1551 Summitridge Drive
Beverly Hills, CA, 90210
$1,195,000
MLS: 26656901
Beds
3
Baths
3
Sq Ft
2,700
Lot
0.22 ac
Year Built
2026
MLS #
26656901
Days on Market
33
Listed
Feb 26, 2026
Description
Perched high above the city in prime Beverly Hills, 1551 Summitridge Dr presents a rare opportunity to build a luxury view estate with sweeping city light to ocean views. Architectural plans are complete and ready to be issued for a newly designed approximately 2,700 sq ft contemporary luxury residence featuring 3 bedrooms. The design maximizes the panoramic views with expansive walls of glass, open-concept living spaces, and seamless indoor-outdoor flow tailored to the Beverly Hills hillside lifestyle. The scale is intentional, delivering a refined, high-end home without the inefficiencies of an oversized spec build. This is an ideal project for a developer seeking strong view-driven resale appeal or an end user who wants to fast-track construction with completed plans in place. Significant time and soft costs have already been absorbed in the planning process. Plans included in the sale and available upon request. The existing residence is a teardown and is being sold strictly for land value. Buyer to demolish at buyer's expense. According to LADBS records, the property is subject to an Order to Comply related to building height and side yard setback requirements. RTI plans have been prepared to address these issues and allow a buyer to move forward with a revised project. SELLER IS OPEN TO FINANCING!
Location
Beverly Hills, Los Angeles County, CA 90210
Open on Google Maps ↗Listed by: Shawn S. Kormondy · Keller Williams Beverly Hills
Payment estimate
$8,601
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $119,500 · Loan: $1,075,500
- Principal & Interest
- $6,608
- Property tax (1.25%)
- $1,245
- Homeowners insurance
- $300
- Mortgage insurance
- $448
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 $41,825 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.
Local Market Stats
See Beverly Hills, CA 90210 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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