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$12,400,000

Beds
8
Baths
8.5
sq ft
7,354

506 Palisades Ave, Santa Monica, CA 90402

506 Palisades Ave

Santa Monica, CA 90402

  • 5 days on market
Welcome to 506 Palisades Ave, an elegant Tuscan retreat ideally situated a short stroll to Montana Ave's shops & dining and world class beaches. Beyond privacy hedges and lush grounds, enter the home and appreciate old-world craftsmanship & materials such as custom stone & wood work, beamed ceilings, arched doorways, and detailed built-ins, molding and trim. A double-height foyer connects to grand living spaces including a spacious living room with vaulted ceiling, formal dining room, stately home office, and comfortable family room. The chef's kitchen with island and breakfast room walk out to a peaceful garden, dining terrace with built-in BBQ, and saltwater pool & spa with waterfall. Upstairs a luxe primary suite boasts two walk-in closets, fireplace, and a spa- like bathroom. The basement level exudes sophistication and style, featuring an entertaining lounge with wet bar accentuated by wine racks, fireplace, and ceilings adorned in brick. Enjoy your favorite film in the plush theatre with recliner seating for eight. With seven bedrooms in the main residence plus a charming detached guest house, your family and visitors are afforded complete comfort and privacy. Home can also be purchased furnished with most furniture available as per listing photos. Furniture not included in listing price.

Details

Property type

Single Family Residence

Est. home value

$10,248,187

Lot size

8,575 sq ft

Price per sq ft

$1,687

Year built

2005

HOA

No

Price History

01/17/2025
CLAW

CLAW #25483155

Listed
$12,400,000

Schools & Community

Neighborhood: 

North of Montana

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

$6,716,049
Asking price
$12,400,000
Closing costs (~8% of asking)
-$992,000
Est. remaining loan balance
-$4,691,951
Cash to seller
$6,716,049

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

Seller’s Loan History

Lender

Pnc Bank Na

Loan start date

February 2022

Original loan amount

$5,000,000

Est. remaining balance

$4,691,951

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Robin Nydes and Matilda Nydes

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: 01/22/2025 at 12:45 PM

Listing updated: 01/17/2025 at 3:05 PM

Listed by: David Kramer, Compass Phone #: (310) 230-5478

MLS: CLAW #25483155

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