tomo logo

$12,895,000

Beds
7
Baths
6.0
sq ft
7,200

226 Palisades Ave, Santa Monica, CA 90402

226 Palisades Ave

Santa Monica, CA 90402

  • 58 days on market
Exceptional East Coast traditional storybook residence on a sprawling triple lot located in the most highly coveted Santa Monica neighborhood, North of Montana, less than a block away from Santa Monica's Gold Coast Beach and Palisades Park. Originally constructed by renowned architects Greene and Greene in 1917, this fully renovated, truly remarkable American shingle abode is completely one of a kind, unlike any of their other work. The expansive main residence welcomes in bright sunlight through charming windows and French doors capturing views of the lush, sprawling yard. The main level showcases a traditional living room with custom built-ins and window seats, elegant formal dining, a vast family room, and one of the 5 bedrooms. The second level boasts the additional 4 sizable bedrooms in the main home including a considerable primary suite with luxurious en-suite and substantial walk-in closet. An inviting playroom is located on the third level. This flat half acre plus lot offers an ample brick-paved, horseshoe driveway, a vine adorned two-story A-Frame music studio used by notable artists Jackson Browne, Daryl Hannah and Emmy Award winning John Bowman, a two Bedroom Guest House with full kitchen and bath, generous pool and spa, fire pit, pickle ball & paddle tennis court, a built-in outdoor grill, multiple entertaining decks to enjoy indoor-outdoor living and a rose garden, all fully enclosed by 30 foot hedges and mature trees. Gravel paths and an abundant grassy pad, that has hosted countless games of croquet, complete this idyllic, ultra-private lot. Remarkable opportunity to reside in this history-rich, admirably crafted masterpiece.

Details

Property type

Single Family Residence

Est. home value

$14,948,717

Lot size

0.6024 acres

Price per sq ft

$1,791

Year built

1917

HOA

No

Price History

05/06/2024
CLAW

CLAW #24386133

Listed
$12,895,000
-19.36%
03/22/2024
CLAW

CLAW #24350361

Removed
$15,990,000
01/23/2024
CLAW

CLAW #24350361

Listed
$15,990,000

Schools & Community

Neighborhood: 

North of Montana

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

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

Lender

Stifel Bank & Trust

Loan start date

February 2013

Original loan amount

$592,500

Est. remaining balance

$167,238

Interest rate

2.65%

Loan type

New Conventional, 15 year

Seller

John F Bowman and Shannon Gaughan

Lender

Citimortgage Inc

Loan start date

January 2001

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

7.12%

Loan type

VA, 30 year

Seller

John Bowman and Shannon G Bowman

Lender

Bank Of America National Tr & Svgs Assn

Loan start date

November 1995

Original loan amount

$1,830,500

Est. remaining balance

Not provided

Interest rate

6.87%

Loan type

Not Provided, 30 year

Seller

John Bowman and Shannon Gaughan Bowman

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?

Status: Active

Tomo last checked: 07/03/2024 at 8:40 AM

Listing updated: 06/27/2024 at 10:13 AM

Listed by: Josh Flagg, Compass Phone #: (310) 230-5478

MLS: CLAW #24386133

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