The Crazy Story of The $1 Billion Beverly Hills Property That Sold for $100,000

The Mountain is one of the most interesting luxury real estate stories in Los Angeles history. This coveted piece of land was originally acquired in the 1980s by a royal family, and 30 years later was being marketed for sale for a whopping $1 billion dollars. It eventually sold at auction for less than the cost of a Tesla Model S.

Located at the top of the most prestigious zip code in America (Beverly Hill, 90201), the Mountain is a 157-acre lot that’s big enough to fit the Disneyland and Disney California Adventure theme parks, with 1.5 million square feet of lots ready to be built upon. How did this billion dollar property ended up going for only $100K? Watch the video and find out.