Former Google CEO Eric Schmidt has purchased the prized 'Enchanted Hill' owned by late Microsoft co-founder Paul Allen for $65 million after it spent three years on the market.
In December Schmidt, Google's former CEO from 2001 to 2011, closed on the 120-acres of undeveloped land in Beverly Hills known as 'Enchanted Hill' after it first came on to the market with a $150 million asking price in 2018.
The prized land, which offers views of the ocean and the Los Angeles Basin, was previously owned by the late Paul Allen, who co-founded Microsoft with Bill Gates.
In December Schmidt, Google's former CEO from 2001 to 2011, closed on the 120-acres of undeveloped land in Beverly Hills known as 'Enchanted Hill' (pictured) after it first came on to the market with a $150 million asking price in 2018
Real-estate agents say the 120-acre property (pictured) is one of the largest undeveloped parcels left in Beverly Hills
The prized Beverly Hills land, which offers views of the ocean and the Los Angeles Basin, was previously owned by the late Paul Allen, who co-founded Microsoft with Bill Gates
The land previously was previously home to a 20-room Wallace Neff-designed mansion built in the 1920s by screenwriter Frances Marion and her husband, movie star cowboy Fred Thompson, according to the book 'The Legendary Estates of Beverly Hills' by Jeff Hyland.
Swedish- American actress Greta Garbo, a neighbor to the estate, was the one who came up with the nickname 'Enchanted Hill' for the property and an
