Just when you think you can’t be blown away by a Monday Morning Millionaire, we discover not just one, but two homes built next to each other on the best street in town. That’s right — this is a Beverly Drive luxury family compound.
What constitutes a luxury family compound? It has been commonplace in New York to expand into floors above, below, or next door to create enough space for grandparents and guests. So, when does a house become a compound? Technically, a compound constitutes multiple houses on a single property. In reality, luxury family compounds can be made up of a single home next door like this one. That is if you can find two lots next to one another.
I wrote about 3414 Beverly a little over a year and a half ago, when builder Robert Elliott finished the home. You can read all the lovely details here. When I went scrolling for today’s Monday Morning Millionaire, I frankly did not recognize the house, until I got to the photo of the courtyard.
You’ll see why I did a double, and then a triple take. If you ever thought curtains could not change the entire look of a home all you have to do is switch back and forth between the images from our 2017 post and this one. They add a layer of softness and yet another layer of luxury. The changes include a gorgeous vent hood that meshes much better with the kitchen finish out. I loved the original until I saw this one. I thought the master bathroom focal wall was dramatic in a good way but can easily see why it was changed to a more serene look. There are some pretty fabulous light fixture changes and additions as well. The changes are subtle but create a sizable impact. It’s hard to improve upon perfection, but the sellers managed!
The family purchased this home to live in, bought the house next door, tore it down and began building another home to create a luxury family compound. They got as far as the Tyvek wrap when other adventures came calling. Now someone out there has a once in a lifetime opportunity to have a luxury family compound in the heart of the Park Cities. The beauty of this is the buyer can put their stamp on 3412 Beverly while living in absolute bliss next door in what is essentially a new home. And once the fence comes down, this compound will have the sort of backyard that lures folks to the suburbs.
I ran over on Saturday because listing agent Rogers Healy said, “Karen you have to see it in person, or you won’t understand.” He was right. As I pulled up my first thought was HOLY COW (or something close to that which I’m not allowed to publish). When you realize what you are getting, it’s a jaw-drop. Have a look.
“It’s an incredible deal,” Healy said. “Someone will be buying into a million and a half of equity.”
So, what’s the price tag? A mere $12 million. Seriously. For two lots on Beverly Drive. That is a phenomenal price. Yes, you can buy one or the other, but why would you? I’m betting the California buyers heading here daily are going to be elbowing our locals out of the way, so don’t say I didn’t give fair warning if you lose out on this one!
Karen Eubank is the owner of Eubank Staging and Design. She has been an award-winning professional home stager and writer for over 25 years. Karen teaches the popular Staging to Sell class and is the creator of the online course, The Beginners Guide to Buying Wholesale. Her love of dogs, international travel, history, white paint, champagne, artificial turf, and Tudor and Midcentury Modern homes knows no bounds. Her father was a spy, so she keeps secrets very well! Find Karen at www.eubankstaging.com