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$7,395,000

Beds
3
Baths
3.5
sq ft
3,000

1124 Summit Dr, Beverly Hills, CA 90210

1124 Summit Dr

Beverly Hills, CA 90210

  • 149 days on market
    • Price drop $100,000↓
Great new price! ~ A newly rebuilt, gated contemporary smart home affords excellent frontage and curb appeal, tucked away in a prime section of Beverly Hills for the discerning modern buyer. An enormous backyard paradise can be constructed by extending the deck; plans are ready to be submitted for plan check and are included in the sale. Guests arrive to discover floating steps above a reflecting pool that lead to a smartly designed swivel front door. Inside, the open, flowing floor plan offers banks of Fleetwood doors that disappear to reveal lush pops of greenery and treetops beyond, all complemented by glossy white porcelain floors below and bright tray ceilings above. The living room is highlighted by a striking floor-to-ceiling bookmatched slab fireplace, while the oversized kitchen features sleek cabinetry, two large islands for entertaining, and state-of-the-art Miele appliances such as a steam oven, multiple cooktops including an induction cooktop, speed oven, built-in espresso, and chef-grade Sub-Zero refrigerator/freezer. A nearby bar has a dual-zone beverage cooler and a custom floor-to-ceiling wine cellar that is as functional as it is a conversation piece. The primary bedroom offers effortless transition to the sparkling pool, a double-door entry, walk-in closet, and spa-inspired en-suite bath. Secondary bedrooms are spacious, and bathrooms are fitted with smart bidet toilets. An elegant powder room adds some signature appeal to the residence. This smart home features full connectivity, surround sound, and top-of-the-line security system. Outside, there are multiple viewing decks, lounging spaces, a pool, spa, motor court, and grass to roam and play. Enjoy a fresh lifestyle from this entertainer's home located just moments to famed Rodeo Drive and all of the fine dining and shopping options the area provides, with coveted access to premier Beverly Hills schools and services.

Details

Property type

Single Family Residence

Est. home value

$8,684,017

Lot size

0.4349 acres

Price per sq ft

$2,465

Year built

1962

HOA

No

Price History

06/21/2024
CLAW

CLAW #24352151

Price change
$7,395,000
-1.33%
04/03/2024
CLAW

CLAW #24352151

Price change
$7,495,000
-6.25%
02/03/2024
CLAW

CLAW #24352151

Listed
$7,995,000
+219.8%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

City National Bank

Loan start date

May 2019

Original loan amount

$2,000,000

Est. remaining balance

Not provided

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

The Kambiz Pahlavan Family Trust and Kambiz Pahlavan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/01/2024 at 10:20 AM

Listing updated: 06/27/2024 at 2:53 PM

Listed by: Sally Forster Jones, Compass Phone #: (310) 230-5478

MLS: CLAW #24352151

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