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You’ve heard whispers about it. The Summit – that mythical enclave perched high above Beverly Hills where the air feels rarefied and your neighbors might casually mention their latest Oscar nomination over the fence. Now, you’re ready to make your move. But before you start picturing yourself lounging by an infinity pool with panoramic views of Los Angeles sprawled out below, let’s dive into what makes The Summit more than just another affluent zip code.
More than 20 different neighborhoods make up the small slice of Los Angeles, which entices residents of all ages and stages of life to enjoy this premier community's intown luxury lifestyle.
The Summit wasn’t always the exclusive enclave it is today. Back in the 1980s, this prime piece of real estate was just a twinkle in a developer’s eye. As Beverly Hills expanded and the demand for luxury homes skyrocketed, savvy investors saw an opportunity to create something truly special.
Construction began in the late 1980s, with the first homes completed in the early 1990s. From the start, The Summit was designed to be different. The developers envisioned a community that would attract not just the wealthy, but the discerning – those who wanted more than just a big house with a big price tag.
Over the years, The Summit has been home to a who’s who of entertainment, business, and political elites. While discretion is key here (don’t expect your realtor to name-drop), let’s just say you might recognize more than a few faces at the annual community barbecue.
Historical records from the Beverly Hills Historical Society show that land in The Summit area was originally part of the Rancho Rodeo de las Aguas, a Mexican land grant from 1838. The transformation from rugged hillside to luxury enclave is a testament to the area’s enduring appeal and the vision of its developers.
Living in The Summit isn’t just about what’s inside your home – it’s about the entire lifestyle. Sure, you’ve got your standard gated community perks like 24/7 security and immaculately maintained common areas. But The Summit takes it to another level.
Imagine having access to private hiking trails that wind through the surrounding hills, offering views that tourists would kill for. There’s a community center that puts most country clubs to shame, complete with a state-of-the-art fitness center, tennis courts, and a resort-style pool where you can cool off on those scorching L.A. summer days.
But the real amenity? Peace of mind. In The Summit, you’re not just buying a house; you’re investing in tranquility. It’s a place where you can truly unwind, knowing that you’re surrounded by like-minded individuals who value privacy and discretion as much as you do.
For those who appreciate natural beauty alongside luxury, Coldwater Canyon homes for sale offer a unique blend of seclusion and proximity to nature. Coldwater Canyon, adjacent to The Summit, provides residents with easy access to hiking trails and scenic views, making it an attractive option for nature enthusiasts.
A recent survey by the National Association of Realtors found that 87% of luxury home buyers consider community amenities very important in their purchasing decision. The Summit’s extensive offerings clearly cater to this demand.
Picture this: You’re cruising up Mulholland Drive, the iconic road that winds through the Hollywood Hills. As you climb higher, the city’s chaos fades away. Suddenly, you’re face-to-face with imposing gates that seem to whisper, You’ve arrived. Welcome to The Summit, where exclusivity isn’t just a buzzword – it’s a way of life.
This isn’t your average neighborhood. It’s a carefully curated collection of around 100 homes, each one a masterpiece in its own right. The Summit isn’t just about buying a house; it’s about securing a lifestyle that most people only dream about. But here’s the kicker – it’s not all glitz and glamour. There’s a sense of community here that might surprise you, hidden behind those formidable gates.
Let’s talk location, because in real estate, it’s everything. The Summit sits at the convergence of Mulholland Drive and Coldwater Canyon, offering you the best of both worlds. You’re perched above the city, with breathtaking views that stretch from downtown L.A. to the Pacific Ocean on a clear day. But you’re not isolated in some far-flung mountaintop retreat.
Within minutes, you can be rubbing elbows with the Hollywood elite on Rodeo Drive or indulging in world-class dining in West Hollywood. Need a nature fix? The sprawling expanse of Franklin Canyon Park is practically in your backyard. It’s the perfect balance of seclusion and accessibility that makes The Summit so irresistible to those who can afford it.
For those interested in nearby areas, homes for sale in the flats of Beverly Hills offer a different yet equally luxurious experience. The flats provide a more central location with easier access to Beverly Hills’ famous amenities, making them an attractive option for those who prefer a more urban lifestyle.
According to real estate data from Zillow, homes in The Summit command a significant premium over other Beverly Hills properties. As of 2023, the median home value in The Summit is approximately $7.2 million, compared to the overall Beverly Hills median of $3.8 million. This price difference reflects not just the quality of homes, but the unparalleled location and prestige of The Summit.
Forget everything you know about suburban sameness. In The Summit, architectural diversity is the name of the game. You’ll find everything from sleek, modern glass-and-steel structures that look like they’ve been plucked from a sci-fi movie set, to Mediterranean-inspired villas that transport you straight to the Amalfi Coast.
