It’s the type of location moguls dream of: 120 acres of undeveloped land in one of L.A.’s ritziest pockets. And it’s now for sale at $150 million.
Owned by billionaire and Microsoft Corp. co-founder Paul Allen, the sprawling Beverly Crest property is one of the largest undeveloped sites remaining on the Westside.
Over-the-top dollar figures are often bandied about more as attention getters than as a bar for realistic value. But estates of this magnitude are a rarity in L.A., and a prized chip in a high-end market where affluent individuals put a premium on personal and private space.
The multi-parcel property crests a hilltop between Beverly Glen and South Beverly Park...