House hunting in Beverly Park

Quite a few properties are on the market, according to Real Estalker, though the last actual sale was last September when contractor Ron Tutor paid $32.2 million for a yet-to-be-completed, 27,000 square foot mansion (9 bedrooms and 18 bathrooms). Even by L.A. standards, Bev Park is an oversized repository of ridiculous wealth, home to movie stars, superstar athletes, and a plastic surgeon or two. Don't plan on paying a visit - the place is guarded 24/7. Anyway, here are some properties mentioned in the Real Estalker posting:

--A four-acre estate belonging to Faith Hill and Tim McGraw. Put on the market last October for $14.8 million.

--Norm Zada's 6.79-acre estate, with a 15,000 sf main house and a 5,000 sf guest house. Zada, who is the founder of Perfect 10 magazine, has the place on the market for $24.5 million.

--Property developer Robert Bisno's 5+-acre estate, with five bedrooms, nine bathrooms, pool, tennis court, etc. Asking price is $29.5 million.

Again, all this stuff is unattributed, so just be aware. Here's some backstory – also unattributed:

Whether loved or loathed, everyone in the Los Angeles real estate game seems to have a strong opinion about Beverly Park's near mythic mega-mansion lined streets. Mumbling Mandy says, "I think that Beverly Park is great in that it keeps comps and prices at a good standpoint for the high end market. The reason that many stars live there is because its very exclusive, has a no fly zone, and everyone in the community is of the same caliber." Another well connected contact whom we affectionately call Nelly Knowsitall says, "Beverly Park has always been about foreign money and new money. Lots of it." Kenny Kissintell, one of Your Mama's gal-pals who owns a jealousy inducing address in Beverly Hills and is rich enough to live in Beverly Park if he wanted, recently hissed in our big ol' ear, "It's soooo gross up there you can't believe it. That place is for the likes of athletes, assholes and Dr. Phil types...bad taste in every direction."



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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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