Friday, July 27, 2007

Gold Coast

At the high end of Santa Monica is this 6 bed / 6 bath house on an 8,415 sq.ft. lot at 1020 Palisades Beach Rd. (PCH), asking $10.55M (reduced from $11.75M). The only other house in the last two years close to this price was 2407 La Mesa, overlooking the Riviera Country Club, sold 12/12/06 for $10.5M (was asking $12.9M, then reduced to $10.9M).

The listing shows its beach-facing yard and pool, with the this description: "Romantic beachfront Jon Byers Mediterranean with ocean views from his/hers separate master suites each with fireplace. Lovely inner courtyard with beautiful spanish tile & balcony. Tile in entry, tiled stairs, high ceilings, dining room with wood-burning fireplace & butler’s pantry. This house was built for Norma Talmadge in true Old Hollywood stlye. Completely renovated by Tim Corrigan. Stunning!!! Short term lease also available for $25,000/mo. Price negotiable."

It's a grand old house facing the beach. And next to PCH and a parking lot. Wonder how it'll do. (Hey, that's a cheap lease. Divide by ten: $2,500/mo for a $1.05M house would be a good deal for the renter, right? Better than $3,600/mo for 2416 21st St.!)

4 comments:

lasocal said...

wow, 10 and half mil to live next to a parking lot? I guess if you can afford to spend that much on a home you ought to have enough left over to install double-paned soundproof windows to block out the grating shriek of Joe-Six-Pack's car alarm.

Anonymous said...

"to block out the grating shriek of Joe-Six-Pack's car alarm."

That, and the music blaring from people's car stereos at 5:30AM, and the disputes over prime benches or whatever the homeless argue about (I run along the beach and can't believe what people put up with to live down there).

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Anonymous said...

location, location, location. The Marin Real Estate market is the exact same.