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$5,579,000

Beds
5
Baths
4.25
sq ft
4,306

18047 Blue Sail Dr, Pacific Palisades, CA 90272

18047 Blue Sail Dr

Pacific Palisades, CA 90272

  • 167 days on market
    • Price drop $316,000↓
Ideally located in the coveted Pacific View Estates, this exceptional Cape Cod-style, 5-bedroom residence is a perfect blend of elegant design and breathtaking vistas. The captivating ocean views stretch from the Queen's Necklace to Catalina Island and the distant horizon, offering a picturesque setting that defines coastal living at its finest! The elegant front yard, with seating/dining areas and a fire-pit, leads to a two-story entry accentuated by the interplay of space and natural light. The inviting living room, with fireplace and stylish bar, extends to both the front and back yards, creating a harmonious integration of indoor and outdoor spaces. Past the open dining room, the chef's kitchen presents a true culinary haven. Anchored by a spacious center island with a breakfast bar and abundant storage, the kitchen showcases the pinnacle of culinary innovation with top-tier Miele, Viking, and Thermador appliances, including a 6-burner range, double ovens, dual refrigerators/freezers, and a separate wine fridge. The adjacent informal dining area and the spacious family room, both with a profusion of natural light, flow seamlessly to the outdoors, facilitating endless entertaining possibilities. The upper level contains all five bedrooms, including the sanctuary-like primary suite with sublime ocean views, a spacious walk-in closet, cozy office, and a serene bathroom retreat, offering an oversized shower, spa tub and dual vanities. Rounding out the suite is the private deck, capturing the panoramic vistas, with access to the lush grounds by means of a spiral staircase. Down the hallway are four bedrooms consisting of two suites and two bedrooms with a shared bathroom, which are utilized as an office and a gym. The laundry room is also conveniently located on this level. The magical rear outdoor space features an enticing fire-pit/lounge, spa, outdoor kitchen/barbecue, alfresco dining beneath a charming trellis with heaters, and attractive pathways leading up the landscaped hillside slope to mesmerizing, over-the-rooftop views. This remarkable residence offers an additional array of desirable features, including exquisite millwork, attractive wood floors, an outdoor shower, water-softener system, surround-sound Sonos system, whole-house generator, three-zone HVAC system and a finished, two-car garage with ample storage. Don't miss this rare opportunity to experience a unique level of coastal living in this truly impressive Pacific Palisades home!

Details

Property type

Single Family Residence

Est. home value

$6,099,215

Property condition

Updated/Remodeled

Lot size

0.4764 acres

Price per sq ft

$1,296

Year built

Unknown

HOA

No

Price History

06/17/2024
CLAW

CLAW #24346063

Listed
$5,579,000
05/21/2024
CLAW

CLAW #24346063

Pending
$5,579,000
05/08/2024
CLAW

CLAW #24346063

Price change
$5,579,000
-5.36%

Schools & Community

Neighborhood: 

Pacific Palisades

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$4,341,683
Asking price
$5,579,000
Closing costs (~8% of asking)
-$446,320
Est. remaining loan balance
-$790,997
Cash to seller
$4,341,683

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

September 2020

Original loan amount

$1,010,000

Est. remaining balance

$790,997

Interest rate

2.44%

Loan type

New Conventional, 15 year

Seller

Richard G Newman Jr and Newman Family Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/01/2024 at 9:55 AM

Listing updated: 06/17/2024 at 4:53 PM

Listed by: Dan Urbach, Compass

MLS: CLAW #24346063

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