A Los Angeles property in Beverlywood has been bought in an off-market transaction, and at $6.52 million, it has set the file for the costliest dwelling to be bought with plans to be torn down within the upscale neighborhood.
The dwelling is definitely in a coveted location, perched immediately on the Hillcrest Nation Membership—a personal membership with an 18-hole golf course that has attracted superstar members for greater than a century.
Based on City and Nation Journal, the membership’s initiation price is a reported $185,000. Comic Adam Sandler, singer-songwriter Neil Diamond, and Paramount co-founder Adolph Zukor are among the many Hillcrest’s most notable members.
The house at the moment standing at 1807 Roxbury Drive is a three-bedroom, 3.5-bathroom abode spanning 2,874 sq. toes. It was inbuilt 1953.
Based on Micah Hiller of Prime Rock Realty, who represented the customer of 1807 Roxbury Drive, the brand new residents want to construct a brand new home with a luxurious development firm referred to as Drexel Luxurious Properties. They’d like a house with a a lot bigger footprint.
The lot itself is 8,660 sq. toes, and Hiller estimates the consumers will have the ability to construct a house that’s “at the very least” 4,500 sq. toes and not using a basement. Ought to they resolve so as to add a decrease floor ground, they’d probably have the ability to add a further 2,000 or 3,000 sq. toes.
“That is the very best land-value sale in Beverlywood’s historical past and the neighborhood’s second-highest residential sale general,” Hiller tells Realtor.com®. “The one increased vendor was a just lately constructed, three-story dwelling on Duxbury Circle that bought for $8 million.”
Hiller explains that Beverlywood has develop into a extremely sought-after enclave, which, “regardless of the present market, continues to point out unimaginable power.”
“From what I’m seeing, demand for the neighborhood has solely grown, and in some methods, it has develop into much more fascinating than Beverly Hills,” he continues. “Consumers admire the neighborhood, location, and alternative to create a house right here.”
Beverlywood has seen some year-over-year softness within the housing market with the median itemizing value, value per sq. foot, and median days in the marketplace all exhibiting decreases from this time final 12 months, in response to Realtor.com knowledge.
Nonetheless, every of those metrics is outperforming nationwide stats. In Beverlywood, the common itemizing is slightly below $2.4 million, whereas that quantity is slightly below $420,000 for the nation as an entire.
Properties right here additionally spend lower than half the time in the marketplace than they do nationwide, with Beverlywood listings being snapped up in a mean of 29 days. The U.S. median is 61.
For the Los Angeles neighborhood, this quantity is down 21.62% 12 months over 12 months, signaling quicker turnover and a extra aggressive surroundings for sellers.
As of October 2026, Beverlywood had a formidable sale-to-list value ratio of 99%, indicating a powerful vendor’s marketplace for this fascinating spot. There are additionally fewer alternatives for a purchaser to seek out precisely what they’re in search of, as there are solely a dozen energetic listings on the market.
Beverlywood is just not the one nook of the nation with a aggressive market setting information.
In Provincetown, MA—the place the worth per sq. foot is six instances the nationwide median—the file for most-expensive condominium bought was damaged twice in a two-week interval.
Thomas Andrews of Gibson Sotheby’s Worldwide Realty, who was the itemizing agent on each expensive transactions, stated the colourful neighborhood is the rationale the native market is so coveted—which is kind of just like what Hiller says of Beverlywood.
“Provincetown is such a magical place. You’ve gotten your Martha’s Winery, you might have your Nantucket, however there’s a lot soul within the artistic arts in Provincetown that simply makes it tremendous vibrant and tremendous sought-after,” he stated.
Realtor.com senior economist Hannah Jones explains that the city has successfully reached its restrict for brand new housing, which creates a tense battle for anybody who desires to discover a dwelling there.
“Provincetown sits on the very tip of Cape Cod, which implies there’s primarily no more room to construct,” she explains. “The housing inventory is subsequently comparatively fastened, and any new provide has to return off from redevelopment or small-scale infill, each of which are usually costly and troublesome to drag off.”
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