Calling all multi-millionaires and billionaires. If you have over $16 million to spend on a new property in Beverly Hills, you could walk away with your choice between four exotics that will be included for free, if you choose this house.
Located at 12945 Mulholland Drive, this stunning property spans 9,500 square feet and has 5 bedrooms and 7 bathrooms. According to the listing on Redfin, if it were purchased before April 1, the buyer would be able to choose between receiving either a free Bentley Bentayga EWB, an Aston Martin DBX 707, a McLaren GT, or an Aston Martin Vantage.
While this may simply sound like a generous offer from the property’s developer, there’s actually a very good reason why an expensive freebie is being offered to help entice buyers. From April 1, homes sold in Los Angeles for over $5 million will be subject to a new 4% transfer tax while those sold for over $10 million will be hit with a 5.5% tax which must be paid by the seller.
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The new tax passed after 57% of voters threw their support behind it. City officials say funds collected from the ‘mansion tax’ will benefit affordable housing projects and provide resources to tenants at risk of homelessness.
Speaking with KTLA5, Kerry Ann Sullivan from Pardee Properties said the tax could have a ripple effect throughout the property market and impact sellers, developers, and employees.
As for the property at 12945 Mulholland Drive, it has an eye-catching design with an especially grand entrance complete with wood paneling and a huge glass front door. The inside of the house is spacious and offers stunning views over Los Angeles. There’s also the obligatory infinity pool, various outdoor seating areas, a gym, a theater room, and a garage beneath the house.
