1211 Linda Flora Drive, Los Angeles, California 90049, Los Angeles, 90049 - 5 bed, 6 bath
ACTIVE$5,650,000$8,631/sqft
1211 Linda Flora Drive, Los Angeles, California 90049
5Beds
6Baths
8,631Sqft
119,811Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Pre-Approved Development Opportunity: Approved plans for a contemporary masterpiece significantly de-risk and streamline the building process for a luxury residence, saving considerable time and effort for the buyer.
Top Cons:
Requires Full Construction: This is a land opportunity with approved plans, meaning the buyer must undertake and finance the entire construction of the 8,631 sqft luxury home, which is not move-in ready.
Compared to the nearby listings
Price:$5.65M vs avg $3.90M (+$1,755,000)70%
Size:8,631 sqft vs avg 3,138 sqft93%
Price/sqft:$655 vs avg $1.3K3%
More Insights
Condition: This listing is for a vacant lot with approved plans to build a new, contemporary luxury residence. The description explicitly states the opportunity to build an 'ultimate masterpiece' with a 'state of the art kitchen' and 'luxurious bedroom suites.' While there is no existing structure to assess, the property's value and offering are based on the future construction of a home that, upon completion, would be newly built with all new, high-quality components, modern features, and no deferred maintenance, thus meeting the criteria for an 'Excellent' condition score.
Year Built
Close
-
List price
$5.65M
Original List price
$5.95M
Price/Sqft
$655
HOA
-
Days on market
-
Sold On
-
MLS number
24444275
Home ConditionExcellent
Features
Excellent View: City Lights, Canyon, Mountain(s), Panoramic
Deck
Pool
Patio
ViewCity Lights,Canyon,Mountain(s),Panoramic
About this home
This exclusive property presents an opportunity to build a contemporary with sweeping views of the city, canyons, and ocean. This private and gated estate is perched into the hill and designed to maximally utilize the panoramic scenery. In addition to the natural light that glistens through the glass walls, the grand entry leads to a dramatic open floor-plan with soaring 10ft to 12 ft ceilings that add to its architectural appeal. Featuring 5 luxurious bedroom suites, 6.5 baths, an office, gym, and state of the art kitchen with flexibility to open sliding glass doors. Porches and patios are infused into the design in a seamless fashion to blend and enhance the indoor/outdoor appeal. Lush landscaped 2.75 acre grounds feature terraced gardens and a uniquely integrated infinity edge swimming pool. Nestled in a park-like dreamy setting, approved plans are ready for this ultimate masterpiece. Property can be subdivided to build an additional home.
A
Alla Furman
Listing Agent
Price History
Date
Event
Price
09/03/15
Sold
$5,550,000
Condition Rating
Excellent
This listing is for a vacant lot with approved plans to build a new, contemporary luxury residence. The description explicitly states the opportunity to build an 'ultimate masterpiece' with a 'state of the art kitchen' and 'luxurious bedroom suites.' While there is no existing structure to assess, the property's value and offering are based on the future construction of a home that, upon completion, would be newly built with all new, high-quality components, modern features, and no deferred maintenance, thus meeting the criteria for an 'Excellent' condition score.
Pros & Cons
Pros
Pre-Approved Development Opportunity: Approved plans for a contemporary masterpiece significantly de-risk and streamline the building process for a luxury residence, saving considerable time and effort for the buyer.
Exceptional Subdivision Potential: The expansive 2.75-acre lot offers the unique ability to be subdivided for an additional home, providing significant investment flexibility or multi-generational living options.
Unparalleled Panoramic Views: Perched on a hill, the property boasts sweeping, unobstructed views of the city, canyons, and ocean, designed to maximize the breathtaking scenery from every angle.
Grand Scale & Luxury Design (Planned): The proposed 8,631 sqft residence features a dramatic open floor plan with soaring 10-12ft ceilings, 5 luxurious bedroom suites, an office, gym, and state-of-the-art kitchen, embodying ultimate luxury.
Expansive & Private Estate Grounds: A private, gated 2.75-acre estate with lush landscaped terraced gardens and a uniquely integrated infinity edge swimming pool creates an exclusive, resort-like setting.
Cons
Requires Full Construction: This is a land opportunity with approved plans, meaning the buyer must undertake and finance the entire construction of the 8,631 sqft luxury home, which is not move-in ready.
Substantial Additional Investment: Beyond the purchase price, a considerable capital outlay will be required for the high-end construction, significantly increasing the total investment for the finished property.
Niche Buyer Pool: The requirement for a custom build and the associated high total investment narrows the potential buyer demographic to a very specific, affluent market segment, potentially affecting market time.