261 South Reeves Drive

261 South Reeves Drive is a condo located in Beverly Hills, Beverly Hills. The building was first built in 1926 and is 98 years old. The lot that the building was built on is 500 feet wide and 1,210 feet long. 261 South Reeves Drive has a total of 1 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! On weekends, residents can enjoy the building's patio. There are 7 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 134 days and tend to sell below the original asking price of $1,600,000 by 17.45%. Meaning, listings tend to sell at a median of $807 price per square foot. The transaction that took the longest to complete was unit 202, listed on Mar 20, 2021 for $1,599,000. This particular unit ultimately sold 160 days later for $1,320,000. The most recent transaction was for unit 201, sold for $1,350,000 on Jan 11, 2024. Fun fact, the oldest transaction we have on record took place on Jan 24, 2002. See the full transaction history for 261 South Reeves Drive below.

Beverly Hills, where 261 South Reeves Drive is located, has a median asking price of $1,499,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,600,000. For interested buyers, that means the building's median asking price is around inf% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There are currently 2 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $1,475,000. It is a 1,572 sqft 2 bedroom and 2.5 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $1,449,000. It is a 1,697 sqft 2 bedroom and 2.5 bathroom unit. A breakdown of active listings shows no studio, no one-bedroom, 2 two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $1,462,000. Collectively, the median square footage of these active units for sale is 1,635 sqft. Active units for sale at 261 South Reeves Drive are mostly 2-bedroom apartments Active units for sale at 261 South Reeves Drive have a median count of 2 bedrooms and have a median count of 2.5 bathrooms.