Luxury Beverly Hills Home Sells for $3.7 Million

A 3,607 square foot single-family home in Beverly Hills was sold for $3.7 million.

By on Aug 1, 2023
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Luxury Beverly Hills Home Sells for $3.7 Million

In a recent deal that has caught the attention of the real estate market, a luxury single-family home in Beverly Hills has been sold for 3.7 million. The property, located at 2701 Ellison Drive, spans 3,607 square feet and was listed by Shawn Shirdel and Tyler Neale of Sotheby's International Realty. The sale price equates to approximately 1,026 per square foot, reflecting the high demand for luxury homes in the prestigious Beverly Hills market.

Beverly Hills is known for its exclusive neighborhoods and luxurious properties, attracting high-net-worth individuals and celebrities. The city’s prime location, close proximity to Los Angeles, and reputation for luxury living make it a highly desirable market for real estate investors.

The single-family home at 2701 Ellison Drive is a prime example of the luxury properties available in Beverly Hills. The property features a spacious layout with 3,607 square feet of living space, providing ample room for comfortable living. The interior boasts high-end finishes and modern amenities, catering to the discerning tastes of luxury homebuyers.

Shawn Shirdel and Tyler Neale, both experienced real estate brokers at Sotheby’s International Realty, successfully marketed and sold the property. Their expertise in the Beverly Hills market and their extensive network of high-net-worth clients played a crucial role in securing the sale.

The buyer of the property, whose identity has not been disclosed, recognized the value and potential of owning a luxury home in Beverly Hills. The purchase of this property not only provides a prestigious address but also offers the opportunity for future appreciation and a high-quality lifestyle.

The seller, on the other hand, has successfully capitalized on the strong demand for luxury homes in Beverly Hills. The sale of the property at $3.7 million represents a significant return on investment and highlights the robust real estate market in the area.

This transaction serves as a testament to the resilience and desirability of the luxury real estate market in Beverly Hills. Despite economic uncertainties, the demand for high-end properties remains strong, attracting both domestic and international buyers.

As the real estate market continues to evolve, luxury properties in prime locations like Beverly Hills are expected to maintain their value and desirability. The allure of the Beverly Hills lifestyle, coupled with the exclusivity of the area, ensures that the market will remain attractive to high-net-worth individuals and investors.

In conclusion, the sale of the luxury single-family home at 2701 Ellison Drive in Beverly Hills for 3.7 million showcases the strength and appeal of the city's real estate market. The property's sale price of approximately 1,026 per square foot reflects the high demand for luxury homes in the prestigious Beverly Hills market. With its prime location, luxurious amenities, and reputation for luxury living, Beverly Hills continues to be a sought-after destination for high-net-worth individuals and investors.