It’s not uncommon on the Westside of Los Angeles for people to shell out $20 million or more for a house.
And then take a wrecking ball to it.
Jeff Hyland, of the high-end Beverly Hills real estate agency Hilton & Hyland, had a recent tear-down sale of $35 million in the Trousdale section.
“It was in absolutely magnificent condition,” noted Hyland, who would not reveal the owner’s name but said his client was happy to pay all that money “just for the dirt,” with plans to erect a dream house. [Continue reading here.]
Note: As far as we know, the above image is not of the tear-down mentioned in the article.