Find out what itβs like to buy real estate in Beverly Hills and live there!
Have you ever dreamed of buying a house in a posh neighborhood where all the influential people live? If you’re looking to buy a house and want to fulfill that dream, we recommend choosing Beverly Hills as your new neighborhood. Real estate in Beverly Hills is not cheap. Home prices touch the sky in some cases. General living expenses are also much higher than in the surrounding areas and the other neighborhoods in Los Angeles.
The purpose of this blog is to help you make a more informed decision when you decide to buy real estate in Beverly Hills. Also, if youβre selling your Beverly Hills property, you must know what buyers are looking for and what to advertise about the area so that you get the best deal. Read this blog first to find out the reasons why Los Angeles County is the best place to live in. Then read about what it is like to live in Beverly Hills.
Reasons You Should Move to Los Angeles County
Situated right next to the huge metroplex of Los Angeles, Beverly Hills is part of the same county. Los Angeles County is famous for having the poshest residential neighborhoods in North America. Besides this, there are numerous other reasons too that make Los Angeles county famous. If you still havenβt decided where you should make your next move, it should definitely be somewhere in this county. Here are the reasons:
- Los Angeles is the land of opportunities, especially for those in the entertainment industry. As this city is famous as the hub of the US Entertainment Industry, people can achieve their dreams of becoming famous superstars. With Hollywood right at the center of this county, many celebrities prefer to live here too. Imagine living so close to where all your favorite stars have shot your favorite scenes!
- The geography of Los Angeles county makes it unique. It is surrounded by the ocean, mountains, forest, and desert. So, this rare combination of four topographies makes many people want to live here. The deep blue Pacific ocean is visible from many parts of this county. The places where the majestic Santa Monica mountains meet the ocean are a rare sight and have unmatched natural beauty.
- Areas towards the East coast of the country are known for their poor and harsh climate. The winters are brutal and make it difficult for the residents to carry out normal daily activities. Unlike the eastern states, almost the whole of the West Coast, including Los Angeles County, is known for its warm temperatures and sunny days throughout the year.
What is it Like to Live in Beverly Hills?
In this section, we will give a detailed overview of the real estate in Beverly Hills and what it is like to live there. This will be for the benefit of both buyers and sellers of real estate. Sellers can take advantage of this information to advertise their properties in a better way. Precisely, this section will talk about Beverly Hills’ average house prices, general living costs, luxurious modern homes in Beverly Hills, accessibility of the neighborhood, and finally, dining, shopping, and entertainment opportunities in the area. So, letβs get started.
Home Prices
Beverly Hills real estate sells for millions of dollars and is owned by some of the wealthiest people in the country. According to Zillow.com, the typical home price in Beverly Hills is around $3.8 million and has increased approximately 3.9% in the last year. However, there is a huge variation in this price according to the exact location within the neighborhood, size of the property, number of extra features in the home, and many other factors. Beverly Hills’ new homes for sale comprise medium-sized homes, large estates, mansions, apartments, condominiums, and townhouses. The most expensive house in Beverly Hills is the Playboy mansion which is valued at $200 million!
Together with Bel Air and Holmby Hills, Beverly Hills forms the Platinum Triangle and has the most expensive real estate in Los Angeles county. According to payscale.com, the housing prices in Beverly Hills are 533% higher than the national average. When buying real estate here, you really need to be careful that you get the best deal. Many fraudulent realtors will try to rip you off because they know you have a lot of money.
Luxury
Beverly Hills Luxury Real Estate is famous all across the globe. It comes in all shapes, sizes, and stylings, such as Tuscan Villas, Spanish Colonial Homes, Rural European, and traditional, modern homes. Homes in Beverly Hills have amenities and luxuries that the average person can only dream about. These homes are owned by some of the wealthiest people in the country and include business tycoons, celebrities, and famous politicians. Typical luxury mansions include numerous bedrooms, swimming pools, game rooms, gyms, massive driveways, fountains, and high-tech security systems. Some large estates have vast lawns and terraced gardens if the topography allows it.
The luxury part of Beverly Hills makes many celebrities desire to call it home. If you move to Beverly Hills, donβt be surprised if you have celebrity neighbors or if you see someone famous walking down the street! Enjoy the luxurious lifestyle in Beverly Hills among famous and influential people.
Living Costs
You might think that even if you don’t have a lot of money, you can look for a medium-sized home in Beverly Hills. You may be able to find the right size, but the fact is that you wonβt be able to afford to live there. Not only are the real estate prices expensive in this neighborhood, but also the general living costs. The prices of utilities and groceries are 8% and 15% higher than the average prices, respectively. You need a minimum annual income of $150,000 to live in Beverly Hills without constant financial pressure.
