1055 El Medio Avenue, Pacific Palisades, CA 90272
Single-family home
Sold March 2024
Listing Agent: Ryan Jancula (DRE #01904981) · Listing Office: Compass · Contact: 310-437-7500 · Bought with: D. Timothy Byrne · Compass · MLS #24374087 · Source: CRMLS
About this single-family home
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.
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history