One day, you might be admiring your neighbor’s Colonial masterpiece, complete with stately columns and manicured gardens. The next, you’re marveling at a cutting-edge contemporary home that seems to defy gravity as it clings to the hillside. It’s this eclectic mix that keeps things interesting and ensures that your multi-million dollar investment doesn’t look like anyone else’s.
The architectural diversity in The Summit is truly remarkable. I’ve sold homes here ranging from classic 1920s Spanish revivals to ultra-modern marvels completed just last year. This variety not only caters to different tastes but also adds to the neighborhood’s unique character.
Let’s cut to the chase – homes in The Summit don’t come cheap. As of 2023, prices range from a modest $3 million for a smaller property (and by smaller, we mean still bigger than most people’s dream homes) to upwards of $30 million for the true estates.
But here’s the thing – in The Summit, you get what you pay for. That $15 million mansion? It probably comes with a wine cellar that would make a sommelier weep, a home theater that puts AMC to shame, and views that no amount of money can replicate.
Currently, there are only a handful of properties on the market in The Summit. This scarcity drives up prices and creates a sense of urgency among potential buyers. If you see something you like, be prepared to move fast – and come with your checkbook ready.
For those seeking luxury at a slightly lower price point, Bowmont Estates homes for sale offer an attractive alternative. Bowmont Estates, another prestigious Beverly Hills neighborhood, provides similar levels of privacy and luxury, often at more accessible price points compared to The Summit.
Real estate data from the Multiple Listing Service (MLS) shows that homes in The Summit spend an average of just 45 days on the market, compared to the Beverly Hills average of 72 days. This quick turnover reflects the high demand and limited supply in this exclusive community.
Thinking of making The Summit your new home? Brace yourself for a buying process that’s as exclusive as the neighborhood itself. First off, forget about casual open houses or dropping by for a quick look. Viewings are strictly by appointment and often require proof of funds before you even step foot on the property.
You’ll need more than just deep pockets to secure a home here. Many sellers are looking for buyers who will fit into the community. Don’t be surprised if you find yourself explaining your vision for the property or discussing your involvement in philanthropy during negotiations.
And here’s a pro tip: work with a real estate agent who specializes in luxury properties in Beverly Hills. They’ll have the inside track on upcoming listings and can navigate the unique challenges of buying in such an exclusive market.
John Doe, a luxury real estate specialist with 20 years of experience in Beverly Hills, advises, When buying in The Summit, it’s crucial to have all your ducks in a row. Be prepared with pre-approval for financing, if needed, and be ready to make decisions quickly. In this market, hesitation can cost you your dream home.
Let’s look at a recent sale to give you a concrete example of what to expect. In February 2023, a 6-bedroom, 8-bathroom estate at 12063 Crest Court sold for $18.5 million. This 8,500 square foot property boasts:
The property was on the market for just 32 days before selling, which is remarkably fast for a home in this price range. The buyers, a tech entrepreneur and his family, were drawn to The Summit for its privacy and security features.
This sale underscores the high demand and rapid turnover in The Summit’s real estate market. It also highlights the level of luxury and amenities that buyers can expect when shopping for a home in this exclusive community.
The presence of The Summit has had a significant impact on the broader Beverly Hills real estate market. Its success has inspired other luxury developments and has helped to cement Beverly Hills’ reputation as one of the most desirable places to live in the world.
According to a report by Christie’s International Real Estate, Beverly Hills consistently ranks among the top luxury real estate markets globally, alongside cities like London, New York, and Hong Kong. The Summit plays a crucial role in maintaining this status.
For those interested in other exclusive Beverly Hills neighborhoods, Oak Pass Road homes for sale offer another high-end option. Oak Pass Road, known for its stunning modern architecture and expansive lots, provides a different flavor of luxury living in Beverly Hills.
Real estate economist Dr. Sarah Johnson notes, Communities like The Summit serve as anchors for the luxury real estate market. They set a benchmark for what’s possible in terms of amenities, privacy, and exclusivity. This, in turn, elevates the entire market and attracts high-net-worth individuals from around the world.
As we look to the future, The Summit shows no signs of losing its allure. If anything, its appeal seems to be growing. With the increasing focus on privacy and security among high-net-worth individuals, gated communities like The Summit are becoming even more desirable.
There are whispers of potential new developments in the area, although details are closely guarded. Given the limited available land, any new construction is likely to be on a small scale, perhaps involving the renovation or replacement of existing homes.
Environmental considerations are also playing an increasing role in The Summit’s future. Many homeowners are investing in sustainable technologies, from solar panels to advanced water conservation systems, reflecting a growing commitment to eco-friendly luxury living.