So, unless you earn at least twice as much annually as the nationwide average income, you wonβt be able to afford the cost of living in Beverly Hills. The cost is 151% greater than the nationβs average. However, when youβre living a luxurious life in Beverly Hills, youβll forget all of the financial pain you have because every penny you spend will be truly worth it.
Accessibility
A major part of luxurious living is also high accessibility. Beverly Hills is located right outside the busy city of Los Angeles. So, along with the peace and quiet that comes with living in the suburbs, residents of Beverly Hills also have access to anything they want in Los Angeles at any time. Although there are many great places to shop and dine in Beverly Hills, as we will see in the later sections, you might want something to eat or buy thatβs available only in the big city. No worries there as downtown is under 20 minutes away by car. There are also numerous public transport options available for traveling to downtown and within Beverly Hills. You can rent bicycles easily and find shuttle services for the elderly.
Moreover, Santa Monica beach, Hollywood, and Los Angeles International Airport (LAX) are also less than 20 minutes away. You’ll be in close proximity to all the world-class features of Los Angeles that make it famous.
Sections of the Neighborhood
In the Beverly Hills neighborhood, there are a few different sections to choose from. Each one has its own unique features, and you might want to choose your real estate accordingly when buying. The sections include Beverly Hills Flats, Beverly Hills Gateway, and Trousdale Estates. As the name suggests, The Flats are located on level ground that facilitates easy construction of luxury homes. There are many parks in this part of the neighborhood where you can see the residents following daily morning exercise routines.
Beverly Hills Gateway is located where the famous Sunset Boulevard starts twisting and turning in the foothills of the Santa Monica mountains. If you go further deep into the foothills, you can find Trousdale Estates. This part of the neighborhood is famous for its rich vegetation and spectacular views of the Los Angeles downtown.
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Dining
Beverly Hills is also a world-class culinary destination. Almost all the major restaurants and cafes in the neighborhood have celebrity chefs who are experts in their jobs. No matter what your taste buds need, Beverly Hills has got it. From casual outings to fine dinner dates, this area wonβt disappoint you. Due to the favorable climate in this area, outdoor dining is prevalent, and many restaurants make use of adjacent parking lots and sidewalks to seat their customers.
If you have a sweet tooth, you must visit Sprinkles Ice Cream, Chaumont Bakery & CafΓ©, Edelweiss Chocolates, and LadurΓ©e. On the other hand, the most popular fine dining options in Beverly Hills are La Dolce Vita, Spago Beverly Hills, CUT, and Fogo de Chao Brazilian Steakhouse.
Shopping
If something beats dining in Beverly Hills, itβs an unforgettable shopping experience. Consider buying real estate in Beverly Hills if you are a fan of luxury shopping and can afford it. There are numerous high-end retail outlets and boutiques located all along the famous Rodeo Drive. This two-mile-long street is the center of attraction for both tourists and residents.
You can find anything you need in Beverly Hills. From luxurious apparel for yourself and your children to the finest quality hand-picked wine, itβs all there. If youβre in love with shopping, we recommend that you keep a lot of time free for it if you live in Beverly Hills. You’ll find way too many options, and you’ll have too little time!
Entertainment
Some people might say that celebrities want peace and quiet. However, they also need a great deal of entertainment in their lives. Hence, a place like Beverly Hills is home to countless cinemas, rooftop theatres, clubs, and pubs. The neighborhood is also famous for its exotic nightlife and adult entertainment areas. Whether you want to have a casual beer with a few friends or host a party for all your acquaintances, the sizes of the homes in Beverly Hills will allow almost anything. If you donβt want to visit the public theatres, most homes have private areas for entertainment. If you live in Beverly Hills, you wonβt ever miss out on any fun.
To Sum it Up
As you learned in this blog, Beverly Hills is one of the best places to live in because it checks all the boxes for luxurious and peaceful living. Unfortunately, if you would like to sell your Beverly Hills property for personal reasons, try to find the best real estate agent. The best real estate agents are always one step ahead of your needs and communicate effectively. They take care of and anticipate all the little things. They also handle all of the minor details and provide you with a status report on a consistent basis. Similarly, if youβre buying real estate in Beverly Hills, the best real estate agent will understand your needs perfectly well and will know your schedule so that he can show you houses when you have time.
The question is, where will you find such an agent? Contact us today to fulfill all your real estate needs and subscribe to our emails for more information. It doesnβt matter if youβre looking to buy luxury real estate or sell it, weβre experts in both.
