Pacific Palisades, CA 90272,1055 El Medio AVE

$5,795,000

Est.Price: ?

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Est. payment /mo

3 Beds

3 Baths

2,214 SqFt


SOLD DATE : 03/28/2024

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

Sold Date 03/28/24

Bedrooms 3

Full Baths 2

Half Baths 1

HOA Y/N No

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

Furnishings Unfurnished

Fireplace Yes

Appliance Gas Cooktop, Oven, Refrigerator

Laundry Inside

Exterior

Pool In Ground

View Y/N Yes

View City Lights, Coastline, Mountain(s), Ocean

Attached Garage No

Building

Story 1

Entry Level One

Architectural Style Ranch

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4420006024

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Ryan Jancula • Compass
Bought with D. Timothy Byrne • Compass
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+1(818) 294-0414

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25101 The Old Road Suite 240, Ranch, Ca, 91381, United States

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