The 120-acre property in Beverly Hills, once home to a storied Wallace Neff residence designed for 1920s screenwriter Frances Marion and silent film cowboy Fred Thomson, first hit the market in 2018 for $150 million.
Enchanted Hill — located in Beverly Hills at 2001 Benedict Canyon Drive — was most recently listed with Hilton & Hyland for $95 million. It’s not known who the new buyer is. Rick Hilton, Zach Goldsmith and Jeff Hyland of Hilton & Hyland represented the seller.
The new owner will take possession of a sprawling development site that includes five separate lots, including a four-acre site to build a main estate, and sweeping views of the city, ocean, hills and canyons. Allen’s improvements to the property included the addition of a one-mile private street, infrastructure for utilities and two guard-gated entrances, one on Benedict Canyon Drive and one on Angelo Drive.
The listing for the property notes that the buyer could build a hilltop compound that includes “multiple guest houses, a state-of-the-art fitness and wellness center and spa, an entertainment complex, a sports arena, world-class equestrian facilities [and] vineyard and winery.”
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