Listed for $1 billion, The Mountain of Beverly Hills is officially the most expensive property in the history of Los Angeles (if not the world). Let that soak in. Yes, billion with a “b”—as in Bezos, Buffett and Bloomberg.
If you’re super rich, audacious and aroused enough to place the winning bid, bring your glamping gear. That jaw-dropping price tag is just for the panoramic tract of semi-developed land overlooking Los Angeles.
But what a small inconvenience compared to what you are getting—the most exclusive promontory real estate in the USA. One-of-a-kind, The Mountain spans a stupefying 157 acres (nearly twice the size of Disneyland), with an über private road that serpentines skyward toward 90210’s largest and loftiest peak, a summit best admired by helicopter.
That view is like virtually dropping Disneyland onto Mount Baldy (L.A.’s highest peak), where you’re the only guest at the park (no cars, tourists, hikers or Mickey Mouse).
Michael Jordan is auctioning off his compound in a Chicago suburb that was last on the market for $21 million. 7 acres of land
documentary on the world’s largest shopping mall in Dubai
Facebook founder Mark Zuckerberg paid top dollar — more than $30 million in total — for the four residential properties located next door and behind his Palo Alto home.
Zuckerberg is one of several prominent tech CEOs who own homes on Palo Alto’s tree-lined streets. Yahoo’s (YHOO) Marissa Mayer and Google’s (GOOG) Larry Page live there, as did the late Apple (AAPL) chief Steve Jobs.
Zuckerberg, who rented for many years, reportedly paid $7 million two years ago for the 5,000-square-foot home in Palo Alto’s Crescent Park neighborhood where he lives with his wife, physician Priscilla Chan. Zuckerberg, whose personal fortune is estimated at $19 billion, also owns a home in San Francisco.
The city of Detroit will receive more than half of $100 million in newly allocated federal funds to tear down dilapidated structures.
The city riddled with thousands of abandoned buildings will begin demolishing some of them later this month with the help of $52.2 million in federal money
Fannie Mae, the nation’s largest mortgage finance company, saw its second-quarter profit nearly doubled to $10.1 billion. The company said it has now repaid about $95 billion of the federal bailout money it has received. Source: USA TODAY