Once Asking $1 Billion, L.A.’s Priciest-Ever Listing Is Scheduled to Sell at Auction

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Once Asking $1 Billion, L.A.’s Priciest-Ever Listing Is Scheduled to Sell at Auction
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A decades-long saga surrounding a 157-acre plot of land overlooking Los Angeles could be coming to end this week

Los Angeles’ priciest-ever real estate listing, a 157-acre Beverly Hills parcel known as “The Mountain,” is scheduled to be sold at auction Thursday. If the sale proceeds as scheduled, it could bring an end to a decades-old saga of infighting and financial strife.

The vacant parcel with sprawling views of the L.A. basin, also known as “The Vineyard,” was listed for $1 billion last year, but the price has since been lowered to $650 million. The property has drawn interest from a number of Hollywood celebrities and business...

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