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1022 Summit Drive, Beverly Hills, California 90210, Beverly Hills, 90210 - 6 bed, 7 bath

1022 Summit Drive, Beverly Hills, California 90210 home-pic-0
ACTIVE$12,500,000
1022 Summit Drive, Beverly Hills, California 90210
6Beds
7Baths
Sqft
32,080Lot
Year Built
1970
Close
-
List price
$12.5M
Original List price
$12.5M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
25606091
Home ConditionPoor
Features
Excellent View:
Pool
Patio
View

About this home

We found 3 Cons,6 Pros. Rank: price - $12.50M(77th), sqft - 0(5th), beds - 6(70th), baths - 7(66th).

1022 Summit Drive presents a rare and exceptional development opportunity in one of Beverly Hills' most prestigious neighborhoods, Beverly Hills Gateway. This 0.74-acre (approximately 32,234 sq. ft.) parcel, with current swank mid-century home approx. 7,134 sq. ft. built in 1970, offers a prime canvas for reinvention, restoration, or recreation, creating a luxurious estate in the heart of the iconic 90210 proper. With 6 bedrooms and 7 bathrooms, the existing structure could be braught back right back to its iconic era because of it's functional layout, high ceilings and open concept floorplan already fulfilling currrent market demads, or the expansive lot could support a new, custom-designed masterpiece tailored to the discerning tastes of Beverly Hills' elite in one of the most coveted, world-renowned locations. The property's generous size and prime location make it ideal for developers or visionary owner/users seeking to craft a trophy estate with unparalleled privacy and sophistication on arguably one of the most coveted streets in Beverly Hills.

Nearby schools

9/10
Warner Avenue Elementary School
Public,•K-5•1.3mi
9/10
Fairburn Avenue Elementary School
Public,•K-5•1.9mi
9/10
West Hollywood Elementary School
Public,•K-5•1.9mi
4/10
Rosewood Avenue Elementary School, School for Advanced Studies
Public,•K-6•2.6mi
7/10
Canfield Avenue Elementary School
Public,•K-5•3.0mi
9/10
Wonderland Avenue Elementary School
Public,•K-5•3.1mi
5/10
Carthay Center Elementary
Public,•K-5•3.5mi
8/10
Hawthorne Elementary School
Public,•K-8•1.1mi
8/10
El Rodeo Elementary School
Public,•K-8•1.3mi
8/10
Beverly Vista Elementary School
Public,•K-8•2.0mi
8/10
Horace Mann Elementary School
Public,•K-8•2.6mi
3/10
Daniel Webster Middle School
Public,•6-8•3.9mi
7/10
Palms Middle School
Public,•6-8•4.3mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•4.8mi
7/10
John Burroughs Middle School
Public,•6-8•5.0mi
9/10
Beverly Hills High School
Public,•9-12•1.7mi
7/10
Fairfax Senior High School
Public,•9-12•3.4mi
6/10
University Senior High School Charter
Public,•9-12•3.6mi
6/10
University Senior High School
Public,•9-12•3.6mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•4.0mi

Price History

Date
Event
Price
10/16/25
Listing
$12,500,000
Condition Rating
Poor
The property was built in 1970, making it over 50 years old. The listing explicitly states it's a 'development opportunity' and a 'canvas for reinvention,' indicating that the existing home 'will likely require extensive modernization or a complete rebuild to meet contemporary luxury standards.' This suggests the kitchen, bathrooms, and other major systems are severely outdated and require substantial rehabilitation and replacement, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Prestigious Location: Situated in the highly exclusive Beverly Hills Gateway, within the iconic 90210 proper, on one of the most coveted streets, offering unparalleled exclusivity and high demand.
Significant Development Potential: Presents a rare and exceptional development opportunity, serving as a prime canvas for reinvention, restoration, or the creation of a new custom-designed masterpiece.
Expansive Lot Size: Features a substantial 0.74-acre (approximately 32,234 sq. ft.) parcel, providing ample space for a trophy estate and contributing to a sense of unparalleled privacy.
Existing Home's Functional Layout: The current 7,134 sq. ft. mid-century home, built in 1970, boasts a functional layout, high ceilings, and an open concept floorplan, offering a solid foundation for renovation.
Potential for Desirable Views: The property is indicated to have views, which is a significant value enhancer in the Beverly Hills market, though specific view types are not detailed.

Cons

Significant Capital Investment Required: Marketed as a 'canvas for reinvention, restoration, or recreation,' implying substantial additional capital expenditure will be necessary for renovation or new construction beyond the purchase price.
Age of Existing Structure: Built in 1970, the existing mid-century home is over 50 years old, and despite its functional layout, will likely require extensive modernization or a complete rebuild to meet contemporary luxury standards.
High Entry Price Point: The $12.5 million list price positions this property at the very top tier of the luxury market, significantly narrowing the potential buyer pool to ultra-high-net-worth individuals or specialized developers.

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