Pacific Palisades real estate update: Recently sold homes (March-April)

Pacific Palisades is an exceptional place to buy a home. Its enviable beachside location and stunning mountainous views are just two of the many attractive features that make it a highly desirable place to live, driving its robust housing market.

For prospective buyers who want to take a look at recently sold properties in the area or real estate enthusiasts curious about the market’s current temperature, this guide was made to provide recent updates on Pacific Palisades real estate, with a focus on homes recently sold by The Respondek Group.

AT A GLANCE: LUXURY HOMES FOR SALE IN PACIFIC PALISADES

While considered a part of Los Angeles, Pacific Palisades is a far cry from the fast-paced environment the city is known for. Quieter and much closer to nature, the Palisades is a fantastic choice for anyone who wants a relaxed lifestyle in an upscale neighborhood.

Luxury homes for sale here are some of the most sought-after in the Los Angeles area. As for its property types, the large majority of homes for sale in Pacific Palisades are single-family homes, which make up about 90% of the total housing stock. Additionally, most properties here are owned, not rented.

Let’s take a look at the Pacific Palisades real estate market from March to April:

• For the said period, properties in Pacific Palisades were sold for a median price of $3.1 million. Meanwhile, the median listing price was at $4.8 million – that’s about a 12.2% year-over-year increase.
• For single-family homes, property prices started at $1.2 million and went upwards of $50 million. On the higher end, typical market rock stars were spacious estates with vast lots, typically with prime views of the water, if not a hilltop location.
• As for condos, prices started at $373,623 for a 1-bedroom residence and swang to $2 million for an upscale 2-bedroom unit. Note that there are only a few condos available in Pacific Palisades compared to single-family homes.
• For the March-April period, the sale-to-list price ratio was 97.24%. In other words, properties were being sold 2.76% below their asking price. This is good news for buyers as there is more room for negotiation and fewer chances of engaging in bidding wars.
• Finally, Pacific Palisades is currently a buyer’s market. With buyers taking the upper hand in the Pacific Palisades market, they have greater opportunities to secure an attractive deal in their home purchase. But, if you’re a seller, don’t worry – you’ll still be able to attract motivated buyers with the right approach. It also pays to keep an eye on any blips in the market climate for unique opportunities that will favor you.

RECENTLY SOLD HOMES IN PACIFIC PALISADES

1420 Bienveneda Avenue, Pacific Palisades; sold for $6 million

This recently remodeled, two-story luxury home in the guard-gated Ridgeview Country Estates neighborhood is a beautiful oasis with resort-like features. The expansive grounds measure more than an acre, providing ample space to set up multiple outdoor living and lounging areas. For relaxation, there is a custom pool with cascading waterfalls.

The main floor features a spacious living room, formal dining room, breakfast area, and kitchen in an open layout that makes it easy to entertain guests. High ceilings give the living area an airy and spacious atmosphere while fireplaces in five different rooms add to the cozy atmosphere. The kitchen is equipped with state-of-the-art appliances, including Sub-Zero and Wolf brands, and high-end fixtures such as a sizable island, a custom banquette, and Taj Mahal quartzite finishes.

Upstairs, the primary suite occupies one wing and includes a spacious office with a fireplace and terrace. The bedroom boasts magnificent views of both the hills and the ocean while the bathroom features an oversized spa tub for two. Three additional bedrooms are in the opposite wing, providing ample space and privacy.

1423 Chautauqua Boulevard, Pacific Palisades; sold for $4.5 million

Perched atop a hill just above The Village, 1423 Chautauqua Boulevard is a dream for anyone who wants to marvel at Pacific Palisades’ natural beauty. Its position treats residents to magnificent views of the Pacific Ocean below while also granting access to various parks and trailheads.

The property is ready for immediate construction of an 8,469-square-foot home, designed by the renowned architecture firm Woods + Dangaran, with interiors by the acclaimed designer Studio Mellone. The new design features a large main-level primary suite, five additional bedrooms, a dedicated office, and a separate gym/wellness center.

736 Swarthmore Avenue, Pacific Palisades; sold for $4.4 million

This stunning 5-bedroom residence in the Village Bluffs neighborhood offers unparalleled convenience and proximity to top-rated schools, green spaces, and shopping destinations.

The open floor plan on the main level creates a seamless flow between the kitchen, spacious dining area, and living room. Glass sliders blur the lines between the beautifully appointed interior and the landscaped backyard with a deck. The guest bedroom also has doors leading to the outdoor oasis.

Upstairs, the primary suite occupies one end, complete with soaring ceilings and large windows that flood the space with natural light. Two additional large bedrooms and a family room offer space and flexibility – the family room could easily be converted into a den or even an extra guest bedroom.

The backyard is the perfect spot for relaxation, complete with a scenic walking path leading to a private hot tub.

615 Palmera Avenue, Pacific Palisades; sold for $3.3 million

This captivating four-bedroom property boasts breathtaking canyon views with a hint of the ocean peeking through. Natural light floods the living room, den, and kitchen areas thanks to a stunning central skylight and tall windows. Two bedrooms are conveniently located on the main floor.

Upstairs, the spacious master suite features a large private deck and a versatile space that’s ideal as an extra bedroom or home office. Outside, a gorgeous living area awaits, perfect for entertaining and immersing oneself in the remarkable natural beauty of the Palisades.

817 Galloway Street, Pacific Palisades; sold for $3.1 million

This updated 3-bedroom gem at the heart of Alphabets Streets is one of many conveniently located properties in this neighborhood. Exceptionally and thoughtfully designed to accommodate every homeowner’s needs, 817 Galloway Street features an open floor plan for its spacious living room, kitchen, and dining space. Custom built-ins and gleaming hardwood floors adorn the main level while a fireplace makes the area even more inviting.

