Asking Price: $10,795,000

Behind a Private gated entry, resides one of the last approx. 1-acre promontories, completely secure and without a neighbor in sight, hovering just above the legendary Chateau Marmont. The property sits on its own island carved into the Hillside with the most explosive views the city has to offer spanning from the Griffith observatory to the Santa Monica Beaches. Not only is there the coolest Hollywood Regency home on the property, but there are also Permit Ready plans for a 14,000 square feet masterpiece by Studio Tim Campbell (who designed the recently sold $58m home on Rising Glen and under the guidance of Jason Somers of Crest Real Estate). Once complete, "The Hillside Chateau," will be set behind a long, private gated drive with an oversized motor court. Flawlessly thought out with the most exquisite finishes and floorplan, the interior blends classic design elements with modern touches to create a truly remarkable space. High ceilings, cased openings, archways, and long dramatic hallways flow throughout the home. Seamless indoor/outdoor living with a mega view from all 7 bedrooms. The latest and greatest amenities include a theater with bar and lounge, gym with spa, wine cellar, and a gorgeous auto gallery to highlight your collection. Properties like this don't exist anymore. Here is your chance to own a $50+million property on the Sunset Strip. In addition, if there is a desire for a more contemporary design, the permit ready plans can be modified easily with the city.