NOT LISTED FOR SALE

1251 Lago Vista Dr Beverly Hills, CA 90210

Estimated Value: $8,223,000 - $14,227,443

6 Beds
7 Baths
7,601 Sq Ft
$1,477/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $15,200,000 $2,000 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $71,337/month

104 Days on Market

Highlights

  • Heated In Ground Pool
  • City View
  • Maid or Guest Quarters
  • Beverly Hills High School Rated A
  • 0.77 Acre Lot
  • Fireplace in Primary Bedroom

About This Home

As of May 2024

Live the Montecito dream in prime Beverly Hills at this exquisite, gated, and ultra-private compound in one of the most prestigious enclaves. Set on nearly an acre lot with views this just completely renovated 6BD 7BA estate offers the most sophisticated taste with stunning finishes including herringbone natural oak floors. Formal living room with custom fireplace, a light-filled family room with coffered ceilings, and formal dining room all have French doors that open onto the veranda to enjoy seamless indoor/outdoor living. The second level offers a spacious primary suite with separate sitting area, walk-in closet, and a private balcony with views. This home offers the latest and greatest amenities including an oversized yard, swimming pool, Pickleball court, and more. Perfect family home with an attached guest house and separate entrance. The garage has parking for 3 cars and an oversized motor court that is gated for the ultimate privacy. Set above the former estate of Ryan Seacrest, which recently sold for $51 million. This couldn't be a better investment. Act quick, homes like this do not come up often.

Last Agent to Sell the Property

Trevor Wright

The Beverly Hills Estates License #02042934 Listed on: 02/02/2024

The Beverly Hills Estates

Co-Listed By

Branden Williams

The Beverly Hills Estates License #01774287

Last Buyer's Agent

Nina Hunt

Simco Enterprises Inc License #02014777

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 0.77 Acre Lot
  • Lot Dimensions are 227x150
  • Property is zoned BHR1*

Home Design

  • Villa

Interior Spaces

  • 7,601 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Entryway
  • Family Room with Fireplace
  • 4 Fireplaces
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • City Views
  • Laundry Room

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Maid or Guest Quarters
  • 7 Full Bathrooms

Parking

  • 3 Car Attached Garage
  • Circular Driveway
  • Auto Driveway Gate
  • Controlled Entrance

Outdoor Features

  • Heated In Ground Pool
  • Covered Patio or Porch
  • Fire Pit
  • Outdoor Grill

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4350-019-012

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0.77 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Villa
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 7601
  • Lot Acreage: 0.7741
  • Lot Dimensions: 227x150
  • Stories: 2
  • Year Built: 1948
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom, Family Room, Fire Pit
  • Flooring: Mixed, Hardwood, Stone, Tile
  • Bedrooms: 6
  • Fireplaces: 4
  • Full Bathroom: 7
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Total Bathrooms: 7.00
  • Equipment: Barbeque, Built-Ins, Dishwasher, Garbage Disposal, Refrigerator, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 2091.83

Exterior Features

  • Other Structures: None
  • Pool Description: Heated, Private
  • Pool: Yes
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Attached, Circular Driveway, Controlled Entrance, Garage - 3 Car, Driveway Gate
  • Total Parking: 8

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4350-019-012
  • Lot Size Area: 33729

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2024
Closed on
May 10, 2024
Sold by
1251 Lago Vista Llc
Bought by
Hhl Cali Abode Llc
Seller's Agent
Trevor Wright
The Beverly Hills Estates
Buyer's Agent
Nina Hunt
Simco Enterprises Inc
List Price
$15,900,000
Sold Price
$15,200,000
Premium/Discount to List
-$700,000
-4.4%
Views
280
Current Estimated Value
$11,225,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,974,778
Avg. Annual Appreciation
-15.19%
Original Mortgage
$10,640,000
Outstanding Balance
$9,535,195
Interest Rate
6.82%
Mortgage Type
Balloon
Estimated Equity
$1,690,027

Purchase Details

Listed on
Apr 15, 2019
Closed on
Jul 9, 2019
Sold by
Image Finance Llc
Bought by
Walske Steven C and Walske Jennifer M
Seller's Agent
Marci Holliday
Douglas Elliman
Buyer's Agent
Farah Levi
The Agency
List Price
$10,200,000
Sold Price
$10,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.59%
Original Mortgage
$5,000,000
Interest Rate
3.1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 8, 2019
Sold by
Ashbee Richard and Ashbee Diane
Bought by
Image Finance Llc

Purchase Details

Closed on
May 17, 2017
Sold by
Ashbee Richard Laurence and Ashbee Diane Ford
Bought by
West H & A Llc

Purchase Details

Closed on
Jun 13, 2006
Sold by
Lushing Ronald S and The Ronald S Lushing Trust
Bought by
Ashbee Richard and Ashbee Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,950,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 1999
Sold by
Fig Lago Vista Corp
Bought by
Lushing Ronald S and Ronald S Lushing Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.5%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hhl Cali Abode Llc $15,200,000 Lawyers Title Company
Walske Steven C $10,200,000 Provident Title Company
Image Finance Llc $2,787,865 Provident Title
West H & A Llc $95,347 None Available
Ashbee Richard -- Chicago Title Co
Lushing Ronald S -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hhl Cali Abode Llc $10,640,000
Previous Owner Walske Steven C $5,000,000
Previous Owner Ashbee Richard $5,950,000
Previous Owner Lushing Ronald S $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2024 05/17/24 Sold $15,200,000 -4.4% $2,000 / Sq Ft
05/16/2024 05/16/24 Pending -- -- --
02/02/2024 02/02/24 For Sale $15,900,000 +32.5% $2,092 / Sq Ft
12/14/2022 12/14/22 Sold $12,000,000 -7.7% $1,579 / Sq Ft View Prior Sale
11/03/2022 11/03/22 Pending -- -- --
09/15/2022 09/15/22 For Sale $12,995,000 +27.4% $1,710 / Sq Ft
07/15/2019 07/15/19 Sold $10,200,000 0.0% $1,342 / Sq Ft View Prior Sale
05/20/2019 05/20/19 Pending -- -- --
04/15/2019 04/15/19 For Sale $10,200,000 -- $1,342 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $147,487 $15,504,000 $12,444,000 $3,060,000
2024 $147,487 $12,240,000 $9,792,000 $2,448,000
2023 $144,811 $12,000,000 $9,600,000 $2,400,000
2022 $125,665 $10,511,783 $7,201,396 $3,310,387
2021 $122,025 $10,305,671 $7,060,193 $3,245,478
2019 $125,512 $10,587,470 $7,806,809 $2,780,661
2018 $148,150 $12,750,000 $8,980,896 $3,769,104
2016 $115,919 $9,976,813 $7,356,532 $2,620,281
2015 $110,948 $9,826,953 $7,246,031 $2,580,922
2014 $107,196 $9,634,458 $7,104,092 $2,530,366
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-354531

The MLS

APN: 4350-019-012

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