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$6,195,000*
●
House -
Off Market
1055 El Medio Ave
Pacific Palisades, CA 90272
3 Beds
2.5 Baths,
1
Half Bath
2214 Sqft
$5,576,000 - $6,814,000
Reference Base Price*
0.00%
Since Dec 1, 2023
National-US
Primary Model
Sold Mar 26, 2024
$2,028,500
Buyer
Seller
$4,056,500
by Citibank, Na
Mortgage Due Apr 01, 2054
Sold Mar 26, 2024
$3,767,000
Buyer
About This Property
Build Your Dream Estate: Private Promontory of Mountain and Ocean
Views on nearly 3/4 Acres! This private promontory ocean and
mountain view lot features over 338ft+ of frontage exemplifying the
270 degrees of ocean views. This lot offers incredible potential to
build a 10,000+ SF private and secluded estate that has massive
ocean, city, and mountain views on a 30K+ SF lot in the highly
sought-after Upper El Medio of Pacific Palisades only moments to
Palisades village. This lot boasts breathtaking vistas perched on a
view knoll surrounded by nature and lush trees overlooking multiple
$20M+ estates. The long driveway leads to the private and secure
lot, offering a peaceful, serene retreat while being in close
proximity to Palisades Village, scenic hiking trails and the beach.
The existing 2,214 SF 3 bed 2.5 bath home on the lot features a
pool, detached garage with bonus room, and ample parking that can
be leased out while obtaining your entitlements. This property is
NOT located in the California Coastal Commission jurisdiction
(buyer to verify). This is one of very few ocean view promontory
lots in the Palisades with this proximity to the Palisades Village,
lot size, privacy, and the potential to build a $20M+ house in the
Palisades.
The manager has listed the unit size as 2214 square feet.
The manager has listed the unit size as 2214 square feet.
Unit Size
2,214Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$2,798
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1956
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Nov 18, 2023 | No longer available | - | |
No longer available | |||
Nov 17, 2023 | Relisted | $6,195,000 | |
Relisted | |||
Oct 12, 2023 | No longer available | - | |
No longer available | |||
May 18, 2023 | Price Decreased |
$6,195,000
↓ $300K
(4.6%)
|
|
Price Decreased | |||
Mar 16, 2023 | Listed | $6,495,000 | |
Listed |
Property Highlights
Building Info
Overview
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes