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261 S Reeves Drive 304, Beverly Hills, California 90212, Beverly Hills, 90212 - 2 bed, 3 bath

261 S Reeves Drive 304, Beverly Hills, California 90212 home-pic-0
ACTIVE$1,450,000
261 S Reeves Drive 304, Beverly Hills, California 90212
2Beds
3Baths
1,813Sqft
23,821Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Located in a highly sought-after Beverly Hills neighborhood, offering immediate access to Rodeo Drive, fine dining, and premier entertainment.
Top Cons:
High HOA Fees: The monthly association fee of $2,633.56 is substantial and could be a significant ongoing cost for potential buyers.

Compared to the nearby listings

Price:$1.45M vs avg $1.86M ($-408,888)26%
Size:1,813 sqft vs avg 2,072 sqft32%
Price/sqft:$800 vs avg $84532%

More Insights

Built in 2007 (18 years old).
Condition: Built in 2007, this property is well-maintained and move-in ready. The living areas feature good condition hardwood floors and recessed lighting. The master bathroom is luxurious with marble finishes. While the kitchen is functional and clean, its granite countertops, backsplash, and some appliances appear somewhat dated for a luxury Beverly Hills property. The guest bathroom also features specific, slightly older style choices. However, there are no immediate repairs or significant updates required, aligning with a 'Good' condition score.
Year Built
2007
Close
-
List price
$1.45M
Original List price
$1.55M
Price/Sqft
$800
HOA
$2,633.56
Days on market
-
Sold On
-
MLS number
25524701
Home ConditionGood
Features
Good View:
View

About this home

Welcome to your new home at 261 South Reeves Drive, Unit 304, in Beverly Hills, CA. This 1813 sq. ft. residence offers 2 bedrooms plus DEN/OFFICE and 2.5 bathrooms, with a layout designed for both comfort and entertaining. The master bedroom is a true retreat, complete with a walk-in closet and an en-suite bathroom. The additional bedroom is spacious and en-suite bathroom. Enjoy the convenience of a 24/7 concierge, and a secure environment with security system on each floor. The building features gated community garage with assigned 2 side by side parking, a private storage and guest parking for your visitors. Residents of this prestigious building have access to a range of amenities, including a fitness center, sauna, a community outdoor sitting area. Situated in a highly sought-after neighborhood, this residence is just moments away from renowned shopping Rodeo Drive, fine dining The Maybourne Beverly Hills, Beverly Wilshire a Four Seasons Hotel and other entertainment options. Property has been destaged.

Price History

Date
Event
Price
11/30/21
Sold
$1,500,000
05/07/08
Sold
$1,765,000
Condition Rating
Good
Built in 2007, this property is well-maintained and move-in ready. The living areas feature good condition hardwood floors and recessed lighting. The master bathroom is luxurious with marble finishes. While the kitchen is functional and clean, its granite countertops, backsplash, and some appliances appear somewhat dated for a luxury Beverly Hills property. The guest bathroom also features specific, slightly older style choices. However, there are no immediate repairs or significant updates required, aligning with a 'Good' condition score.
Pros & Cons

Pros

Prime Location: Located in a highly sought-after Beverly Hills neighborhood, offering immediate access to Rodeo Drive, fine dining, and premier entertainment.
Extensive Building Amenities: Residents benefit from a fitness center, sauna, and a community outdoor sitting area, enhancing the luxury living experience.
Premium Services & Security: Features include a 24/7 concierge service and a robust security system on each floor, ensuring convenience and peace of mind.
Ample Parking & Private Storage: The property includes assigned 2 side-by-side parking spaces in a gated garage, guest parking, and private storage.
Functional & Spacious Layout: A well-designed 1813 sq. ft. layout with 2 bedrooms plus a versatile den/office, and all bedrooms featuring en-suite bathrooms.

Cons

High HOA Fees: The monthly association fee of $2,633.56 is substantial and could be a significant ongoing cost for potential buyers.
Price Adjustment: The property has undergone a price reduction from its original list price, potentially signaling market resistance or initial overpricing.
Destaged Property: The property has been destaged, which may make it less appealing to prospective buyers who prefer to visualize a furnished space.

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