1541 Summitridge Drive, California, Beverly Hills, 90210 - 3 bed, 4 bath
ACTIVE$12,000,000
1541 Summitridge Drive, California
3Beds
4Baths
4,015Sqft
41,468Lot
Year Built
1960
Close
-
List price
$12M
Original List price
$12M
Price/Sqft
$2,989
HOA
-
Days on market
-
Sold On
-
MLS number
22169971
Home ConditionExcellent
Features
Excellent View: City Lights, Ocean
Pool
Spa
Patio
ViewCity Lights,Ocean
About this home
Possibly Over-Priced:The estimated price is 18% below the list price. We found 3 Cons,7 Pros. Rank: price - $12.00M(75th), sqft - 4015(51th), beds - 3(24th), baths - 4(38th).
Walled and gated compound on approximately one acre promontory with unobstructed city and ocean views. The contemporary estate with walls of glass has been meticulously maintained. There are also plans for a 12,000 estate designed by famed architect Paul McClean. The existing contemporary home has walls of glass overlooking an infinity pool and spa. The public rooms incorporate high ceilings creating great volume. The primary bedroom, with sitting room/office, has a luxurious bathroom and large walk-in closets. There are two additional bedroom suites, an eat-in kitchen, family room, and powder room. Designer finishes throughout along with state of the art electronics/security system and so much more.
Nearby schools
9/10
West Hollywood Elementary School
Public,•K-5•2.0mi
9/10
Warner Avenue Elementary School
Public,•K-5•2.1mi
9/10
Wonderland Avenue Elementary School
Public,•K-5•2.6mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.8mi
8/10
Hawthorne Elementary School
Public,•K-8•1.8mi
8/10
El Rodeo Elementary School
Public,•K-8•2.2mi
6/10
Walter Reed Middle School
Public,•6-8•4.2mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•4.9mi
2/10
Van Nuys Middle School
Public,•6-8•5.1mi
9/10
Beverly Hills High School
Public,•9-12•2.6mi
7/10
Fairfax Senior High School
Public,•9-12•3.6mi
6/10
University Senior High School
Public,•9-12•4.4mi
6/10
University Senior High School Charter
Public,•9-12•4.4mi
8/10
North Hollywood Senior High School
Public,•9-12•5.0mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•5.4mi
6/10
Van Nuys Senior High School
Public,•9-12•6.5mi
Price History
Date
Event
Price
03/05/08
Sold
$900,000
07/14/98
Sold
$380,000
Condition Rating
Excellent
Despite being built in 1960, the property has clearly undergone an extensive and high-quality renovation, aligning with the 'extensively renovated within 5 years' criteria. The kitchen features modern light grey cabinetry, pristine white marble countertops and backsplash, high-end stainless steel built-in appliances (including a large refrigerator and professional range), a large island, and recessed lighting, all appearing virtually new. The living areas boast contemporary design with high ceilings, large format stone/tile flooring, recessed lighting, and modern finishes. The primary bedroom has hardwood floors and modern built-ins. The description confirms 'Designer finishes throughout' and 'state of the art electronics/security system,' indicating a comprehensive update. The overall aesthetic is luxurious, meticulously maintained, and move-in ready with no deferred maintenance.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 41468, living area = 4015.
Great Schools: Elementary School: Warner Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Unobstructed Panoramic Views: The property is situated on a promontory offering unobstructed city and ocean views, significantly enhancing its desirability and value.
Significant Development Potential: Approved plans for a 12,000 sqft estate by renowned architect Paul McClean provide immense future value and customization opportunities.
Exclusive & Private Compound: A walled and gated compound on approximately one acre ensures exceptional privacy and security, a premium in Beverly Hills.
High-End Design & Maintenance: The existing contemporary estate features walls of glass, designer finishes, state-of-the-art electronics/security, and has been meticulously maintained.
Luxury Outdoor Amenities: The property boasts an infinity pool and spa, perfectly positioned to take advantage of the stunning views.
Cons
Aggressive Pricing Relative to Estimation: The current listing price is 18% above the estimated property value, which may require strong justification to potential buyers.
Age of Existing Structure: Built in 1960, the existing home, despite being maintained, is an older structure which might imply potential for unseen infrastructure updates or a preference for a newer build by some luxury buyers.
Limited Bedrooms for Price Point: With 3 bedrooms, the current home's size may be considered modest for a luxury estate at this price point, especially given the large lot and development potential.