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.!)


Anonymous 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).

Anonymous said...

These articles are fantastic; the information you show us is interesting for everybody and is really good written. It’s just great!! Do you want to know something more? Read it...:Great investment opportunity in Costa Rica: condo costa estate real rica, condo costa rica, condos for sale in costa rica. Visit us for more info at:

Anonymous said...

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