally the site of 64 two-acre (0.8 ha) lots, a 4 acre landscaped park, and over 100 acres of open space; but as development crept in around them both communities have been subdivided into smaller lots that are still just as affluent to live on. North Beverly’s homes generally command much higher prices than those living south where land sizes tend towards more modest dwellings at lower costs – this doesn’t mean however that there isn’t plenty for everyone!
NEIGHBORHOOD
Beverly Park is one of the most exclusive and expensive gated communities in Los Angeles. It is located right next to Beverly Hills with approximately 9 square miles of land, with high-end houses built on top of it. Spanning most of its borders are Pico Boulevard, Beverly Glen Drive, and Olympic Blvd. One major part north of Sunset Boulevard features a golf course. Many of the most expensive homes in Los Angeles are located here, including many celebrities.
Beverly Park is known for its exclusivity. Only certain people can get in, either by owning property or living in one of these homes; it’s not like anyone could just wander in and start knocking on doors. That’s why the Beverly Park Homeowners Association decided to put a security gate at the entrance, so it would be harder for outsiders to come in. The guard who checks who is coming in and out of this private community is known as the “gatekeeper,” because he controls access to this exclusive neighborhood.
The Beverly Park Homeowner’s Association is a group of people who provide community programs and services for those who live in Beverly Park. The Association keeps the community running smoothly by dealing with issues that arise. In order to become a member, you must purchase property within the walls of Beverly Park. The Association serves as a way for those who own property there to communicate about any issues they might have with their homes. Membership is not required to live in Beverly Park.
LIFESTYLE AND PEOPLE
Beverly Park is a small unincorporated area in the Greater Los Angeles Area that has an affluent and celebrity base. The people living here could be called “high-profile”.
Beverly Park House values are high because the land itself value is high. The land surrounding Beverly Park House is worth more than the houses themselves.
Money has no value in this area because all residents are multi-millionaires. The types of people that live here would be celebrities and business owners, venture capitalists, lawyers, doctors, etc… The type of family structures living there consists of married couples with children, single mothers with children, single fathers with children, etc…
The lifestyles of residents are extravagant. Many have housekeepers and personal chefs at their disposal to maintain their appearances. The average family income for this area is around $200,000-$300,000 per year. Compared to the rest of California’s average household income that is relatively high. For example in West Hollywood, the average household income is a mere $40,000 per year.
The price to live in Beverly Park starts at around $1.5 million and goes up from there. There are homes more expensive than the ones pictured on websites.
For example, Bruce Willis’s home was listed for $23 million in 2012.
Property values have more than doubled since then with an average of 7% appreciation rate per year. The main reason is that very few homes are up for sale. There has been a steady population growth of 8% in the last three years.
Overall Beverly Park is a quiet, wealthy neighborhood with residents who come from all walks of life.
-Retired movie stars and celebrities
-Business professionals with high net worth’s
-Athletes who play professional sports overseas or in the minors. (Many of them end up retiring and moving to Beverly Park)
-Entertainment industry professionals: photographers, directors, producers, screenwriters, etc.
-CEO of major corporations and companies.
The schools near Beverly Park are very good. Many people in Beverly Park do not send their children to public schools because they think the education in private schools is better than in public schools.
Here is the list of schools that are often parents sent their children to:
1- Beverly Hills High School (usually abbreviated as Beverly or as BHHS) is the only major public high school in Beverly Hills, California. It is only a 14-minute drive away from Beverly Park.
2- Horace Mann School, students at this school are making more academic progress from one grade to the next compared to students at other schools in the state. 16-minute drive to Beverly Park
3- Hawthorne Elementary School has a high rating. It serves 609 students in grades K-5 with a student-teacher ratio of 15 to 1. According to state test scores, 63% of pupils are math proficient and 74% are reading competently. 11-minute drive to Beverly Park.
4- Good Shepherd Catholic School is a private, Catholic school located in Beverly Hills, California. It has 197 students in grades PK, K-8 with a student-teacher ratio of 17 to 1. 13-minute away from Beverly Park.
