Los Angeles

Beverly Hills Lot Sells For $32M After Steep Price Cut

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Published on May 02, 2026
Beverly Hills Lot Sells For $32M After Steep Price CutSource: Google Maps

The Beverly Hills hilltop lot marketed as The Peak has finally traded hands, closing this week for about $31.8 million after a bruising journey down from its original $65 million ask in 2022. The roughly 2.7‑acre spread sits atop North Alpine Drive with sweeping city‑to‑ocean views and comes with a pine forest, a meadow and its own private tennis court.

Deal details

Public records show the property closed on April 28 for $31,750,000 after a series of price cuts and relists, according to Redfin. The MLS history in the listing record tracks the slide from a $65 million list price in 2022 to a series of asks in the high‑$30 millions before the April deal finally came together.

What’s on the lot

The Peak at 1005 North Alpine Drive covers about 2.7 acres and was marketed with SAOTA‑designed plans for a roughly 20,000‑square‑foot megamansion, along with the mature landscaping already on site, as reported by The Real Deal. Records identify the seller as a trust linked to Alan Roberts. The listing was handled by Drew Fenton of Carolwood Estates, while Brian Schlesinger of Christie’s represented the buyer; both agents declined to comment, according to The Real Deal.

Where it lands in the market

Even with the deep discount from the original ask, the sale still ranks among Beverly Hills’ priciest residential closings so far this year. Redfin data shows a $47 million off‑market deal at 1111 Calle Vista Drive in March among the other high‑end trades in the area. The North Alpine Drive stretch in particular has become a magnet for trophy listings and teardown purchases by buyers looking for large, buildable sites.

Comparables and context

Recent activity on Alpine Drive helps put the final price in perspective. Nearby closings include $33 million at 984 North Alpine Drive and $51.8 million at 942 North Alpine Drive, underscoring how lot size, development potential and big views still command premiums even when list prices wobble, according to The Real Deal. The inclusion of SAOTA concept drawings with the sale could help the new owner move more quickly toward entitlements, although any major build will still have to clear the usual city review process.

Whether the buyer moves ahead with a full‑scale megamansion or simply treats the grounds as a private hilltop retreat is unknown for now. What the sale does make clear is that even the most rarefied pockets of 90210 have to meet the market. North Alpine Drive will likely remain a quiet stage for big‑ticket, under‑the‑radar deals and strategic entitlement plays.