‘Most expensive residential property in the world’ selling for the GDP of small African nation

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It’s a slice of the Los Angeles skyline – a chance to secure uninterrupted 360 degree views – and it’s on the market.

The huge undeveloped piece of one of the wealthiest suburbs in America is up for sale, the price US$1 (A$1.35) billion – roughly equivalent to the GDP of small African nation Gambia.

“The Mountain”, sits atop the highest point in Beverly Hills – 90210.

It’s 157 acres, zoned to be split into six residential blocks, but a buyer could also take the whole thing for a ten-figure payment.

The block is big enough to fit a small town, Disneyland could squeeze into it twice over, and the closest neighbour is almost a kilometre away.

It has development approval for a 1.5 million square foot residential compound.

A huge undeveloped piece of one of the wealthiest suburbs in America is on sale for a staggering US$1 billion.

A huge undeveloped piece of one of the wealthiest suburbs in America is on sale for a staggering US$1 billion.

According to the property’s listing agent Aaron Kirman, it’s the most expensive parcel of residential property in the world.

“It really is the last amazing undeveloped property here,” Kirman said.

“You see everything in all of Los Angeles. There’s not one part of LA you don’t see, (it’s a) 360-degree view.

“We’ve had a lot of billionaires reach out to us and they have wanted to do massive gardens, amphitheatres. Pretty much whatever somebody wants to do, they can do.

“There’s 2850 billionaires in the world, and we figured 50 people would actually want to buy it, so we believe there are 50 people who want to buy this property, between 50 and 100.”

The pricey piece of dirt is relatively untouched, apart from a long driveway and security gates.

Gardeners are working overtime to keep the gardens manicured and the grass green during a long hot LA summer.

“What can you not do with this property? Acreage is abundant, privacy is abundant, you could really do whatever you want to do,” Mr Kirman said.

Outrageous prices are nothing new in LA, where keeping up with lifestyles of the rich and famous is almost a sport.

Last year, Kirman moved around half a billion dollars in property selling to the rich and super rich.

On why he was chosen to list this unique property, the “jewel in the crown” he calls it.

“I know a lot of the billionaires, and I have access to the right people,” he said.

“The Mountain”, sits atop the highest point in Beverly Hills – 90210.

“The Mountain”, sits atop the highest point in Beverly Hills – 90210.

The block is big enough to fit a small town, Disneyland could squeeze into it twice over, and the closest neighbour is almost a kilometre away.

The block is big enough to fit a small town, Disneyland could squeeze into it twice over, and the closest neighbour is almost a kilometre away.

As expected, “The Mountain” has passed through the hands of royalty and celebrity alike.

In the 1970s it was owned by a sister of the late shah of Iran, the Princess Shams Pahlavi, who had grand plans to build a lavish palace overlooking Beverly Hills.

It was later bought by talk show host Merv Griffin, who also envisaged a glassed-in mansion with a helipad and manmade lakes. It was never built.

Griffin sold the mountaintop in 1997 to Mark Hughes, the founder of Herbalife.

The current owner is Secured Capital Property, seeking to break all records with this sale.

The property is 157 acres, zoned to be split into six residential blocks, but a buyer could also take the whole thing for a ten-figure payment.

The property is 157 acres, zoned to be split into six residential blocks, but a buyer could also take the whole thing for a ten-figure payment.

Whatever the sale price, there is one clear winner from any transfer of this billion-dollar baby.

On an clip from “The Secret Lives of the Super Rich” Mr Kirman remarked a ten-figure deal would net him US$20 million in commission.

Today however, he’s being a little more coy.

“I’ve learned never count my commission before I get it, so we definitely don’t do that,” he said.

“But it would be a nice pay day for sure.”

© Nine Digital Pty Ltd 2018

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