Auction set for 260-acre Canyon Trails, known as the largest and last undeveloped private parcel in the Los Angeles metropolitan area, encompassing 6% of Bel Air’s land

Bidding starts today for the $125 million Trophy Package, Represented by Melinda & scott tamkin from The Tamkin Real Estate Group in Compass and the auction house Paramount Realty USA

THE ANGELS, January 24, 2023 /PRNewswire/ — trails canyonthe most monumental land opportunity in the Angels comprising approximately 260 pristine and expansive acres in the heart of bel airis now for sale by auction through Paramount Realty USA, a leading national auction firm. The tender is ready to start today, January 24, 2023 a 12 p.m. (Pacific Time)until the closing date of the auction of 4 p.m. (Pacific Time), March 15, 2023. Represented by Melinda and Scott Tamkin of The Tamkin Real Estate Group a CompassSenderos Canyon is situated on three contiguous undeveloped parcels representing a staggering six percent of Bel Air’s total land area. This rare and intact canyon is also known as the last available parcel of land of this size in the Greater Los Angeles area. Such an amazing scale in an unrivaled position nestled in The Angels’ the most prestigious residential enclave presents the unique opportunity to create the legacy and landscape of bel air.

Paramount Realty USA Auctions

Paramount Realty USA Auctions

auction for $125 million Trophy Canyon Trails 260-Acre, The Angels’ Largest undeveloped parcel, 6% of Bel Air’s Land

The minimum auction bid is $39 millionalmost 70 percent below its original $125 million starting price. To any buyer closing on or before March 31, 2023a $2 million credit will be given. The property is subject to prior sale, allowing the seller to potentially accept a compelling offer received before the offer deadline.

“Land is king,” said co-listing agent scott tamkin of Compass. “With the opportunity to establish a legacy for generations to come, the acquisition of Senderos Canyon presents a once-in-a-lifetime opportunity to own an unparalleled crown jewel portfolio asset in the coveted bel air. In the immediate vicinity there are currently eight homes for sale ranging from $50 million a $150 million, with the largest parcel being just five acres. At over 260 acres, Senderos Canyon will be offered at an amazing minimum offer with ample possibilities for the incredible property.”

“We are delighted to bring this trophy land up for auction,” he said. Misha Haganiowner of the auction house Paramount Realty USA. “This exceptional property, like art, is truly one of a kind and irreplaceable. It is only fitting that an offering of such magnitude be made available on the centenary of bel air.”

This tremendous offer of unprecedented surface in bel air presents unlimited scope for development and re-imagining. A truly versatile flagship parcel, Senderos Canyon offers a diverse set of residential, commercial or hospitality development opportunities. Its lush grounds offer a blank canvas for a luxury residential enclave, hotel, or a range of concepts such as a golf course, equestrian center, wellness center, campus/sports facility, and more.

Located on the Santa Monica Trailhead and bordered by Mulholland to the north, Moraga Drive to the south, Bel Air Crest to the west, and Linda Flora Drive to the east, Senderos Canyon is centrally located minutes from Beverly Hills and close to various shopping, dining and entertainment districts.

Canyon Trails is available for preview by appointment only and upon showing of sufficient proof of funds. To submit a written offer, schedule a tour, or for more information, visit Paramount Realty USA Canyon Trails Auction Pagecall 212-867-3333 or email [email protected]. For general information about the auction, visit www.prusa.com.

About Tamkin Group at Compass

The Tamkin Group at Compass specializes in real estate services acting on behalf of clients in the purchase and sale of homes and income properties in the great the Angels area. like all life the Angels residents, their in-depth knowledge of real estate in the area, along with their combined real estate experience makes them the best choice for buying or selling property in southern california. DRE# 01336758/01336759

About Paramount Realty USA

Paramount Realty USA is a leading national real estate auction firm. The team has marketed, sold or advised on more than $2 billion of real estate interests and mezzanines throughout North America by auction The firm has auctioned luxury, residential and commercial properties to high net worth individuals, private equity firms, developers, family offices, lenders, government agencies and other real estate owners. Visit www.prusa.com for more information.

Trail Canyon | More than 260 acres in bel air | Credit: Sibylle Allgaier Heliphoto

Media contact:
Misha Hagani
1-212-867-3333
[email protected]

Canyon Trails Auction - Paramount Realty USA/Compass (Credit Sibylle Allgaier Heliphoto)

Canyon Trails Auction – Paramount Realty USA/Compass (Credit Sibylle Allgaier Heliphoto)

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SOURCE Paramount Realty USA

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