RealKey
‪(213) 433-7766‬

10985 Bellagio Road, Los Angeles, California 90077, Los Angeles, 90077 - 8 bed, 13 bath

10985 Bellagio Road, Los Angeles, California 90077 home-pic-0
ACTIVE$9,995,000
10985 Bellagio Road, Los Angeles, California 90077
8Beds
13Baths
14,679Sqft
28,281Lot
Year Built
1953
Close
-
List price
$9.99M
Original List price
$9.99M
Price/Sqft
$681
HOA
-
Days on market
-
Sold On
-
MLS number
25523931
Home ConditionTear down
Features
Excellent View: City Lights, Golf Course, Ocean
Pool
Patio
ViewCity Lights,Golf Course,Ocean

About this home

We found 3 Cons,5 Pros. Rank: price - $9.99M(85th), sqft - 14679(97th), beds - 8(96th), baths - 13(99th).

Sited on a promontory site within the West Gate of prestigious Bel Air, this site offers a special opportunity. Fully approved plans for an approx 15,000 SF architectural development opportunity designed by Studio Plasencia offering an unparalleled living experience overlooking the Bel Air Country Club with views of the City and Ocean. Plans carefully designed for the most discerning buyer, generous primary suite, family friendly floor plan including 8 suites, large grassy lawn, pickle ball court, wellness, gym, two offices, media room and views to Palos Verdes from the upper level. Existing recently-renovated home on site offers a place to live or lease before construction starts. Seller will consider Seller financing for a portion of the purchase price.

Nearby schools

9/10
Warner Avenue Elementary School
Public,•K-5•1.5mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.7mi
2/10
Van Nuys Middle School
Public,•6-8•6.1mi
6/10
University Senior High School
Public,•9-12•2.4mi
6/10
University Senior High School Charter
Public,•9-12•2.4mi
6/10
Van Nuys Senior High School
Public,•9-12•7.5mi

Price History

Date
Event
Price
04/10/25
Listing
$9,995,000
07/01/22
Sold
$7,000,000
Condition Rating
Tear down
The property, built in 1953, is explicitly marketed as a 'development opportunity' with 'fully approved plans' for a new 15,000 sqft architectural residence. While the description mentions an 'existing recently-renovated home' that offers a place to live or lease before construction, no images of this existing home are provided. All accompanying images are renderings of the proposed new development. This indicates that the value of the listing is primarily in the land and its potential for redevelopment, rather than the existing structure. Despite the existing home being 'recently-renovated' and livable, its ultimate purpose in this transaction is to be demolished to make way for the new construction, aligning with the 'tear-down' classification where the property's value is based solely on the land and its potential for redevelopment.
Pros & Cons

Pros

Prestigious Location: Sited on a promontory within the exclusive West Gate of Bel Air, offering unparalleled prestige and desirability.
Approved Development Plans: Comes with fully approved plans for an approximately 15,000 SF architectural masterpiece by Studio Plasencia, significantly de-risking and fast-tracking a major luxury development.
Panoramic Views: Boasts breathtaking views overlooking the Bel Air Country Club, City, Ocean, and Palos Verdes, ensuring high future value and appeal.
Extensive Planned Amenities: The approved plans include a generous primary suite, 8 additional suites, a large grassy lawn, pickleball court, wellness center, gym, two offices, and a media room, catering to a luxury lifestyle.
Flexible Occupancy & Financing: An existing recently-renovated home provides an immediate option for living or leasing, and the seller is open to financing a portion of the purchase price, offering significant buyer flexibility.

Cons

Substantial Additional Investment: The listed price is primarily for the land and approved plans; realizing the full vision requires a multi-million dollar construction budget beyond the purchase price.
Long-Term Project Commitment: The property's ultimate value is tied to a significant, multi-year construction project, demanding considerable time, oversight, and capital commitment from the buyer.
Limited Immediate Full Utility: While an existing home is present, the property's core offering is a development opportunity, meaning the current structure is likely temporary and not the primary long-term asset for the discerning buyer.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state