Beverly Hills California has America's most expensive blocks in Real Estate...

Beverly Hills famously has some of the country's most valuable real estate. On the western end of the city, between the Los Angeles Country Club and North Beverly Drive, the median home value is about $3 million, according to real estate website NeighborhoodScout.com, and many properties cost far more. This posh neighborhood in the 90210 zip code is lined with pristine single-family homes, most with at least four bedrooms.

More from BusinessWeek.com  » America's Most Expensive Blocks » America's 50 Most Expensive Small Towns 2011 » Most Expensive Suburbs 2010

Streets need not be filled with big estates to have high home values. On the opposite coast, in Manhattan, an area bordering the east side of Central Park from 70th Street to 77th Street, between Park Avenue and Fifth Avenue, contains homes with a median value of $2.8 million. (In comparison, the median home value citywide is about $779,000, estimates NeighborhoodScout.) Unlike Beverly Hills, the area is mostly stacked with luxury apartments, according to data from the U.S. Census Bureau's 2005-2009 American Community Survey.

Size and style can determine much of a home's value, but other factors can weigh more heavily. Within a single city, the prices of similar homes can display huge differences depending on the area-and even the street-in which they are located. The two key drivers of value are access to work opportunities and access to amenities, says Andrew Schiller, founder and chief executive of NeighborhoodScout.com. A few streets' distance can make a difference in perceived proximity to school districts, recreational amenities, and transportation routes.

No. 1 Beverly Hills, CA
Where: North Wittier Drive to North Beverly Drive
Median home value: $3,067,119
Median household income: $167,583

Bordered on the west by the Los Angeles Country Club, this area has the highest median home values in the Beverly Hills area, according to NeighborhoodScout. Cliff Nichols, general manager at the brokerage Hilton & Hyland, says Lexington Road is one of the area's most expensive streets. Among the priciest homes for sale: the Pickfair Estate—home of silent movie stars Mary Pickford and Douglas Fairbanks—at 1143 Summit Drive, 90210, which is listed for $60 million.

Beverly Hills, CA Map: US Census Bureau

No. 1 Beverly Hills, CA

America's Most Expensive blocks are in Beverly Hills California

Search:           Homes for Sale           New Homes           Foreclosures           Apartments for Rent           in

America's Most Expensive Blocks

Every U.S. city has streets where wealthy people live. These are the richest of all.

By Venessa Wong, Bloomberg Businessweek

Mar 3, 2011

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Beverly Hills famously has some of the country's most valuable real estate. On the western end of the city, between the Los Angeles Country Club and North Beverly Drive, the median home value is about $3 million, according to real estate website NeighborhoodScout.com, and many properties cost far more. This posh neighborhood in the 90210 zip code is lined with pristine single-family homes, most with at least four bedrooms.

More from BusinessWeek.com  » America's Most Expensive Blocks » America's 50 Most Expensive Small Towns 2011 » Most Expensive Suburbs 2010

Streets need not be filled with big estates to have high home values. On the opposite coast, in Manhattan, an area bordering the east side of Central Park from 70th Street to 77th Street, between Park Avenue and Fifth Avenue, contains homes with a median value of $2.8 million. (In comparison, the median home value citywide is about $779,000, estimates NeighborhoodScout.) Unlike Beverly Hills, the area is mostly stacked with luxury apartments, according to data from the U.S. Census Bureau's 2005-2009 American Community Survey.

Size and style can determine much of a home's value, but other factors can weigh more heavily. Within a single city, the prices of similar homes can display huge differences depending on the area-and even the street-in which they are located. The two key drivers of value are access to work opportunities and access to amenities, says Andrew Schiller, founder and chief executive of NeighborhoodScout.com. A few streets' distance can make a difference in perceived proximity to school districts, recreational amenities, and transportation routes.

 

No. 1 Beverly Hills, CA
Where: North Wittier Drive to North Beverly Drive
Median home value: $3,067,119
Median household income: $167,583

Bordered on the west by the Los Angeles Country Club, this area has the highest median home values in the Beverly Hills area, according to NeighborhoodScout. Cliff Nichols, general manager at the brokerage Hilton & Hyland, says Lexington Road is one of the area's most expensive streets. Among the priciest homes for sale: the Pickfair Estate—home of silent movie stars Mary Pickford and Douglas Fairbanks—at 1143 Summit Drive, 90210, which is listed for $60 million.

 

Beverly Hills, CA Map: US Census Bureau

 

No. 1 Beverly Hills, CA
Where: North Wittier Drive to North Beverly 

 

 

 

America's Most Expensive blocks are in Beverly Hills California

Search:           Homes for Sale           New Homes           Foreclosures           Apartments for Rent           in

America's Most Expensive Blocks

Every U.S. city has streets where wealthy people live. These are the richest of all.

By Venessa Wong, Bloomberg Businessweek

Mar 3, 2011

Provided by:

Buzz up!

Send

Print

Beverly Hills famously has some of the country's most valuable real estate. On the western end of the city, between the Los Angeles Country Club and North Beverly Drive, the median home value is about $3 million, according to real estate website NeighborhoodScout.com, and many properties cost far more. This posh neighborhood in the 90210 zip code is lined with pristine single-family homes, most with at least four bedrooms.

More from BusinessWeek.com  » America's Most Expensive Blocks » America's 50 Most Expensive Small Towns 2011 » Most Expensive Suburbs 2010

Streets need not be filled with big estates to have high home values. On the opposite coast, in Manhattan, an area bordering the east side of Central Park from 70th Street to 77th Street, between Park Avenue and Fifth Avenue, contains homes with a median value of $2.8 million. (In comparison, the median home value citywide is about $779,000, estimates NeighborhoodScout.) Unlike Beverly Hills, the area is mostly stacked with luxury apartments, according to data from the U.S. Census Bureau's 2005-2009 American Community Survey.

Size and style can determine much of a home's value, but other factors can weigh more heavily. Within a single city, the prices of similar homes can display huge differences depending on the area-and even the street-in which they are located. The two key drivers of value are access to work opportunities and access to amenities, says Andrew Schiller, founder and chief executive of NeighborhoodScout.com. A few streets' distance can make a difference in perceived proximity to school districts, recreational amenities, and transportation routes.

No. 1 Beverly Hills, CA
Where: North Wittier Drive to North Beverly Drive
Median home value: $3,067,119
Median household income: $167,583

Bordered on the west by the Los Angeles Country Club, this area has the highest median home values in the Beverly Hills area, according to NeighborhoodScout. Cliff Nichols, general manager at the brokerage Hilton & Hyland, says Lexington Road is one of the area's most expensive streets. Among the priciest homes for sale: the Pickfair Estate—home of silent movie stars Mary Pickford and Douglas Fairbanks—at 1143 Summit Drive, 90210, which is listed for $60 million.

Beverly Hills, CA Map: US Census Bureau

No. 1 Beverly Hills, CA
Where: North Wittier Drive to North Beverly