Listen to this articleNestled in the gated Beverly Park enclave, this 28,500 square foot residence offers 9 bedrooms and 22 bathrooms on a 2.68 acre lot. Built in 1995 and recently remodeled, it combines modern architecture with indoor-outdoor flow, city and ocean views, and resort-like grounds. The property emphasizes privacy, with a cobblestone drive, expansive lawns, an orchard, and an adjacent parcel available for expansion to about 4.5 acres total.
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73 Beverly Park Lane stands as a premier example of contemporary luxury real estate within one of Los Angeles’ most elite gated communities.
Key Features and Amenities: The estate includes a 5,000 square foot primary suite with dual bathrooms, a multi room closet, massage area, glam room, sauna, and private entrance. Other highlights encompass a state of the art theater, wine cellar, elevator, two kitchens (one commercial grade), wellness facilities, executive office, outdoor kitchen, 85 foot infinity pool, and spa. Parking accommodates multiple vehicles in an attached garage, with security enhanced by the community’s guard gated access.
Market Value and History: The current listing price is $79,990,000, down from an initial $89,900,000 in 2024, following a 2021 purchase for $28,500,000. Tax assessments place the value at around $22 million, while independent estimates hover near $71-72 million. Annual property taxes are approximately $265,000, with HOA fees at $6,216 monthly. The home’s history includes ownership by a Saudi prince, and its remodel positions it as a potential record setter in the neighborhood, though sales in similar ultra luxury properties often close below asking prices.
Location and Neighborhood Profile
Beverly Park, located in the hills above Beverly Hills but technically within the City of Los Angeles, is divided into North Beverly Park (64 homes on larger lots averaging over two acres) and South Beverly Park (16 homes). The community, developed in 1990, spans about 250 acres and features a four acre central children’s park, strict no photography policies, and round the clock security with guard gates and armed patrols. Homes here must be at least 5,000 square feet, blending architectural styles such as French chateaus, Tuscan villas, modernist designs, and Italianate estates. The mean household income exceeds $500,000, and the area is renowned for its discretion and appeal to high profile individuals.
Notable residents past and present include entertainers like Adele (who purchased a mansion for $58 million in 2022), Denzel Washington, Eddie Murphy, Sylvester Stallone (sold his property in 2022), Justin Bieber ($25.8 million purchase in 2023), Sofia Vergara ($26 million in 2023), Rod Stewart (listed for $70 million in 2023), Mark Wahlberg (sold for $55 million in 2023), Dwayne Johnson ($27.8 million in 2021), and others such as tech billionaires, sports figures like Barry Bonds, and international royals. The enclave’s resurgence in popularity stems from heightened demand for secure, private estates post pandemic, with many older homes (averaging 17,000 square feet originally, now often expanded to 25,000+ square feet) undergoing multimillion dollar renovations. Median list prices in Beverly Park over the past year reach $47.5 million, though the broader Beverly Crest area shows a buyer’s market with homes pending for about 98 days and selling 7% below list.
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Property Specifications and Design
The single family residence at 73 Beverly Park Ln occupies a 2.68 acre lot in North Beverly Park, with an APN of 4386-008-013. Built in 1995 and renovated in 2000, it underwent a significant remodel in recent years, expanding the backyard by 35% and incorporating high end finishes. The home measures approximately 28,500 square feet (public records list 26,072 finished square feet), with two stories, central heating and air conditioning, and zoning as LARE40.
Key structural elements include extensive glass walls for seamless indoor-outdoor integration, a ficus-lined cobblestone driveway, and verdant grounds designed for entertainment. The layout supports both intimate and large scale gatherings, with features like an 18 person formal dining room framed by floor to ceiling sliding doors. An adjacent parcel at 74 Beverly Park Ln, with approved plans for a 29,000 square foot home, is available separately, allowing for a combined 4.5 acre compound.
| Specification | Details |
| Bedrooms | 9 |
| Bathrooms | 22 (including 12 full and 10 half in some breakdowns) |
| Living Area | 28,500 sq ft |
| Lot Size | 2.68 acres (116,946 sq ft) |
| Year Built/Renovated | 1995 / 2000 (major recent remodel) |
| Parking | 4+ car attached garage, oversized, gated driveway |
| HOA Fees | $6,216/month |
| Views | City skyline, ocean, mountains, canyon |
| Pool/Spa | 85 foot zero edge infinity pool, in-ground spa |
| Additional | Elevator, wine cellar, outdoor kitchen, orchard of fruit trees |
The redesign was a collaboration between Harrison Design (architecture), Paradigm Developers (interiors with Mike Moser Studio), and landscape architect Andrea Scharff, who implemented a $1 million plan featuring mature olive trees and expansive lawns.