5- Beverly Vista Middle School is a highly rated, public school located in Beverly Hills, California. It has 962 students in grades 6-8 with a student-teacher ratio of 18 to 1. According to state test scores, 67% of students are at least proficient in math and 75% in reading. 14-16 minute drive to Beverly Park
RESTAURANTS
While Beverly Park is far from being a major metropolis, there are several different restaurants near the area to enjoy everything from fine dining at an upscale restaurant to fast food at one of the many drive-thrus surrounding the town. Each has its own unique features, from its culinary options to its atmosphere, but each is a great place to visit.
South Beverly Grill
Sirloin, Wagyu rib eye, USDA Prime steaks, handcrafted sushi, and a wonderful selection of premium sandwiches and entrée salads bring a contemporary spin to classic American cuisine. The area is sleek and comfortable, with Scandinavian furniture adding elegance to the mix.
Polo Lounge
Set in a trendy hotel, this art deco eatery offers refined Californian cuisine and Sunday jazz brunch.
The Belvedere
It is a California-style brasserie, and like any good meal should be the perfect blend of Parisian charm with eternal sunshine.
The Farm of Beverly Hills
Since 1997, the Farm of Beverly Hills has earned a reputation for innovative American cuisine and unparalleled customer service. We are one block from Rodeo Drive in an iconic spot near many other well-known landmarks such as The Canon film studio complex or CBS Television City. Come by any time during your day to get breakfast at our restaurant on North Beverly Drive!
HOMES FOR SALE IN BEVERLY PARK
Homes in Beverly Park is in high demand due to the private airstrip. The community is exclusive with homes starting at $1 million for a three-bedroom home to over $10 million for larger estates.
The Beverly Park home community is located about 15 miles west of downtown Los Angeles and can be accessed via the Santa Monica freeway (I-10) or the 405 freeway.
The Beverly Park airport is used by industry leaders in entertainment, business, and sports including David Beckham, Tom Cruise, Oprah Winfrey, and Kobe Bryant to name a few. Celebrities often fly into the airport for their homes to avoid LAX hassles.
However, this luxury comes at a price as well as some celebrities such as Jennifer Garner and Ben Affleck have been known to live in the community as well as those who make their living on the screen.
The Beverly Park homes are considered a small neighborhood among Los Angeles real estate which is located in the hills of the West Side with views overlooking both Hollywood and Downtown LA. Homes in Beverly Park California vary greatly in size, price, and design but all come with unique features. The sizes range from four bedrooms to over ten while prices vary between $1.5 and $20 million.
The homes in Beverly Park California are tucked among the hills, many of them facing serene nature scenes instead of views of busy streets. This is because the homes were built with privacy in mind and therefore have somewhat limited access to other people including emergency services which can take a long time to arrive if needed.
The homes in Beverly Park California are all extremely well designed and architecturally stunning. They vary greatly between modern, Spanish style, Victorian architecture, etc. but it is said that this variety plays no small part in adding to the prestige of the area.
These mansions are havens for movie stars and celebrities who need somewhere secluded to rest their heads. They are all lavishly furnished and many contain swimming pools, tennis courts, or home theaters. Some may even have their own zip code which makes these mansions more discreet for the residents who do not wish to be found.
These homes will often include climate control systems including heating and air conditioning as well as fire alarm systems with their own power. Other features included in these homes are a home alarm system and sprinkler systems.
Although most homes seem to be very spacious, they do not come cheap; you will need to make sure you have at least $3-5 million dollars if you plan on moving into one of these amazing mansions.
With all their features, it is obvious to see why so many celebrities choose Beverly Park as the home of their choice. The privacy and safety these homes provide are definitely desirable if you are used to paparazzi chasing your every move. These homes will usually be located on plots of one acre or more, giving owners the feeling that they are far away from everyone. Many celebrities choose homes in Beverly Park for this very reason; its proximity to the city, yet seclusion when needed.
Home prices start at $3 million dollars and go up from there, depending on the size of the home, quality of appliances used during construction, etc. The beauty of these homes is that they are built to last, and the materials used to make them beautiful inside and out.