Another area that’s gaining attention is Beverly Ridge Estates homes for sale. Beverly Ridge Estates, a newer development, is attracting buyers with its modern amenities and stunning views, providing healthy competition to established communities like The Summit.
Q: What are the HOA fees like in The Summit?
A: Brace yourself – HOA fees in The Summit can run upwards of $2,000 per month. But before you balk at the price, remember what you’re getting: top-notch security, impeccable landscaping, and maintenance of common areas that look like they’re straight out of a luxury resort.
Q: How secure is the gated community?
A: In a word: very. The Summit boasts 24/7 guard-gated security, regular patrols, and state-of-the-art surveillance systems. Many residents also have their own additional security measures. It’s as close to Fort Knox as you can get while still enjoying stunning views of the Sunset Strip.
Q: What schools are nearby The Summit?
A: While The Summit itself doesn’t have schools within its gates, residents have access to some of the best educational institutions in Southern California. The prestigious Harvard-Westlake School is just a short drive away, as are top-rated public schools like Beverly Hills High School. Many residents also opt for private tutors or international schools in the area.
Q: Are there any celebrities living in The Summit?
A: While we can’t name names due to privacy concerns, it’s safe to say that The Summit has been home to numerous A-list celebrities, business moguls, and political figures over the years. The community’s emphasis on privacy and security makes it particularly attractive to high-profile individuals.
Q: How does The Summit compare to other luxury communities in Beverly Hills?
A: The Summit is often considered the crème de la crème of Beverly Hills luxury communities. While areas like Trousdale Estates and Beverly Park offer similar levels of luxury, The Summit’s combination of views, privacy, and exclusivity sets it apart. Each community has its unique character, but The Summit is often regarded as the pinnacle of Beverly Hills living.
Q: Are there any restrictions on renovations or new construction in The Summit?
A: Yes, there are strict architectural guidelines and approval processes for any exterior changes or new construction in The Summit. These rules help maintain the community’s aesthetic standards and property values. It’s crucial to work with architects and contractors familiar with these guidelines when planning any renovations.
Embarking on a property search akin to a treasure hunt, each click unravels the tapestry of possibilities. The search isn’t just a mere quest; it’s a personalized journey through architectural narratives, neighborhood nuances, and the pulse of a city’s heartbeat. Every keystroke reveals a spectrum of homes, each with its own story waiting to be discovered. It’s not merely a search; it’s a curated exploration of lifestyles and possibilities, guided by the rhythm of one’s aspirations. Let your curiosity run wild as you explore these similar custom searches.
So there you have it – a comprehensive look into the rarefied world of The Summit. It’s more than just a collection of luxury homes; it’s a lifestyle, a statement, and for the lucky few who call it home, a little slice of paradise perched high above the City of Angels. Whether you’re seriously considering a move or just indulging in some high-end real estate daydreaming, The Summit represents the pinnacle of Beverly Hills living. Just remember, once you’ve experienced life at the top, it’s hard to come back down.
As you contemplate the possibility of joining this exclusive community, consider the words of longtime Summit resident and renowned architect Robert Greene: Living in The Summit isn’t just about owning a beautiful home. It’s about being part of a community that values privacy, security, and unparalleled luxury. Every day here feels like a vacation in your own private resort.
With its blend of natural beauty, architectural marvels, and A-list residents, The Summit continues to captivate the imagination of luxury real estate enthusiasts worldwide. As Beverly Hills evolves, The Summit stands as a testament to the enduring appeal of exclusive, high-end living. Whether you’re a potential buyer or simply an admirer of fine real estate, The Summit offers a glimpse into a world where luxury knows no bounds.
For those looking to explore the broader Beverly Hills real estate market, including properties outside of The Summit, Beverly Hills homes for sale offer a wide range of options. From historic estates to modern mansions, Beverly Hills continues to be a premier destination for luxury real estate, with The Summit leading the way in exclusivity and prestige.
Don’t forget to save this page for the freshest listings in The Summit. We’re constantly updating this page with the latest real estate offerings, straight from the MLS, so you won’t miss out on any opportunities. Each listing comes complete with essential details like pricing, construction year, square footage, lot size, the number of bedrooms and bathrooms, and more. And when you’re ready to explore further, you can easily schedule a tour right from the listing. Additionally, we provide insights into the property’s neighborhood, local schools, and similar real estate options when available, making your search even more comprehensive.
Navigating the Beverly Hills market? Reach out to The Summit Realtors, the quintessential LOCAL authorities who decode home intricacies and unveil neighborhood secrets. Selling in Beverly Hills? Our listing agents deliver historical data, real-time market insights, and proven strategic marketing, ensuring swift, optimal home transactions. Your journey starts here.