In the kitchen are top-of-the-line appliances, in addition to a dedicated wine fridge and a walk-in pantry.

As for bedrooms, the primary suite is located on the upper level and comes with a spa-like bath, a separate bedroom, and two walk-in closets. Another bedroom is found downstairs.

Outside, a private backyard features two beautiful patios for entertaining guests or letting the children play. Moreover, there’s additional space in the detached garage which features plenty of built-in storage.

1328 Las Pulgas Road, Pacific Palisades; sold for $7.8 million

This gorgeous and expansive trophy estate is located in the superb Palisair neighborhood where one is treated to breathtaking views of the ocean, Queens Necklace, or Catalina Island throughout different parts of the property. Designed in a Mediterranean architectural style, the home offers luxurious features and ample space for comfortable living.

On the main level is a grand entry that welcomes the owner to a spacious family room, perfect for entertaining guests or bonding with loved ones. The eat-in chef’s kitchen, complete with a breakfast area, allows for convenient homemade meals, and the spacious pantry is a home cook’s dream. The formal dining room boasts unparalleled views of the water, creating an elegant setting for dining.

The estate embraces indoor/outdoor living with an oversized sunroom that walks out directly to a relaxing terrace. The outdoor area is designed for accommodating groups and features a custom outdoor bar, a covered kitchen, and an oversized jacuzzi with a custom waterfall.

On the second level, the primary master suite offers excellent views of the Pacific. This room includes its own fireplace, wooden walk-in closets, and a gorgeous en-suite bathroom with luxurious features such as an elevated tub and steam shower.

Other highlights of the estate include its end-of-the-street location, a wine cellar capable of holding approximately 300 bottles, and a double-car garage with personalized storage. A custom-built room on the main level can be used for meditation, a gym, or yoga – whatever suits one’s lifestyle. A home office with custom built-ins serves as the ideal workspace.

783 Paseo Miramar, Pacific Palisades; sold for $8.2 million

Formerly owned by a member of the rock band The Beach Boys, 783 Paseo Miramar is a 4-bedroom property located in the highly coveted Paseo Miramar neighborhood. The architecture style is Mid-century and combines vintage charm with modern functionality. Outdoors, lush gardens offer uninterrupted views of the mountains and the sea. An outdoor deck and private pool area provide relaxation amid nature.

Inside, the home boasts an open living room with expansive nature views, flowing seamlessly into a custom chef’s kitchen equipped with gorgeous walnut cabinetry, limestone countertops, wine drawers, and modern appliances to meet all home-cooking needs.

A separate two-story studio just across the driveway features glass walls, a wooden staircase, and office areas. The studio is divided into two large spaces but may be combined into one. The bottom level is a gorgeous, expansive space with high ceilings that may be used as an extra den or storage room. The exterior is thoughtfully designed to evoke the atmosphere of Central Coast resorts.

1145 Chautauqua Boulevard, Pacific Palisades; sold for $6.55 million

Located just minutes from the Annenberg Beach House and the Marvin Braude Bike Trail, 1145 Chautauqua Boulevard is a 6-bedroom home with a 2-car garage, strategically positioned in the beautiful Upper Alphabet Streets neighborhood.

Inside, the main level features formal living and dining rooms that flow into a spacious great room. Sizable windows flood the interior with natural light while light-toned wooden floors and character millwork add to the home’s charm. The kitchen, embellished with white stone countertops, includes a seated island that’s perfect for casual meals, a cozy breakfast nook, abundant storage, and a convenient butler’s pantry. A smart home security system ensures utmost privacy even when the homeowner is away.

The lower level is a versatile, multifunctional space with high ceilings and a walk-out designed to keep the area airy and open. Entertainment options include a state-of-the-art home theater, a fitness studio, and a flexible recreation space. There is also a wine storage room on this level.

The home includes one en-suite bedroom on the main level, another on the lower level, and four more upstairs. The luxurious master suite features a private balcony with breathtaking mountain and canyon views, ideal for enjoying sunrises and sunsets. The master bath boasts a glass-enclosed shower, a soaking tub, and a spacious walk-in closet.

17965 Surfview Lane, Pacific Palisades; sold for $4.3 million

Located on a serene cul-de-sac in Pacific View Estates, 17965 Surfview Lane is the quintessential ocean-view property. The outdoor area is an entertainer’s dream, featuring a sprawling 20,000-square-foot backyard with a private pool and spa. The outdoor living room comes complete with a TV, ample seating, and a built-in barbecue grill. For the pizza lover, there’s a wood-burning pizza oven in the outdoor kitchen. To complete the package, a private deck offers stunning 180-degree ocean views.

Inside, the main level features a grand foyer with high ceilings and a staircase. The open-concept living area is bathed in natural light via large windows while the spacious living room includes a fireplace and connects to the formal dining room. The kitchen was designed with the home cook in mind and comes equipped with a baking station, wine fridge, granite countertops, and ample cabinet space.

Upstairs are four bedrooms and two office spaces. The primary suite is a luxurious retreat, offering a large bedroom, a sitting area, an office, and a picturesque attached deck. The spa-like bathroom features a soaking tub and a separate shower.

DISCOVER PACIFIC PALISADES WITH THE RESPONDEK GROUP

Become part of the Pacific Palisades community with the help of James Respondek. As one of the most reliable figures in the Pacific Palisades and Los Angeles real estate market, James and his team, The Respondek Group, are more than happy to facilitate your next real estate transaction in the Palisades.

If you’re ready to explore luxury homes for sale in the Pacific Palisades, don’t hesitate to reach out to James at 310.488.4400 or through email.