February 14, 2025 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Undeveloped Bel Air Property With Backstory Sees $11 Million Price Hike

1.3-acre lot sits just off Nimes Road

By Dolores Quintana 

The Colombian billionaire Jamie Gilinski has raised the listing price on an undeveloped property that he is selling from $34 million to $45 million as reported by The Real Deal.com. This parcel is located in Bel Air at 805 Nimes Place and Gilinski originally purchased it from Robert Shapiro, a Ponzi scheme ringleader who was convicted of that crime. The listing has been on the market since May of 2021 so it seems odd that Gilinski would raise the price after it has remained on the market, unsold, for this long. 

The listing’s description on the website of The Agency which is managed by Adam Rosenfeld and Jon Grauman says, “Located in arguably one of the most desirable areas in Los Angeles, this almost 1.3-acre flat lot offers endless opportunity. This is a rare opportunity to own the only available and permitted lot of its kind in lower Bel Air for a world class residence.”

Additionally, the listing states that the property is ready for development like so, “Site grading and retaining walls have largely been completed including excavation of a roughly 10,000-square-foot basement. The ready-to-build construction plans for a 40,000-square-foot home have been prepared by BULLI Architecture and Development which can be utilized on this one-of-a-kind trophy property. In addition, conceptual plans for a 27,500-square-foot home will be provided by acclaimed architects Woods and Dangaran.” The lot’s acreage is 1.292. 

While other undeveloped lot sales in the area seem promising, two of the other recent sales sold for much less and were properties connected to celebrity names, like the vineyard sold by Sylvester Stallone and the former property of the actress Elizabeth Taylor.

Related Posts

UCLA Suspends Pro-Palestinian Student Groups Following Protest at UC Regent’s Home

February 13, 2025

February 13, 2025

Chancellor Cites Potential Student Code Violations; Student Groups Reject Allegations UCLA has suspended two pro-Palestinian student organizations following a protest...

Flash Flood Warning Issued for Burn Areas, LAFD Officer Swept off Road by Debris

February 13, 2025

February 13, 2025

Storm Damage Closes Pacific Coast Highway, Officials Urge Caution Not even members of the LAFD are being spared from the...

Culver City Police Investigate Disturbing Incident in Culver City Park

February 13, 2025

February 13, 2025

Police Secure Area as Investigation Unfolds on Thursday Morning The Culver City Police Department received a call around 7:23 a.m....

Here are Your Last Minute Ideas if You Still Haven’t Planned Your Valentine’s Day Date

February 13, 2025

February 13, 2025

Luscious Cookies, Delightful Drinks, Full Dinners at Home or In House, We’ve Got Them Okay, maybe you have been a...

Beloved Baldwin Hills Family-Owned Restaurant Post & Beam to Close After 13 Years

February 12, 2025

February 12, 2025

Community Icon Shuts Doors as Baldwin Hills Crenshaw Plaza Redevelopment  In yet another loss for the Los Angeles culinary community,...

Santa Monica Hotel Event Space Offers Affordability, Accessibility

February 12, 2025

February 12, 2025

Elevate Your Events with Versatile Venues and Exceptional Service Coastal stays and eclectic event spaces don’t have to be expensive....

Flour Pizzeria & Cafe to Bring Brooklyn-Style Pizza to Brentwood This Week

February 12, 2025

February 12, 2025

Family-Owned Favorite from the Palisades to Open on San Vicente  Flour Pizzeria & Cafe, a restaurant from Pacific Palisades run...

(Video) The Willows Students Bring a 50-Foot Dragon to Life Through Art and Teamwork

February 12, 2025

February 12, 2025

Kristy Acero, The Willows DK-4th Grade Art teacher, led her students in a large-scale, collaborative project, with each grade creating...

ART& 2025: NeueHouse Unveils Inspiring Lineup Celebrating Feminine Leadership

February 12, 2025

February 12, 2025

Four-Day Event in Venice Beach Explores Creativity, Activism, and Cultural Impact NeueHouse has unveiled the schedule for ART& 2025, a...

LA Attorney Who Represented Rodney King Sentenced to Prison for Tax Evasion Scheme

February 11, 2025

February 11, 2025

Milton C. Grimes Ordered To Serve Time in Prison and Pay Restitution Milton C. Grimes, a longtime Los Angeles attorney,...

Canned Tuna Pulled from Shelves Over Botulism Contamination Risk

February 11, 2025

February 11, 2025

El Segundo Seafood Company Issues Voluntary Recall Through FDA Tri-Union Seafoods has issued a voluntary recall of certain canned tuna...

Powerful Storm to Bring Heavy Rains, Possible Debris Flow to Los Angeles

February 11, 2025

February 11, 2025

Officials Warn of Risks, Urge Residents to Prepare for Severe Weather A Pacific storm system is expected to bring widespread...

Retailers Impose Egg Purchase Restrictions as Supply Chain Disruptions Cause Concern

February 10, 2025

February 10, 2025

Egg Limits Are Back – What’s Causing the Shortage? Retailers across the United States, including Costco and Trader Joe’s, have...

Donate Blood, Save Lives: Culver City Hosts Valentine’s Week Drive

February 10, 2025

February 10, 2025

Urgent Need for Donors as Red Cross Faces Critical Blood Shortages As Valentine’s Day approaches, the Culver City Police Department...

New Bill Targets Crime in Disaster Zones – Here’s What You Need to Know

February 10, 2025

February 10, 2025

Lawmakers Push for Tougher Penalties To Protect Vulnerable Communities California lawmakers have introduced a bipartisan bill aimed at cracking down...