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1648 Summitridge, Beverly Hills, California 90210, Beverly Hills, 90210 - 5 bed, 7 bath

1648 Summitridge, Beverly Hills, California 90210 home-pic-0
ACTIVE$5,250,000
1648 Summitridge, Beverly Hills, California 90210
5Beds
7Baths
5,404Sqft
54,014Lot
Year Built
Close
-
List price
$5.25M
Original List price
$5.39M
Price/Sqft
$972
HOA
-
Days on market
-
Sold On
-
MLS number
25527063
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s)
Deck
Patio
ViewCity Lights,Mountain(s)

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 3 Cons,7 Pros. Rank: price - $5.25M(50th), sqft - 5404(68th), beds - 5(50th), baths - 7(66th).

PRICED TO SELL - UNDER $1,000 PER FOOT! BRING ALL OFFERS. Welcome to THE SUMMIT, a fully reimagined, modern masterpiece perched atop 1.24 acres of gated hill side where every room opens to sweeping panoramas from the Pacific Ocean to the Downtown skyline. An opulent formal dining area commands prime views, while the custom kitchen dazzles with Calcutta countertops, custom wood panels, and a full suite of high end appliances. Sliding insulated glass doors in the adjacent family room extend living space to the outdoors, perfect for sunset cocktails or intimate gatherings under the stars. . At night, retreat to the outdoor deck to enjoy city lights and ocean breezes. Above the garage, a fully self contained ADU guesthouse offers a full kitchen, spa bath, and its own terrace ideal for visitors or have it as rental income. And with approved, ready to issue plans for a dramatic infinity pool, you can create your personal resort without delay. THE SUMMIT delivers both luxury and peace of mind. This is a rare opportunity to own a contemporary Beverly Hills sanctuary that harmonizes grandscale entertaining with serene everyday living. SELLER FINANCING AVAILABLE.

Nearby schools

9/10
West Hollywood Elementary School
Public,•K-5•2.0mi
9/10
Warner Avenue Elementary School
Public,•K-5•2.3mi
9/10
Wonderland Avenue Elementary School
Public,•K-5•2.4mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.9mi
8/10
Hawthorne Elementary School
Public,•K-8•1.9mi
8/10
El Rodeo Elementary School
Public,•K-8•2.4mi
6/10
Walter Reed Middle School
Public,•6-8•4.0mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•4.8mi
2/10
Van Nuys Middle School
Public,•6-8•5.0mi
9/10
Beverly Hills High School
Public,•9-12•2.7mi
7/10
Fairfax Senior High School
Public,•9-12•3.5mi
6/10
University Senior High School
Public,•9-12•4.5mi
6/10
University Senior High School Charter
Public,•9-12•4.5mi
8/10
North Hollywood Senior High School
Public,•9-12•4.8mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•5.3mi
6/10
Van Nuys Senior High School
Public,•9-12•6.4mi

Price History

Date
Event
Price
02/01/23
Sold
$3,080,000
10/22/20
Sold
$2,700,000
09/25/18
Sold
$5,000,000
10/06/14
Sold
$2,000,000
Condition Rating
Excellent
This property is described as a 'fully reimagined, modern masterpiece' and the images confirm an extensive, high-quality renovation. The kitchen features Calcutta countertops, custom wood panels, and a full suite of high-end, modern appliances. Bathrooms showcase contemporary vanities, fixtures, and finishes, including a 'spa bath' in the ADU. Flooring is light hardwood throughout, light fixtures are modern, and all visible components appear new or virtually new, meeting current luxury standards. The property is in pristine condition 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 = 54014, living area = 5404.
Great Schools: Elementary School: Warner Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Expansive Panoramic Views: Offers breathtaking, sweeping panoramas from the Pacific Ocean to the Downtown skyline from every room, significantly enhancing desirability and value.
Modern Masterpiece Renovation: Recently 'fully reimagined' with high-end finishes, including a custom kitchen with Calcutta countertops and premium appliances, reflecting contemporary luxury.
Versatile ADU Guesthouse: Includes a fully self-contained Accessory Dwelling Unit (ADU) with a full kitchen and spa bath, providing flexibility for guests or potential rental income.
Approved Pool Development Plans: Features approved, ready-to-issue plans for a dramatic infinity pool, offering immediate potential for a significant luxury amenity without permitting delays.
Attractive Financial Terms: Positioned as 'priced to sell' at under $1,000 per foot and offers seller financing, providing significant financial flexibility and perceived value for buyers.

Cons

Absence of Existing Pool: Despite approved plans, the property currently lacks an installed infinity pool, which is a highly sought-after amenity in this luxury market segment.
Valuation Discrepancy: The listing price is 10% above the estimated market value, potentially indicating an aggressive pricing strategy that may require justification to buyers.
Unspecified Cooling System: The property description does not explicitly mention a central air conditioning system, which could be a concern for comfort during warmer months in a luxury residence.

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