Paul Allen, who co-founded Microsoft with Bill Gates in 1975, died a year ago at 65. Site can be broken up into lots for gated community: broker The parcel is among the assets that Allen’s estate has listed for sale, including At 414 feet, Octopus can accommodate up to 26 guests across 13 cabins in addition to a crew of 60. They paid a California record $165 million for David Geffen’s legendary Jack Warner estate in Beverly Hills, and they’ve also shelled out another $90 million for the vacant, so-called Enchanted Hill estate in the Beverly Hills Post Office neighborhood, sold by the estate of the late Microsoft co-founder Paul Allen. “The Enchanted Hill,”owned by the late Microsoft Corp. co-founder Paul Allen, is back on the market at a discount.Photographer: Ibrahim Uzun/Anadolu Agency/Getty Images“The Enchanted Hill,”owned by the late Microsoft Corp. co-founder Paul Allen, is back on the market at a discount. The 120-acre site—roughly the same size as Vatican City—dubbed The Enchanted Hill, listed Thursday. Amazon founder Jeff Bezos’ purchase of a development site in Beverly Crest has fallen through. A sprawling swath of undeveloped land in Beverly Hills owned by the estate of the late Microsoft co-founder Paul Allen has made its way back to the market with a $110 million price tag. ‘The Enchanted Hill’ was listed at $150 million a year ago All property prices are as stated by the listing agent. A Beverly Hills property bigger than Disneyland that was owned by the late Microsoft Corp. co-founder Paul Allen is back on the market, at a discount.
It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. A Beverly Hills property bigger than Disneyland that was owned by the late Microsoft Corp. co-founder The price cut is part of a “rebranding effort,” said Jesse Lally of Beverly Hills-based brokerage Hilton & Hyland, one of the four listing agents for the property. The site has five flat lots that could be used for a single-family home -- albeit one with guest houses, tennis and basketball courts, and a wellness center, he said. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | DISCLAIMER: The currency conversion is provided for illustration purposes only.
His estate is also trying to sell his 414-foot super yacht, “Octopus.” It’s available for 295 million euros ($324 million) through yacht brokers Fraser & Burgess. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. He amassed a $26 billion fortune with investments in sports teams, art and startups, in addition to real estate, according to the “The Enchanted Hill” isn’t the only asset owned by the late billionaire that’s up for sale. Fri, Oct 04, 2019 - 10:15 PM. It has multiple lounges, a library, a bar, a pool and a spa. After the purchase, he tore down structures that included a Spanish colonial-style house that was built by Marion and Thomson, Variety “When you go through the Angelo gate, you arrive right at the main site,” Lally said. Delivers the most important property news around the world to your inbox each weekday COPYRIGHT © 2020 MANSION GLOBAL. A 120-acre lot owned by the estate of the late Microsoft co-founder Paul Allen is back on the marketA 120-acre lot owned by the estate of the late Microsoft co-founder Paul Allen is back on the market
Any future compound has the space to include a state-of-the-art fitness and wellness center, an entertainment complex, a sports arena, world-class equestrian facilities and a winery, the release said.
The lot offers the opportunity to “develop a single-family compound with multiple guest homes,” or a buyer could subdivide the lot and develop a gated community, according to a news release from listing brokerage Hilton & Hyland.
Jeff Bezos Pulls Out of Purchasing Paul Allen's Beverly Hills Land The Amazon founder and CEO bought the property for $90 million in February, but the deal has reportedly fallen through By Joyce Che n The tech billionaire and philanthropist, who died last October at 65, purchased the land in 1997 for roughly $20 million and The site is now owned by a trust controlled by Allen’s sister, Jody, records with PropertyShark show. It first tested the market waters with a heftier $150 million asking price last year.
For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. There’s even a basketball court on the below deck, a glass-bottomed observation lounge, an eight-person submarine, helipads and a garage large enough to store an SUV and two helicopters. He amassed a US$26 billion fortune with investments in sports teams, art and startups, in addition to real estate. It’s also hosted rockers U2 and Mick Jagger.Allen’s estate owns the National Football League’s Seattle Seahawks and the National Basketball Association’s Portland Trail Blazers, which are worth a combined $3 billion, according to the Bloomberg Billionaires Index.Allen had no spouse or children to inherit his empire, but at least half his assets were probably earmarked for charitable purposes after he joined the Giving Pledge. The Paul G. Allen Family Foundation, which could not be immediately reached for comment, continues to own and operate Allen’s catalog of professional sports teams, including the Seattle Seahawks.
During Allen’s ownership, he embarked on infrastructure improvements to the site, including the addition of a one-mile private street, utilities, and two separate gated entrances.