Mulholland Drive is a home to some rich and famous personalities. Living on this renowned expensive and exclusive place has always been a hard to reach dream for many people. But lately, one could often find lots for sale in Beverly Hills that are just light on the pocket. The decline in real estate prices is a dream come true for those who wanted to live along the neighborhood of some celebrities.
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Beverly Hills is not a mystery to millions who are acquainted with the American lifestyle. Mulholland Drive itself has a very colorful past. It charmingly marks the edge of the Santa Monica Mountains and Hollywood Hills, which made it an ideal location for the most costly and beautiful homes in the globe. Houses are set off the road and far from view but offers an exhilarating glimpse of the world famous Hollywood and the towering buildings in downtown Los Angeles. The place was also a choice of many famous young and old celebrities to live in because of its elegance. Because of these, Mulholland Drive appeals greatly to local and foreign tourists.
Mulholland Drive homes can be bought at around one to eight million dollars. Bigger and newly built homes have extensive floor plans and may cost closer to the end of the price scale. Swimming pools, garages, pool houses and guest houses can be seen in compounds. 1940s and 1950s houses can be bought at a lower price because they are smaller and they need more contemporary facilities to be able to compete with the newly built ones. If you want to be a next door neighbor of an acclaimed personality, then be ready to pay for more than the real value of the lot. Famous celebrities like Jack Nicholson probably own one or more house and lots because of the closer distance between Hollywood and the studios. These individuals value their privacy more than anything else in the world that's why you need to pay the price if you really wanted to become a part of their community.
The lots for sale in Beverly Hills, however, are not all as expensive as those along Mulholland Drive. Many beautiful properties are on offer thanks to the downturn in the economy, the need for quick cash and bank foreclosures. Beverly Hills lot for sale are mostly developed, with existing homes or buildings, but it is common to tear down an older structure and rebuild on the site to increase the size or amenities of a home. Most Beverly Hills properties are in higher demand than ever since the downturn in real estate values. People who once could not afford to live in ratified neighborhoods like the ones along Mulholland Drive can now secure properties in the most sought-after enclaves in the United States. Still, even bargain prices in Beverly Hills are quite a bit higher than other areas of the country.
Lots for sale in Beverly Hills give the opportunity of living near Hollywood. It is also an excellent place for people who work in Los Angeles or those who want to move in the area. It is close to exquisite shopping destinations along Rodeo Drive and the Golden Triangle, fine-dining fancy restaurants in Hollywood and exclusive, private and public schools. There are also a lot of relaxation and recreational facilities around the place which are best for families.
The current economic downturn could help achieving your dream of living in Beverly Hills. You might be able to consider your acquired asset as the best value ever bought in a lifetime. Despite the big savings you have from acquiring a property in Beverly Hills, you must still be ready for the somewhat high cost of living in the famous Hollywood.
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Beverly Hills lots for sale can be found on Mulholland Drive, presenting privacy from the hassledowntown lifestyle in LA.
by: Raul Gettig - Total views: 4 - Date: Sun, 7 Feb 2010
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