Now That's a Price Reduction .... "Reduced By $13.5 Million" - 9577 Sunset Blvd, Beverly Hills, CA 90210

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Real Estate Agent with Bennion Deville Homes CalBRE# 01339266

9577 Sunset Blvd, Beverly Hills, CA 90210

One of the most expensive listings in Los Angeles/Beverly Hills has had a huge price reduction of $13.5 Million. Originally listed almost a year ago at $68.5 Million, the opulant 36,000 sq ft 9-Bed 13-Bath mansion remained unsold - hence the hefty 20% price reduction.

Beverly Hills Realtor  Beverly Hills Realtor

Beverly Hills Mansion  Beverly Hills Realtor

Beverly Hills Mansion  Beverly Hills Mansion

The MLS Listing describes the mansion as "The epitome of European elegance .... (with) delicate hand carved imported limestone exterior, onyx marbles, marble columns, antique mirrors, exceptional French moldings with 24karat gilt, & bronze beveled double paned windows & doors .... An entertainer's paradise, extraordinary scale .... No expense has been spared in this famed 3 level French Palladian residential estate. Shown to pre qualified clients only".

Pics courtesy of The CLAW MLS - Co-Listed by Hilton & Hyland and Coldwell Banker.

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THE LANGUAGE OF LUXURY
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Rainer
46,059
Susan Brown
Fonville Morisey, a Long and Foster Company - Cary, NC
REALTOR - Cary NC Homes for Sale

Yeah, I don't know...not sure the dining room is big enough for me.  And didn't gold go out of style, like, 20 years ago??  :)

May 17, 2011 03:05 AM #1
Rainmaker
319,471
James Loftis
Real Estate 911 Inc - West Palm Beach, FL
Real Estate 911 Inc

Wow!,now that is a price reduction, should sell quickly now.

May 17, 2011 03:14 AM #2
Ambassador
1,540,110
Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

Just can't see myself in the "elegance" of it all.....so it goes to show that price doesn't always work, I'm going to pass. :)

May 17, 2011 03:15 AM #3
Rainmaker
482,216
Palm Springs Realtor Stewart Penn
Bennion Deville Homes - Palm Springs, CA
Bennion Deville Homes - Broker Associate

The "over-the-top" opulence & extravagance is just too much for me too :)

May 17, 2011 03:18 AM #4
Rainmaker
1,993,929
Richard Weeks
Dallas, TX
REALTORĀ®, Broker

That is quite some house and price reduction.  Wonder how you pull comps on something like this?

May 17, 2011 03:54 AM #5
Rainmaker
482,216
Palm Springs Realtor Stewart Penn
Bennion Deville Homes - Palm Springs, CA
Bennion Deville Homes - Broker Associate

Pulling comps ......? That's a tough exercise.

These are currently the 6 most expensive Active Listings in greater Los Angeles:

$150,000,000 - 594 S Mapleton Drive, Los Angeles

$75,000,000 - 26848 Pacific Coast Highway, Malibu

$58, 000,000 - 9577 Sunset Blvd, Beverly Hills

$55,000,000 - 1215 Laurel Lane, Beverly Hills

$53,000,000 - 332 St. Cloud Road, Los Angeles

$49,000,000 - 340 Kanan Dune Rd, Malibu

May 17, 2011 04:03 AM #6
Rainer
35,804
Manuel Monserrate
Raleigh, NC

Let me check.... Nope, still can't afford it.  WOW.   Didn't quite like the chandeliers, anway...

May 17, 2011 04:58 AM #7
Rainmaker
596,127
Jim Hale
ACTIONAGENTS.NET - Eugene, OR
Eugene Oregon's Best Home Search Website

Wow.  What a place!

Looks like a combination between a bank and the Vanderbilt mansion.

May 20, 2011 09:04 PM #8
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Rainmaker
482,216

Palm Springs Realtor Stewart Penn

Bennion Deville Homes - Broker Associate
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