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23 Beverly Park Ter
Beverly Hills, CA 90210
$74,000,000
Conventional
Property
Bedroom
9
Bathroom
12
Property Type
Conventional
Square ft
28000
Property Description
Situated on over 3 acres of lush, manicured grounds, this regal English country estate demands sophistication, nestled in one of the most exclusive guard-gated communities, North Beverly Park. Designed by renowned architect Richard Landry, the estate epitomizes timeless elegance and unparalleled luxury. Upon passing through the ornate double gates and along the grand private drive to the expansive motor court, framed by a striking statement fountain and 4,500 square foot guest house, the unmistakable English influence distinctly defines the estate's picturesque grounds from the moment you arrive. Stepping into the grand foyer, you are greeted by the stately double staircase and double-height ceilings, accentuating the property's scale and exuding an aura of timeless sophistication and grandeur. The Great Room, positioned to overlook the picturesque backyard grounds, serves as an ideal venue for hosting and entertaining. Adorned with intricate millwork and a meticulously hand-painted bar, the space seamlessly connects to the outdoors through oversized French doors, creating a fluid transition between the interior and the expansive terrace. The regal formal library offers an intimate setting enveloped by floor-to-ceiling wooden bookshelves and built-ins, complemented by a luxurious marble fireplace exuding sophistication and timeless charm. The gourmet kitchen, boasting a spacious center island and an intimate breakfast nook that overlooks the serene rear grounds, offers a haven for both culinary artistry and casual dining. Seamlessly connected to two intimate sitting rooms, the space harmoniously blends functionality and comfort, fostering an environment of conviviality and ease. The formal dining room exudes an ambiance of refined sophistication, providing an ample expanse that is perfectly suited for elegant hosting and gracious entertaining. At the end of the main-level hallway, you'll uncover a secluded private speakeasy that seamlessly connects to the screening room adorned with French doors, providing direct access to the outdoors. Ascending the grand double staircase to the second level, you'll unveil the primary suitean exclusive retreat designed for relaxation and unwinding. Boasting dual ensuites and closets, an inviting living area, and several terraces overlooking the grounds, this space epitomizes luxurious comfort and indulgence. Explore the additional guest suites, each adorned with ensuite baths and providing captivating views of the estate from every vantage point within. Outdoors, discover the expansive grounds complete with a multitude of amenities enhancing the unparalleled living experience. Surrounding the expansive outdoor pool and spa, this area boasts multiple seating areas and an outdoor entertainment structure complete with a barbecue, fireplace, and ample seating. Unique to the property, the 60' by 120' fully lit soccer field offering an exceptional space for training and games. Additionally, the expansive guest house provides extra living quarters and offers a full-size gym for added comfort and convenience.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1993
MLS Number
23-338275
Location
Address
23 Beverly Park Ter
City
Beverly Hills
State
CA
Zip Code
90210
County
LOS ANGELES (NORTHWEST LA)
Listing
Provider
Name
Compass
Phone
Office Name
Compass
Office Phone
(310) 230-5478
Agent Name
Tomer Fridman

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.