Bel Air’s 260-Acre Senderos Canyon Property Up for Auction – The Hollywood Reporter

While it’s hard to imagine that an undeveloped property topping out at a whopping 260 acres could still exist in Los Angeles, just such a parcel is currently up for auction. The private Senderos Canyon spread is located in Bel Air and represents 6 percent of the total land mass of the ultra-pricey L.A. neighborhood.

“It’s about three times the size of Disneyland,” says co-listing agent Scott Tamkin of Compass’ Tamkin Real Estate Group. (Note: While Disneyland theme park itself is around 85 acres, the entire Disneyland resort including hotels and California Adventure is about 500 acres.)

The seller, who is unidentified, has set a minimum bid of $39 million for the crown-jewel property, which was last on the market in March for $60 million. It had first hit the market back in 2013 with a price tag of $125 million. Senderos Canyon is being auctioned by Paramount Realty USA and bidding for the 260-acre Bel Air property is open through March 15. “We feel now is the ideal time to let the market bring the best offer,” says Tamkin. Adds Paramount Realty founder Misha Haghani, “This property falls into a category we commonly refer to as unique and difficult to value — these types of properties really make great candidates for an auction. There aren’t many comps for a property like this. We were shocked to learn when this assignment first crossed our desk that there were 260 acres of property that hasn’t been developed in Bel…