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1055 El Medio AVE Pacific Palisades, CA 90272
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Key Details
Sold Price $5,795,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,214 sqft
Price per Sqft $2,617
MLS Listing ID 24374087
Bedrooms 3
Full Baths 2
Half Baths 1
Year Built 1956
Lot Size 0.702 Acres
Property Description
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 Assessment 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.
Location
State CA
County Los Angeles
Area C15 - Pacific Palisades
Zoning LARE15
Interior
Heating Central
Cooling None
Flooring Carpet, Vinyl
Fireplaces Type Dining Room, Living Room
Laundry Inside
Exterior
Pool In Ground
View Y/N Yes
View City Lights, Coastline, Mountain(s), Ocean
Building
Story 1
New Construction No
Others
Special Listing Condition Standard
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Bought with D. Timothy Byrne • Compass