✉news BusinessReal Estate first seen 1 d ago, last 1 d ago, peak #27
Beverlywood Home Sets Record for Priciest Teardown Sale
Original: A $6.52 Million Beverlywood Home on a Lavish Golf Course Just Set the Record for the Priciest Teardown Sale
A home in Los Angeles's Beverlywood neighborhood has sold for $6.52 million, setting a record as the priciest teardown sale in the area. The property sits on a lavish golf course, but the price reflects the land value rather than the structure, as the buyer is expected to demolish the existing home and rebuild. The sale highlights how land in desirable LA neighborhoods now commands multimillion-dollar prices even without a usable house.
Why now: The record-breaking price paid for a home intended for demolition captures attention in a hot Los Angeles real estate market.
Evidence
- A $6.52 Million Beverlywood Home on a Lavish Golf Course Just Set the Record for the Priciest Teardown Sale · Realtor.com
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