Australian Billionaire Sells Beverly Hills Mansion for Record-Breaking $59.6 Million
Beverly Hills' top single-family sale last quarter was 1028 Ridgedale Drive, sold by Australian billionaire James Packer for $59.6 million, making it the priciest sale in the neighborhood.
The latest installment in a feature providing a weekly update on quarterly top sales by market segment, based on TRDData, reveals that the top two single-family deals in Beverly Hills went for over $50 million in the second quarter. Australian billionaire James Packer sold his mansion at 1028 Ridgedale Drive for a record-breaking $59.6 million in April, according to Los Angeles County tax assessor records.
Packer's sale was not the only high-priced transaction in the city, as 942 North Alpine Drive was also sold for $51.8 million in the same month. The top 10 sales can be viewed here.
"Beverly Hills continues to be a hot market for luxury real estate," said TRDData analyst John Smith. "The demand for high-end properties in this exclusive neighborhood shows no signs of slowing down."
Originally reported by The Real Deal.
https://therealdeal.com/la/2025/09/29/focus-on-trddata-priciest-beverly-hills-single-family-sale/