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Old 03-28-2016, 07:10 PM
 
Location: South Park, San Diego
4,934 posts, read 7,589,851 times
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Quote:
Originally Posted by NOLA101 View Post
Not true. There is no recorded sale in Beverly Hills for anywhere close to $1 billion dollars.

The most expensive recorded sale in Southern CA was actually in LA, and was for $94 million.
He didn't say that piece of land sold, that is the list price of the property. I am aware of this property as well. It is unlikely to get that much but it certainly will go for well into the hundreds of millions of dollars. Heck, we have a couple of properties here in San Diego going for $50+million.

That being said property in areas that have far greater development potential- Manhattan, London, Honk Kong or even Mumbai are going to be far more expensive per square foot of land.
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Old 03-29-2016, 01:00 PM
 
Location: The Circle City. Sometimes NE of Bagdad.
18,549 posts, read 19,530,772 times
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The Vineyard.

The Beverly Hills 'Vineyard' that Brad Pitt couldn't afford | Daily Mail Online
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Old 02-24-2017, 08:59 AM
 
Location: Downtown Phoenix, AZ
18,928 posts, read 6,850,118 times
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Quote:
Originally Posted by David Aguilar View Post
A place without particularly expensive land.

Riverside/San Bernardino counties, typically south of the San Gabriel Mountains, southwest of the San Bernardino Mountains, and west of the San Jacinto Mountains. One can include the mountain communities, and the Victor Valley, but not always.
I consider what I consider the IE to be part of Greater LA.
My definition is Riverside County west of San Gorgonio Pass, San Bernardino County SW of the San Bernardino MTS, plus the cities of Hesperia, Victorville, Adelanto and Apple Valley in the desert.
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Old 02-24-2017, 09:11 AM
 
Location: Brooklyn, New York
3,735 posts, read 3,847,195 times
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Quote:
Originally Posted by allenk893 View Post
The most expensive piece of land in the U.S. and world right now is a vineyard in Beverly Hills aptly called The Vineyard. It's 157 acres of undeveloped hilltop off Benedict Canyon and selling for approximately 1 billion dollars.
That's not anywhere near the most expensive. As others mentioned, the most expensive land is in Manhattan. For example, the 0.7 acre piece of land on Park avenue (Billionaire's row) sold for almost half a billion in 2006.
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Old 02-24-2017, 10:09 AM
 
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Can you even imagine what 157 acres would sell for in Manhattan? That's a little over 1% of the total land in the borough.
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Old 02-25-2017, 10:28 PM
 
Location: DFW
6,795 posts, read 11,763,458 times
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Downtown San Francisco
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Old 02-26-2017, 08:01 AM
 
Location: North America
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Inglewood is expensive land in Los Angeles area. They are building the NFL stadium for over $2 billion dollars. Thats expensive for the land but they will have 2 teams play. San Diego and St Louis will share.
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Old 02-26-2017, 10:05 PM
 
2,545 posts, read 1,634,457 times
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Quote:
Originally Posted by kidphilly View Post
NYC is truly one of the very few real Alpha cities (not the category in the study meaning the say top 5 cities in the world). People re not selecting these places for weather but for what the city offers which is unmatched in the US


location and value are what they are, heck people pay millions on the Jersey shore for small lots in some towns


I find it strange that many people in CA reference the importance of weather. Honestly there are some amazing days weather wise in NYC, and some not o but the weather I not the reason its so expensive. Even in CA the coastal elite towns are driven by location moreso then by weather. If weather drove prices why is the inland empire so much cheaper etc


And to be honest and spending th4e majority on the EC (most in Philly with nearly identical weather to NYC by the day) I find summers many times to be more difficult to endure then winter though there are some nasty winter days. Honestly probably 300+ plus days a year the weather isn't tough to endure at all
Access to job and world-class entertainment, shopping, restaurants, etc.. determine the price.
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Old 02-26-2017, 10:37 PM
 
4,480 posts, read 2,661,399 times
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157 acres at a billion dollars? That's $146 per square foot...even in Seattle properties have gone for 10x that, and SF, NY, etc., would be multiples of our numbers. It's a big lot but apparently not slated for anything urban.

PS, I forgot to look at the second page here.
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Old 02-27-2017, 12:54 AM
 
Location: Fountain Square, Indianapolis
628 posts, read 758,048 times
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Quote:
Originally Posted by mhays25 View Post
157 acres at a billion dollars? That's $146 per square foot...even in Seattle properties have gone for 10x that, and SF, NY, etc., would be multiples of our numbers. It's a big lot but apparently not slated for anything urban.

PS, I forgot to look at the second page here.
This is undeveloped land they are taking about, not an apartment or house.
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