Beverly Park, Los Angeles
Beverly Park, also refered to as North Beverly Park, is a private, gated community located in the hills above Los Angeles, California. The very wealthy neighborhood is known for its concentration of exceptionally large homes, averaging 20,000-30,000 square feet and famous residents. The neighborhood residents abide by a 70-page homeowners' covenant that includes a minimum building size: "No dwelling shall be constructed or maintained on any residential lot which has a floor area less than 5,000 square feet."
Began in 1990, the 250-acre community was built by Los Angeles-developers Brian Adler and a partner using land that was originally intended to be a golf course named after Dean Martin. It originally contained 64 two-acre lots, a 4-acre landscaped park and over 100 acres of open space; a number of adjacent lots have been purchased and combined for larger estates. The vacant lots originally sold for for $3.5 million to $6 million each, but the prices have since increased. The price of complete homes is on average above $10 million.
The neighborhood's main artery located just south of Mulholland Drive, north of San Ysidro Drive, west of Coldwater Canyon Drive and east of the Beverly Glen neighborhood. Located in the 90210 ZIP code, the neighborhood in considered a part of Beverly Hills.
Because of its seclusion and security, includind security cameras and constant patrols by guards, the neighborhood is popular among wealthy celebrities and business executives. The residents of Beverly Park have included Avi Arad, Barry Bonds, Magic Johnson, Martin Lawrence, Reba McEntire, Mike Medavoy, Eddie Murphy, Sumner Redstone, Haim Saban, Sylvester Stallone, Rod Stewart, Steven Udvar-Hazy, Denzel Washington, and Richard Zanuck.
References
- Sharon Waxman, Paradise Bought in Los Angeles, The New York Times, July 2, 2006, accessed July 5, 2006.
- Eddie Murphy Meets His New Neighbors, Forbes.com, Jan. 5, 2001, accessed July 5, 2006.
- Isabella Geist, Beverly Park Avenue, Forbes.com, June 28, 2002, accessed July 5, 2006.