An under-construction penthouse in Beverly Hills is poised to sell for $200 million—a price that would smash the condominium sales record in the Los Angeles area, according to the developer.
Located at Aman Beverly Hills, the residence will occupy half of the top two floors of a 28-story tower, the first of two planned condo towers being developed alongside a 78-room Aman hotel. The penthouse is reserved, meaning a buyer has paid part of a deposit. The buyer couldn’t be determined.
A mirroring penthouse is available for $200 million, said Larry Green, senior managing director of Cain Development, which is co-developing the project with Vladislav Doronin’s OKO Group.
Both penthouses will have 16,810 square feet of interior space, with another roughly 14,265 square feet of outdoor space, including a rooftop terrace and two private swimming pools. In addition to views of the Pacific, the Hollywood Hills and downtown Los Angeles, condo owners will have access to a 100,000-square-foot private club, as well as the hotel’s spa, fitness center and restaurants.
Historically, single-family homes in the L.A. area have fetched far higher prices than condos though several luxury condo projects are seeking to upend the status quo. The current condo sales record is $39.2 million, set at the Century building in 2025.
Aman Beverly Hills, designed by Kerry Hills Architects, will be the centerpiece of One Beverly Hills, a 17.5-acre site near Rodeo Drive. More than $1 billion worth of condos at the forthcoming Aman residences are under contract or reserved since sales launched in early 2025, Green said. The first tower is slated to have 69 units, with prices starting at $20 million for a 3,600-square-foot residence with two bedrooms.
In June, a buyer agreed to pay $107 million for an unfinished full-floor unit that Aman will build out for an added cost. A $46 million condo and a $39.8 million condo are also under contract. The buyers couldn’t be identified. Every unit in the building will have its own pool.
“We think $200 million for the penthouse is a great value,” said Green, who said the developers believe there is a deep market for condos of this caliber, which have never been built in the area.
Los Angeles still has a “horizontal culture,” said Michael Nourmand of Nourmand & Associates. Most people want indoor-outdoor living and don’t want to share walls. Although he expects the Aman project to defy expectations and set price records, he said $200 million feels “overly ambitious.” There isn’t a single-family home in the area that has sold for that much, he said. The record is held by the Warner Estate, which sold for $165 million in 2020.
Cain and OKO are developing the project in partnership with Eldridge Industries, founded by Todd Boehly, a co-owner of the Los Angeles Dodgers. Set to be completed in phases starting in 2028, the $10 billion development will connect the Waldorf Astoria Beverly Hills and the Beverly Hilton, where Cain and OKO have set up a sales suite for prospective condo buyers. “We’re not selling the dream on the outskirts of town,” Green said. “We are at the bull’s-eye.”
Aman sees the project as its U.S. flagship, according to people familiar with the brand. The brand has 36 properties around the world, including New York, where Doronin purchased a five-story penthouse at the Crown Building for $135 million in 2024.
L.A.’s real-estate market has slowed over the past year. The number of condo sales during the second quarter of 2026 dropped 1.3% compared with the prior year, while the median condo price was $723,000, down 2.3% year-over-year, according to data from Sotheby’s International Realty.
So far, buyers at the Aman Residences are mostly Angelinos, Green said. Beverly Hills isn’t subject to L.A.’s mansion tax, and a possible California wealth tax is driving prospective buyers to consider trading large single-family homes for a condominium where they can live part of the year. “This is the type of home where you can really just lock it up and go,” he said.
