Luxury Real Esate inBeverly Hills
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Introduction to Beverly Hills
Beverly Hills, CA has come to be synonymous with wealth and power, conjuring images of palm tree-lined roads, upscale boutiques, and lavish mansions behind massive gates. It may be America’s most famous zip code, but it’s also one of the most misunderstood. Look beyond the glitz and glamour, and you’ll find a small and tight-knit community spanning just 5.71 square miles. The city is home to over 35,000 residents (as of 2020 U.S. Census estimates), many of whom have been here for generations.
Bordered by West Hollywood to the east, Franklin Canyon Park and Santa Monica Mountains National Recreational Area to the north, Los Angeles Country Club to the west, and Hillcrest Country Club to the south, the city is located roughly nine miles from Los Angeles.
The city is accessible via these roads and freeways:
- U.S. Route 101
- I-405/San Diego Freeway
- Glendale Freeway
The nearest major airport is Los Angeles International Airport (LAX), which is roughly 10 miles away from the city.
For more information about Beverly Hills, CA, reach to Joyce Rey, a local expert and luxury real estate specialist. Joyce would be happy to introduce you to this wonderful community.
Beverly Hills Luxury Real Estate
Every square inch of this city is jam-packed with luxury real estate, whether commercial or residential. What it lacks in size, it more than makes up for in value. For a small city, Beverly Hills, CA has some of the most expensive real estate in the world and these properties retain their value fairly well.
Beverly Hills Real Estate
When buying and selling luxury real estate in this city, one must keep two things in mind: Discretion and representation.
For all its elegant simplicity, Beverly Hills, CA is home to high net worth individuals with privacy and safety concerns. Luxury properties aren’t just high-appreciation assets – these are homes containing private lives and hordes of art, furniture, jewelry, flatware, and other valuable collections.
That’s why it’s important to observe utmost discretion when buying or selling luxury homes in Beverly Hills, CA.
Representation is another important aspect of the buying and selling process in this city. Luxury properties command high prices, and with so much at stake, it’s worth hiring a professional who can execute transactions and prevent delays.
Working with a local expert who is deeply entrenched in the community is a major advantage. A well-connected agent will get your foot through the door in this exclusive market, which is particularly helpful if you’re new to Beverly Hills, CA. They can also provide access to off-market listings that match your criteria.
Exclusivity and high demand for luxury properties means that inventory is tight. Despite the limited number of homes, you won’t want for quality in terms of location, neighborhood, square footage, architectural integrity, features, provenance, and more.
Builders spare no expense on home construction in Beverly Hills. The city certainly lives up to its reputation as a playground for the rich and the famous. Luxury homes typically have spacious backyards, glistening pools, outdoor fire pits, home offices, multiple-car garages, wine cellars, private gyms, ball courts, and more.
Because of tight inventory and sellers’ need for privacy, many sellers and their agents prefer listing their homes off-market, which means that the most desirable properties don’t appear on the multiple listing services (MLS) and other public portals.
To gain access to these listings, buyers must approach Beverly Hills agents or homeowners directly. There are many advantages to off-market listings, such as getting access to additional inventory, high-profile properties, and less competition in the most desirable areas.
Top-tier buyers are willing to pay a premium for Beverly Hills Luxury Real Estate for the following reasons:
- Excellent school system
- Outstanding police department
- Beautiful and historic neighborhoods
- World-class restaurants
- Upscale shopping
- Small-city living
Features of Beverly Hills Homes
Beverly Hills, CA offers an exclusive selection of single-family homes, townhomes, and condos. Prevalent architectural include:
- Spanish Revival
- Cape Cod
Most homes come with outdoor pools, multi-car garages, outdoor patios, and gardens, offering plenty of recreational opportunities right in your own backyard.
Some of the larger properties in the city also have tennis courts, basketball courts, and private theaters. No matter your lifestyle and hobbies, you’ll surely find a home that accommodates your needs.
Some of the most sought after residential pockets include:
- North of Sunset Boulevard
- The Flats
- Trousdale Estates
Choosing which part of the city to live in is a matter of taste and preference – for instance, The Flats bring residents close to the high-end shops and restaurants of the Golden Triangle while Trousdale Estates offers a quiet and peaceful environment.
Living in Beverly Hills
The Beverly Hills lifestyle is highly coveted, not just because of upscale shopping and dining, but also because of the quality of life residents enjoy.
The city is served by the Beverly Hills Unified School District (BHUSD). Residents send their children to the following schools:
- Beverly Vista Middle School
- Beverly Hills High School
- Moreno Continuation High School
- Horace Mann
- El Rodeo
- Independent Learning Center
Residents are served by the Metropolitan Transit Authority (MTA) buses, which carry passengers through the following routes:
- Robert Way
- Doheny Drive
- Wilshire Boulevard
- Sunset Boulevard
- Robertson Boulevard
- Beverly Boulevard
- Olympic Boulevard
- San Vicente Boulevard
- La Cienega Boulevard
- Santa Monica Boulevard
Beverly Hills, CA also has a subsidized transportation program and complimentary Dial-A-Ride shuttle service for seniors and differently-abled residents. Those who want to skip public transport and use their own bikes will appreciate the Bike Share program, with bike racks across various locations across the city.
Cost of living in Beverly Hills, CA
According to Salary.com, the cost of living in Beverly Hills, CA is 41.1% higher than the national average as of 2020, up 3.2% from the previous year. The increase in the cost of living was most evident in the areas of housing, food, and transportation.
PayScale provides a bigger estimate, with the cost of living reportedly 151% higher than the rest of the nation based on real estate data and the average salary in the area.
This should be of no concern to top-tier buyers. Beverly Hills, CA attracts high-net worth professionals and entrepreneurs who work in media, sports, accounting, and legal services.
Life in Beverly Hills
The coveted Beverly Hills lifestyle is relaxed, elegant, and effortless. Here’s what you need to know about daily life and leisure in the city.
Parks and Recreation
Residents have access to clean and well-maintained green spaces, including:
- Beverly Gardens Park
- Virginia Robinson Gardens
- Greystone Mansion & Gardens
The sunny year-round weather and the fresh, clean air encourage outdoor activities and physical exercise among residents.
Diners can choose from a wonderful selection of award-winning restaurants that serve Greek, Italian, Japanese, Vietnamese, and New American cuisine, just to name a few.
The food scene is known for a high concentration of celebrity chef-owned restaurants on the West Coast, including Maude by Curtis Stone and Spago by Wolfgang Puck.
Aside from the established names in fine dining, residents also have access to yet-undiscovered Beverly Hills restaurants and mom-and-pop eateries.
Beverly Hills is a famed shopping destination, with high-end brands like Balenciaga, Marc Jacobs, Isabel Marant, and Diane Von Furstenberg offering the latest in fashion.
- Rodeo Drive
- Melrose Avenue
- South Beverly Drive
You’ll also find an eclectic mix of independent fashion brands and locally owned boutiques in Beverly Hills, CA.
Park and Recreation
Some of Beverly Hills’ most famous landmarks include:
- Rodeo Drive
- Melrose Avenue
- Beverly Hills Hotel
- Stahl House
- Schindler House
As one of the most trusted names in luxury real estate, Joyce Rey has amassed 4.5 billion in closed sales over the decades. A media darling, Joyce has earned the monikers “Billionaire’s Broker” and “Grand Dame of Real Estate”. She also landed a coveted spot “The Los Angeles 500 Most Influential People”.
The secret to her success is bespoke service and unwavering professionalism. Her knowledge of luxury properties in Beverly Hills, CA and other in-demand markets is simply unparalleled.