Billionaire David Geffen Spends $30M on a One-Acre Lot in the 90210

Billionaire David Geffen Spends $30M on a One-Acre Lot in the 90210

Published: July 11, 2019 | By: American Luxury Staff

About three months after dropping $5 million on a classic midcentury modern home in Beverly Hills, entertainment-industry businessman and impresario David Geffen spent another $30 million on a one-acre lot in the fair city.

That’s the going rate for an empty acre on “Billionaires Row.” The highly sought-after 90210 neighborhood is located on a lush hillside offering views of the city and the Pacific Ocean.

The sale comes with an impressive 24,500-square-foot floorplan for a luxurious manse. If Geffen moves forward with the design, he’ll come home to a seven-bedroom, 15-bath home with plenty of amenities. The blueprint includes entertainment-friendly additions including a theater, a bowling alley, a nightclub, and a bar. Landscape plans call for a beautiful backyard complete with a 140-foot swimming pool.

The property was first listed for $39 million in May 2018, but was priced at $35.995 million prior to the sale.

   
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