Interior and Exterior Amenities
Interiors emphasize dramatic scale with comfortable luxury, including a primary suite spanning nearly 5,000 square feet, equipped with dual bathrooms, a multi room closet, massage room, glam room/salon, dry sauna, and separate entrance for added privacy. Wellness amenities abound, with a steam sauna, salon, and health focused spaces. Entertainment options include a professional grade theater and wine cellar, while practical features comprise two kitchens (one secondary commercial grade for chefs), a sophisticated executive home office, and an elevator for accessibility.
Exterior highlights focus on livability, with numerous patios, an outdoor kitchen for al fresco dining, and grounds optimized for relaxation and events. The negative-edge lap pool and spa offer panoramic views, complemented by the pristine orchard and verdant landscaping that enhance the estate’s serenity.
Ownership and Sales History
The property was previously owned by Saudi Prince Turki bin Nasser, who sold it as part of a two-mansion compound (including 74 Beverly Park Ln) for $28,500,000 on April 8, 2021. A grant deed was recorded on September 14, 2022, possibly indicating a transfer or refinancing. Current ownership details are not publicly disclosed, but the estate was listed for sale in May 2024 at $89,900,000 by agents David Kramer and Andrew Buss of Hilton & Hyland/Compass, with a price reduction to $79,990,000 by December 2025. The 2021 purchase included razing the home at 74 to create an extended driveway for 73, positioning it as a blue chip asset.
| Date | Event | Price | Notes |
| 1995 | Built | N/A | Original construction |
| 04/08/2021 | Sold | $28,500,000 | From Prince Turki bin Nasser; arm’s length transaction including adjacent parcel |
| 09/14/2022 | Grant Deed | N/A | Recorded transfer |
| 05/2024 | Listed | $89,900,000 | Initial asking price |
| 12/2025 | Price Reduced | $79,990,000 | Current listing |
Title documents show assignments of trust deeds and financing statements, with permits filed for updates as recent as 2024.
Tax and Assessment Details
The assessed value for 2025-2026 is $22,081,614, with a total tax rate of 1.1874% yielding approximately $264,913 in annual taxes ($10 per square foot). Assessments have risen steadily, reflecting market appreciation and improvements.
| Year | Assessed Value | Property Tax | Year over Year Change |
| 2025-2026 | $22,081,614 | $262,197 | +0.95% |
| 2024-2025 | $21,648,642 | $259,719 | +2.03% |
| 2023-2024 | $21,224,160 | $254,563 | +4.97% |
| 2022-2023 | $20,808,000 | $242,517 | +46.74% |
| 2021-2022 | $14,063,157 | $165,270 | -1.06% |
Special assessments cover park districts, trauma services, and conservation efforts. Historical taxes date back to 2008, showing consistent increases aligned with property enhancements.
Independent estimates place the value at $71-72 million (Redfin: $71,388,528; Zillow Zestimate: $72,418,700), suggesting the listing allows room for negotiation in a market where ultra luxury homes often close below ask. The broader Beverly Hills median sale price is $3,375,000 (up 9.5% year over year), with a buyer’s market characterized by high inventory and low competition.
These transactions underscore Beverly Park’s status as a top-tier market, with 73’s potential sale poised to challenge records if it approaches its ask, though upgrades to older homes often require $10+ million investments. The property’s recent remodel and expansion options enhance its appeal amid growing demand for secure, turnkey estates.
As a remodeled modernist masterpiece in a celebrity favored enclave, 73 Beverly Park Ln exemplifies peak luxury with its scale, amenities, and privacy. Its market positioning reflects broader trends in high end real estate, where values are buoyed by exclusivity but tempered by economic factors. Prospective buyers should consider the substantial ongoing costs alongside the unparalleled lifestyle it offers.
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