11975 Crest Place, Beverly Hills, California 90210, Beverly Hills, 90210 - 5 bed, 6 bath

11975 Crest Place, Beverly Hills, California 90210 home-pic-0
ACTIVE$15,000,000
11975 Crest Place, Beverly Hills, California 90210
5Beds
6Baths
6,900Sqft
23,978Lot
Year Built
1991
Close
-
List price
$15M
Original List price
$15M
Price/Sqft
$2,174
HOA
-
Days on market
-
Sold On
-
MLS number
25488407
Home ConditionGood
Features
Excellent View: City Lights
Pool
Spa
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 17% below the list price. We found 3 Cons,5 Pros. Rank: price - $15.00M(82th), sqft - 6900(78th), beds - 5(50th), baths - 6(59th).

Also avail for lease. Nestled in The Summit, a prestigious 24-hour guard-gated community in Beverly Hills, this spectacular contemporary estate offers an unparalleled living experience with breathtaking panoramic views. Designed by renowned architect Ron Goldman, this custom home combines striking architectural design with seamless indoor-outdoor living. The expansive floor plan features high ceilings, walls of glass, and luxurious French limestone floors that flow throughout, creating a light-filled environment with an effortless connection to the outdoor spaces. The home includes a gourmet kitchen with European cabinetry and granite countertops, an eat-in nook, and spacious living areas, including a family room, media room, and formal dining room. The master suite offers a private retreat with a loft office, steam shower, sauna, and Jacuzzi tub. Additional spaces include a separate maid's quarters and a subterranean garage. Outside, the meticulously landscaped grounds feature an infinity pool and spa, offering stunning views of the city lights and surrounding mountains. Perfect for entertaining, the property seamlessly blends luxury and comfort with its expansive layout, including a tropical courtyard, high-beam ceilings, and a serene poolside setting. This architectural gem is a must-see. Lease term of 18+ months only.

Condition Rating
Good

Built in 1991, this architecturally significant home is presented as move-in ready with high-end features. The description highlights a 'gourmet kitchen with European cabinetry and granite countertops' and a master suite with a 'steam shower, sauna, and Jacuzzi tub,' indicating quality and luxury. Images show well-maintained French limestone and hardwood floors, high ceilings, and a clean, contemporary aesthetic. While the property is 33 years old, its condition suggests meticulous upkeep and likely significant updates to key areas like the kitchen and bathrooms, aligning with the 'Good' criteria of being move-in ready with well-maintained systems and minimal wear and tear, even if not a full recent renovation.
Pros & Cons

Pros

Exclusive Guard-Gated Community: Nestled within The Summit, a prestigious 24-hour guard-gated community in Beverly Hills, offering unparalleled security and exclusivity.
Breathtaking Panoramic Views: The property boasts breathtaking panoramic views of city lights and surrounding mountains, significantly enhancing its appeal and value.
Renowned Architectural Design: Designed by renowned architect Ron Goldman, this custom contemporary estate features striking architectural design and high-end materials like luxurious French limestone floors.
Seamless Indoor-Outdoor Living & Entertainment: The design emphasizes seamless indoor-outdoor living with walls of glass, an infinity pool and spa, and meticulously landscaped grounds perfect for entertaining.
Luxurious Amenities & Master Suite: Features include a gourmet kitchen, media room, separate maid's quarters, and a master suite with a loft office, steam shower, sauna, and Jacuzzi tub.

Cons

Significant Overpricing: The listing price of $15,000,000 is substantially higher than the estimated property value of $12,413,240 and recent comparable sales, potentially hindering buyer interest.
Potential for Dated Systems/Features: Built in 1991, while featuring contemporary design and some updates (e.g., kitchen), the property may have original systems or other finishes that could require future modernization to meet current luxury standards.
Dual Market Strategy: The property's availability for lease (18+ months only) alongside its sale listing may suggest a lack of seller urgency or previous difficulty in selling, potentially affecting buyer perception and negotiation dynamics.

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