REAL ESTATE INSIGHTS IN BEVERLY PARK
Beverly Park is a gated community in Los Angeles, California that has become known for its large houses and famous residents. The development sits east of the Beverly Glen neighborhood on Coldwater Canyon Drive between Mulholland Drive to Sunset Boulevard with two parks: North Beverly Park (NBP) & South Beverely Plantation Clubhouse(SBBPC).
The communities have Beverly Hills Post Office address (90210 ZIP Code), however, it is located in Los Angeles. North Beverly Park, with the main entrance at 13100 Mulholland Drive, is the larger 64-home section of Beverly Park. South Beverly Park has 16 houses and property covenants demand that dwellings in this community be at least 5000 square feet.
In Beverly Park, the property values are some of the highest of any community in Los Angeles County. In fact, a two-bedroom condominium here costs an average of more than three million dollars! That’s because it is a very exclusive neighborhood – less than five percent of residents in the area are not white. For this reason, many neighborhoods that surround Beverly Park are considered to be some of the poorest in Los Angeles County.
Because it is such a pricey neighborhood, Beverly Park has become an unfortunate location for several home invasions over the past few years. Several members of the Association have fallen victim to break-ins and burglaries and some had their homes ransacked while they were out on vacation.
Some of the most popular homes in Beverly Park, like this four-bedroom home at 1058 Ridgeway Place, have several upgrades including a pool and an outdoor cooking area. This house has been on the market for over one hundred days, according to realtor David Horowitz of Re/Max Estate Properties.
“It’s a good opportunity to buy a home at a reduced price right now, especially because there are more homes on the market than usual,” he said. “The homeowners have had their home on the market for over 100 days now and they’ve put it up for $4.19 million.”
Horowitz said that homes in Beverly Park have been selling so slowly because it’s a unique market. The luxury community only has about five homes come up for sale at one time, which is very different from larger communities like Beverly Hills and Bel-Air where multiple homes are listed every day.
“All the inventory of luxury condos in L.A. County is currently over a million dollars,” he said. “There’s very little available, and it’s all-new construction.”
Houses in Beverly Park have been selling at about half of what they were going for before the recession, according to Horowitz. That makes sense since there are so few homes on the market right now that whoever wants to buy in Beverly Park will have to pay a premium.
On the other hand, condominiums are selling at about the same price that they did before the recession, he said.
“The consumer is buying at today’s prices,” Horowitz said. “It seems like there are people coming out of the woodwork waiting to get back into the market. “
Property taxes are always a huge concern for home buyers. That’s why before you move or renovate anything in Beverly Park, you should know exactly how much monthly property taxes are for your future home. The amount of taxes will vary based on the size of your house, where it is located, and what type of improvements have been made to the exterior. For example, if your house is in need of some serious exterior renovations, be prepared to pay more taxes. However, if you do plan on doing some major exterior changes or renovations, make sure that it’s feasible with the current property tax system before you move forward.
The long-term appreciation of a home in Beverly Park California is often determined by the quality and styling of the neighborhood it’s located in, not just on local real estate trends. Buying a home in an area where homes have been appreciating for years is very different from buying a run-down house in a neighborhood with no history of appreciation.
For example, the best predictor of how much house you can sell your Beverly Park California home for is comparable sales within surrounding neighborhoods. If most homes in your neighborhood are selling for $500,000 each, it will be difficult to sell yours for $1 million. On the other hand, if most houses around you are selling for $300,000, your home will be more attractive to buyers and you’ll have a better chance of selling for closer to your asking price.
Now that we’ve talked about the two sides of this coin, let’s look at some local Beverly Park real estate trends in greater detail.
If you are interested, I’m here to help you find the perfect home for your needs in Beverly Park! I know this is a place that will make my heart soar, and if it sounds like something of interest or maybe even an opportunity then please feel free to contact me at any time. With our combined efforts together let’s get Brentwood homes on sale so more people can have access to these amazing neighborhoods–and dreams come true.
