REAL ESTATE - COMPANY NEWS
Tuesday, July 10, 2018
The Enchanted Hill
REAL ESTATE - COMPANY NEWS
Source : Hilton & Hyland
Hilton & Hyland is pleased to announce the property listing of The Enchanted Hill in Beverly Hills. This iconic 120-acre private hilltop property is the last of its kind. Ideal for an individual seeking the ultimate in privacy and security or the creation of a family compound with five building sites. The Enchanted Hill is only seven minutes from Rodeo Drive and offers sweeping city, ocean and mountain views and two separate gated entrances. The Enchanted Hill is for sale for $150 million.
Microsoft co-founder and philanthropist, Paul G. Allen, who has owned the property since 1997, has made significant improvements to the property's infrastructure, including a one mile private street, rendering it a unique canvas with limitless possibilities for creating a world-class compound.
"Paul Allen's vision for the property was always to combine the matchless views and topography with incomparable design to produce something of enduring value," said Ada M. Healey, Vice President of Real Estate for Vulcan Inc. "Our hope is the next owners will bring this same careful approach to this extraordinary property."
The Enchanted Hill property was first discovered by Hollywood legends Frances Marion and Fred Thomson in the early 1920s. The couple hired California architect Wallace Neff to transform the Beverly Hills property into an "enchanted wonderland". Named Enchanted Hill by then friend and neighbor Greta Garbo, the property eventually sold to Lejeune Barnes, oil and mining entrepreneur, then Paul Kollsman, German-American inventor, and finally to Mr. Allen.
Jeff Hyland, Rick Hilton, Jesse Lally and Zach Goldsmith of Hilton & Hyland are representing the property.
