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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!
Listing agent: Shawn S. Kormondy DRE #01451888 skor@SkorREG.com, Listing office: Keller Williams Beverly Hills
MLS data updated 10/27/2026, 10:40:27 AM PT
Source: CRMLS, MLS #: 26656901
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jul 10, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$600,000Closed sale · Jul 10, 2026ZIP 90210 · Jul 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.