I
n the heart of Beverly Hills, a tantalizing opportunity awaits for a deep-pocketed buyer willing to take on the challenge. A 1-acre hillside lot, once purchased in 2014 for $9.1 million, now boasts a price tag of $32 million – but there's a twist: no mansion exists yet.

    The property, touted as an "iconic estate in the making," is essentially a blank canvas. A foundation and perimeter walls are all that currently occupy the site, which was last listed in 2021 for nearly $10 million less. Despite its unfinished state, the lot has been fully prepped for construction, with grading and retaining walls in place.

    According to listing agent Justin Mandile of Sotheby's International Realty, the property is "fully prepped for construction," allowing a seamless transition for the next owner to build immediately. The plans, already approved by the city, outline a sprawling 13,600-square-foot residence featuring five bedrooms, eight bathrooms, and an opulent wellness center with spa, steam room, sauna, and indoor pool.

    Floor-to-ceiling windows will offer breathtaking views of Beverly Hills, downtown Los Angeles, and the Pacific Ocean. Mandile estimates that bringing this vision to life will cost at least $7 million, but he believes the investment could pay off, potentially reaching values of $60 million, $70 million, or even $80 million once completed.

    The property's size is a major selling point, as Mandile notes that "you can't get approval from the city anymore for a project of this size and height." For ultra-luxury buyers seeking a rare chance to create a custom megamansion in a prime location, this unfinished estate presents an unparalleled opportunity.