1022 Summit Drive
Beverly Hills, CA, 90210
$11,250,000
MLS: 26641795
Beds
6
Baths
7
Sq Ft
7,134
Lot
0.74 ac
Year Built
1970
MLS #
26641795
Days on Market
69
Listed
Jan 23, 2026
Description
NEW PRICE AND NEW DEAL MECHANICS! CONVENTIONAL/STANDARD CLOSE OF ESCROW AND DELIVERY OF POSSESSION. PROPERTY TO BE DELIVERED VACANT WITH MINIMAL LEASE-BACK NEEDED UPON COE. 1022 Summit Drive presents a rare and exceptional Remodel or development opportunity in one of Beverly Hills' most prestigious neighborhoods, Beverly Hills Gateway. First time on the market! This 0.74-acre (approximately 32,234 sq. ft.) parcel, originally designed by famed architect William S. Beckett, with a very cool existing mid-century swank and vibe of approx. 7,134 sq. ft. built in 1970. Offers a prime canvas for reinvention, restoration, or recreation, creating a luxurious estate in the heart of the iconic 90210 proper. With 6 bedrooms and 7 bathrooms, the existing structure could be brought back right back to its iconic era because of it's open concept structural design, ultra high ceilings, floor to ceiling glass, tones of light and ideal floor plan already fulfilling current market demands, or the expansive lot could support a new, custom-designed masterpiece tailored to the discerning tastes of Beverly Hills' elite in one of the most coveted, world-renowned locations. The property's generous size and prime location make it ideal for developers or visionary owner/users seeking to craft a trophy estate with unparalleled privacy and sophistication on arguably one of the most coveted streets in Beverly Hills.
Location
Beverly Hills, Los Angeles County, CA 90210
Open on Google Maps ↗Listed by: Timothy Di Prizito · Christie's International Real Estate SoCal
Payment estimate
$78,447
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $1,125,000 · Loan: $10,125,000
- Principal & Interest
- $62,210
- Property tax (1.25%)
- $11,719
- Homeowners insurance
- $300
- Mortgage insurance
- $4,219
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Beverly Hills home with as little as 3.5% down using an FHA loan — roughly $393,750 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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