717 N Alta Dr

First Time Available in Over 50 Years Prime Beverly Hills Flats Estate Opportunity. Located on one of the most prestigious streets in the Beverly Hills Flats, this rare offering sits on an expansive 21,200+ sq. ft. elevated lot, providing exceptional potential to renovate, expand, or build a world-class estate. Surrounded by mature jacarandas and lush landscaping, the existing residence is set back from the street behind a wide circular driveway, offering privacy, charm, and a commanding presence. The current 5-bedroom, 5-bath traditional-style home features a spacious layout, including a primary suite, guest suite, and multiple gathering rooms filled with natural light. Classic details like stonework, dormer windows, and a slate roof lend timeless curb appeal, while the generous footprint offers versatile living and entertaining options. Outdoor amenities include a north-south tennis court grandfathered in which cannot be replicated under current zoning and a sparkling pool, both positioned for privacy and usability. Set on a gentle rise, the lot may afford partial second-story glimpses of surrounding hills depending on future architectural design.Whether you restore the existing residence or design a bespoke luxury compound, this is one of the last remaining large parcels in the Flats with such favorable topography, scale, and positioning.