The Highest Price Ever For a Condo in Beverly Hills - The Montage

Real Estate Agent with COMPASS DRE# 01339266

The highest priced ever achieved for a condo in Beverly Hills has been recorded at The Montage Residences.

This record-setting sale of $10,950,000 closed on Friday 4/9/2010 ($2148 per square foot)

Unit 8D is a 4-Bed 4.5-Bath condo measuring over 4900 square feet with HOA Dues of $6064 per month (that's $72,768 per year). Annual Property Taxes are estimated at over $130,000.

That's over $200,000 in Dues and Taxes alone.

This sale easily tops the previous record of $6,150,000 for Unit 8F (also at The Montage Residences) that closed for $6,150,000 in March of this year.

As at the time of posting this blog The MLS shows one unit as pending in escrow (listed at $11,650,000) and three other condos as active, listed at $6,150,000; $8,850,000 and $10,250,000 respectively.

The Property was listed by Sondra Browning-Ott of Sotheby's International- Montage.

Comments (4)

Lori Liveston
Virtual Homes, Real Estate - Waltham, MA

WOW! Thanks for sharing. 

Apr 11, 2010 05:37 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC


That is a great high water market for a price.

Good luck and success.

Lou Ludwig

Apr 11, 2010 01:54 PM
COMPASS - Palm Springs, CA
COMPASS Palm Springs - Broker Associate

Lori - I think this sale will become huge news.

Lou - Although this is the highest price ever achieved for a condo sold in Beverly Hills, it's not quite the highest rate per square foot.

Apr 11, 2010 03:16 PM
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

Stewart -- did Nicolas Gage buy a unit there??  :-)

Apr 11, 2010 06:15 PM