A spec home in Beverly Hills Post Office has hit the market for $29.5 million, more than eight years after the developer, Yosef Dangor, bought the property.
Josh Flagg at Compass is listing the home at 9705 Oak Pass Road for sale, according to an announcement from the brokerage.
The seven-bedroom, 8,800-square-foot home was designed by Noah Walker, an L.A.-area architect famous for designing some of the county’s costliest homes. The contemporary-style “architectural masterpiece” is located in a gated community, according to listing notes.
An entity tied to Dangor bought the property for $3 million in 2016, records show, and scored an $8 million loan from Anchor Loans in Westlake Village on the site last year.
Beverly Hills Post Office, though the area shares the same famous 90210 zip code with the city of Beverly Hills, technically lies in the city of Los Angeles. That means Dangor will have to shell out a 5.5 percent transfer tax if the property sells for $10 million or more.
The property is flush with amenities — a Himalayan salt sauna, pool, spa, outdoor kitchen, fire pit, steam showers, movie theater and gym.
The listing discloses a 2 percent buyer’s agent fee, though it’s subject to negotiation.
Flagg, who stars on Bravo’s “Million Dollar Listing L.A.,” jumped to Compass from Douglas Elliman last month. The listing marks one of his first deals under the Compass brand.
The post Spec home developer lists Beverly Hills PO manse for $29.5M appeared first on The Real Deal.
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