1031 Cove Way, Beverly Hills, California 90210, Beverly Hills, 90210 - 4 bed, 5 bath
ACTIVE$7,800,000
1031 Cove Way, Beverly Hills, California 90210
4Beds
5Baths
4,971Sqft
22,142Lot
Price Vs. Estimate
The estimated value ($7,800,000) is $0 (0%) lower than the list price ($7,800,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Beverly Hills Location: Situated on 'coveted Cove Way' in one of Beverly Hills' most exclusive enclaves, this property offers prestige, privacy, and high desirability.
Top Cons:
Property Age & Potential Updates: Built in 1959, the property may require significant updates to core systems (e.g., plumbing, electrical, HVAC) or cosmetic renovations to fully align with contemporary luxury standards.
Compared to the nearby listings
Price:$7.80M vs avg $5.25M (+$2,550,000)62%
Size:4,971 sqft vs avg 3,967 sqft62%
Price/sqft:$1.6K vs avg $1.2K68%
More Insights
Built in 1959 (66 years old).
Condition: Despite being built in 1959, the property boasts a 'grand kitchen' with 'top-tier Wolf, Miele, and Sub-Zero appliances,' indicating a significant and high-quality renovation. The description also highlights luxury features like dual wet bars, a 1,200+ bottle wine cellar, dual vanities, and a spa tub in the primary suite. The images show well-maintained Saltillo tile flooring and custom built-ins, reflecting a classic, elegant style rather than an outdated one. While not 'newly built' or explicitly renovated within the last 5 years to qualify as 'Excellent,' the property is clearly move-in ready, meticulously maintained, and features modern, high-end systems and finishes that suggest extensive updates within the last 5-15 years, aligning perfectly with a 'Good' condition score.
Year Built
1959
Close
-
List price
$7.8M
Original List price
$8.3M
Price/Sqft
$1,569
HOA
-
Days on market
-
Sold On
-
MLS number
25582787
Home ConditionGood
Features
Good View:
Pool
Patio
View
About this home
Located on coveted Cove Way in Beverly Hills, this single-story Italian villa offers privacy, elegance, and timeless charm. Behind gates and a spacious motor court, the home features a Saltillo tile foyer leading to a grand kitchen and great room with 15-foot ceilings, dual wet bars, and top-tier Wolf, Miele, and Sub-Zero appliances. Designed for entertaining, the residence includes a 1,200+ bottle wine cellar, a step-down living room with a dramatic fireplace, and seamless access to a private courtyard with a pool, fire pit, and ample seating. The primary suite offers dual vanities, a spa tub, and three walk-in cedar closets. A separate guest wing with two additional bedrooms and private patio access, plus a maid's quarters, completes this rare offering in one of Beverly Hills' most exclusive enclaves.
Nearby schools
9/10
Warner Avenue Elementary School
Public,•K-5•1.4mi
9/10
West Hollywood Elementary School
Public,•K-5•1.8mi
9/10
Fairburn Avenue Elementary School
Public,•K-5•2.0mi
4/10
Rosewood Avenue Elementary School, School for Advanced Studies
Public,•K-6•2.6mi
9/10
Wonderland Avenue Elementary School
Public,•K-5•3.0mi
7/10
Canfield Avenue Elementary School
Public,•K-5•3.0mi
5/10
Carthay Center Elementary
Public,•K-5•3.4mi
8/10
Hawthorne Elementary School
Public,•K-8•1.1mi
8/10
El Rodeo Elementary School
Public,•K-8•1.3mi
8/10
Beverly Vista Elementary School
Public,•K-8•2.0mi
8/10
Horace Mann Elementary School
Public,•K-8•2.6mi
3/10
Daniel Webster Middle School
Public,•6-8•4.0mi
7/10
Palms Middle School
Public,•6-8•4.3mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•4.7mi
7/10
John Burroughs Middle School
Public,•6-8•4.9mi
9/10
Beverly Hills High School
Public,•9-12•1.7mi
7/10
Fairfax Senior High School
Public,•9-12•3.3mi
6/10
University Senior High School Charter
Public,•9-12•3.7mi
6/10
University Senior High School
Public,•9-12•3.7mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•4.0mi
Price History
Date
Event
Price
03/20/18
Sold
$7,100,000
04/21/15
Sold
$5,900,000
Condition Rating
Good
Despite being built in 1959, the property boasts a 'grand kitchen' with 'top-tier Wolf, Miele, and Sub-Zero appliances,' indicating a significant and high-quality renovation. The description also highlights luxury features like dual wet bars, a 1,200+ bottle wine cellar, dual vanities, and a spa tub in the primary suite. The images show well-maintained Saltillo tile flooring and custom built-ins, reflecting a classic, elegant style rather than an outdated one. While not 'newly built' or explicitly renovated within the last 5 years to qualify as 'Excellent,' the property is clearly move-in ready, meticulously maintained, and features modern, high-end systems and finishes that suggest extensive updates within the last 5-15 years, aligning perfectly with a 'Good' condition score.
Pros & Cons
Pros
Prime Beverly Hills Location: Situated on 'coveted Cove Way' in one of Beverly Hills' most exclusive enclaves, this property offers prestige, privacy, and high desirability.
Exceptional Entertaining Spaces: Designed for grand entertaining, featuring a great room with 15-foot ceilings, dual wet bars, a 1,200+ bottle wine cellar, and a private courtyard with a pool and fire pit.
High-End Kitchen & Appliances: The grand kitchen is equipped with top-tier Wolf, Miele, and Sub-Zero appliances, catering to gourmet cooking and luxury living.
Luxurious & Private Living Quarters: Includes a lavish primary suite with dual vanities, a spa tub, and three walk-in cedar closets, a separate guest wing with private patio access, and dedicated maid's quarters.
Timeless Italian Villa Architecture: A single-story Italian villa design behind gates, offering unique architectural elegance, privacy, and enduring charm.
Cons
Property Age & Potential Updates: Built in 1959, the property may require significant updates to core systems (e.g., plumbing, electrical, HVAC) or cosmetic renovations to fully align with contemporary luxury standards.
Discrepancy with Estimated Value: The current list price of $7.8M is notably higher than the estimated property value of $7.298M, suggesting potential overpricing or market resistance.
Recent Price Reduction: A recent price drop from $8.299M to $7.8M indicates that the initial pricing may have been too aggressive, and further market adjustments could be necessary.