MAJOR PRICE REDUCTION- BEST VALUE IN THE HUNTINGTONNow Offered Over $1 Million Below Original List Price. Available for the first time in nearly 30 years, 700 Chapala Drive presents a truly rare, generational opportunity to acquire an expansive 14,437 sqft double lot in the highly sought-after Huntington Palisades. Complete with plans for a 6,972 SQFT residence designed by Ken Ungar--with the option to add an additional 10% in square footage--this offering is poised for a remarkable custom build. Ideally located within walking distance to the Palisades Village, the property offers a coveted balance of tranquility and accessibility to the area's premier shopping, dining, and lifestyle amenities. Just moments from Potrero Canyon Trail, which leads directly to the ocean, residents of Huntington Palisades enjoy access to a private oceanfront HOA park--an exclusive setting ideal for everyday enjoyment, private gatherings, and recreation. The lot showcases open mountain views, striking sunsets, and beautiful natural light, creating an inspiring backdrop for a future estate. With its rare size, flat topography, and prestigious setting, this parcel offers an exceptional canvas to build a timeless traditional residence, bold contemporary home, or resort-style family compound. Offering exceptional value for a property of this scale and location, opportunities of this caliber are exceedingly rare--making this a chance to create a true legacy property in one of Los Angeles' most coveted coastal enclaves.