Huge 260-acre piece of land in LA's exclusive Bel-Air neighborhood up for ... trends now
A massive plot of undeveloped land in one of Los Angeles' wealthiest neighborhoods is up for auction at a massively discounted price.
The 260-acre property cuts through the middle of Bel-Air - an LA neighborhood well known for its A-lister residents, and for laying claim to numerous record-breaking real estate deals.
Covering six percent of the ritzy neighborhood, the plot is a long undeveloped valley filled with arid brush known as Senderos Canyon, and is three times the size of Disneyland.
Though the bidding started at a whopping $39million, the sum represents a last ditch attempt to sell the property, which has been on and off the market since it was listed for $125million in 2013.
A rendering of the Senderos Canyon plot of land that is up for auction
A rendering showing a golf course in the Senderos Canyon
The canyon is currently the largest plot of land for sale in LA, beating out the 157-acre undeveloped property known as the Mountain of Beverly Hills.
Beyond it the property's obvious perks, it has also not yet been designated for a specific use, meaning it could be developed for a host of uses.
Prospective buyers have considered turning the property into everything from a retirement community or a goat farm, to a school with a sprawling campus or an extensive wellness retreat.
'Everyone has grand ideas,' Scott Tamkin, the property's Compass listing agent told the LA Times.
A rendering of a mansion and a vineyard in the Senderos Canyon
A rendering showing the Senderos Canyon built into a horse ranch
