Real Estate

A look inside a $65 million Beverly Hills mansion

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The mansion at 1108 Wallace Ridge in Beverly Hills, California is 18,000 square feet and unfolds over two levels.

Mark Angeles

It took six years for this $65 million megahome to rise up on a ridge in Los Angeles.

Back in 2014, an outdated mansion sat on the half-acre lot at 1108 Wallace Ridge. It was on the market with an asking price of $18 million. Like many of the potential buyers who saw the Beverly Hills listing, developer Michael Chen loved the site, but he saw no value in the 6,300-square-foot house on the property. 

“It was a tear-down,” Chen said.

Nonetheless, the developer and his investor were drawn to it. The property is in the exclusive Trousdale Estates section of the 90210…



Source cnbc.com

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