520 Stonewood Drive, Beverly Hills, California 90210, Beverly Hills, 90210 - 4 bed, 7 bath
ACTIVE$38,000,000
520 Stonewood Drive, Beverly Hills, California 90210
4Beds
7Baths
5,577Sqft
36,131Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Unrivaled Location & Exclusivity: Situated in the highly coveted Beverly Hills 90210, at the end of a serene cul-de-sac, offering unparalleled privacy and prestige.
Top Cons:
Substantial Capital Investment Required: The $38 million list price is just the entry point; significant additional capital (tens of millions) will be required for the projected $100M+ build-out.
Compared to the nearby listings
Price:$38.00M vs avg $5.25M (+$32,750,000)97%
Size:5,577 sqft vs avg 3,967 sqft69%
Price/sqft:$6.8K vs avg $1.2K99%
More Insights
Built in 1970 (55 years old).
Condition: The property was built in 1970, making the existing structure over 50 years old. The MLS description explicitly states this is an 'opportunity to acquire and build a masterpiece estate' with 'plans just shy of 20,000 square feet' already obtained. The images provided are primarily architectural renderings of the proposed new construction, with only one aerial view showing the existing 1970s-era structure. This indicates that the value of this $38 million listing is based on the prime land and its redevelopment potential, not the current dwelling. The existing structure is implicitly considered to be demolished to make way for the new estate, aligning with the 'tear-down' criteria where the property's value is based solely on the land and its potential for redevelopment.
Year Built
1970
Close
-
List price
$38M
Original List price
$38M
Price/Sqft
$6,814
HOA
-
Days on market
-
Sold On
-
MLS number
25568087
Home ConditionTear down
Features
Excellent View: City Lights, Coastline, Ocean, Panoramic
Pool
Patio
ViewCity Lights,Coastline,Ocean,Panoramic
About this home
Once in a generation opportunity to acquire and build a masterpiece estate in the most prime location in Beverly Hills. A rare double lot totaling 1.6+ acres, located at the end of a serene cul-de-sac and perched above the city. Plans just shy of 20,000 square feet over two stories, have been carefully designed by Noah Walker of award winning Walker Workshop, and all discretionary approvals have been obtained over a painstaking 4 year process. The expansive home features floating walkways, garden courtyards, a private drive with security house, floor to ceiling pocketing doors, an automatic awning systems, and a 395 foot infinity pool showcasing views of the city and ocean. If built, the value is projected to be $100m +. This property and the neighboring property, 510 Stonewood Dr, also available individually for $19,950,000.
Nearby schools
9/10
West Hollywood Elementary School
Public,•K-5•0.9mi
4/10
Rosewood Avenue Elementary School, School for Advanced Studies
Public,•K-6•1.7mi
9/10
Wonderland Avenue Elementary School
Public,•K-5•2.1mi
9/10
Warner Avenue Elementary School
Public,•K-5•2.3mi
9/10
Fairburn Avenue Elementary School
Public,•K-5•2.7mi
7/10
Canfield Avenue Elementary School
Public,•K-5•2.9mi
5/10
Carthay Center Elementary
Public,•K-5•2.9mi
8/10
Hawthorne Elementary School
Public,•K-8•0.9mi
8/10
El Rodeo Elementary School
Public,•K-8•1.8mi
8/10
Beverly Vista Elementary School
Public,•K-8•1.8mi
8/10
Horace Mann Elementary School
Public,•K-8•2.1mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•3.8mi
7/10
John Burroughs Middle School
Public,•6-8•4.2mi
3/10
Daniel Webster Middle School
Public,•6-8•4.6mi
7/10
Palms Middle School
Public,•6-8•4.7mi
9/10
Beverly Hills High School
Public,•9-12•2.0mi
7/10
Fairfax Senior High School
Public,•9-12•2.4mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•4.0mi
6/10
University Senior High School Charter
Public,•9-12•4.6mi
6/10
University Senior High School
Public,•9-12•4.6mi
Price History
Date
Event
Price
06/03/21
Sold
$13,000,000
06/14/17
Sold
$12,019,000
Condition Rating
Tear down
The property was built in 1970, making the existing structure over 50 years old. The MLS description explicitly states this is an 'opportunity to acquire and build a masterpiece estate' with 'plans just shy of 20,000 square feet' already obtained. The images provided are primarily architectural renderings of the proposed new construction, with only one aerial view showing the existing 1970s-era structure. This indicates that the value of this $38 million listing is based on the prime land and its redevelopment potential, not the current dwelling. The existing structure is implicitly considered to be demolished to make way for the new estate, aligning with the 'tear-down' criteria where the property's value is based solely on the land and its potential for redevelopment.
Pros & Cons
Pros
Unrivaled Location & Exclusivity: Situated in the highly coveted Beverly Hills 90210, at the end of a serene cul-de-sac, offering unparalleled privacy and prestige.
Rare, Expansive Double Lot: A substantial 1.6+ acre double lot provides an exceptional canvas for a grand estate, a rarity in this prime area.
Pre-Approved Masterpiece Development: All discretionary approvals for a nearly 20,000 sqft estate, designed by award-winning Noah Walker, have been painstakingly secured, saving years of development time and risk.
Breathtaking Panoramic Views: Perched above the city, the property boasts stunning panoramic views of city lights, the coastline, and the Pacific Ocean.
Exceptional Future Value Proposition: With a projected value of $100M+ upon completion, this represents a significant investment opportunity with high potential returns.
Cons
Substantial Capital Investment Required: The $38 million list price is just the entry point; significant additional capital (tens of millions) will be required for the projected $100M+ build-out.
Extensive Development Project: This is a land and plans acquisition, not a ready-to-occupy residence, requiring a buyer with the vision, resources, and patience for a multi-year, large-scale construction project.
Existing Structure is a Tear-Down: The 1970-built existing home is not the asset being sold; it's the land and approved plans. The cost and effort of demolition would be an initial step for the buyer.