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$4,099,000

Beds
5
Baths
4.5
sq ft
6,435

729 Enchanted Way, Pacific Palisades, CA 90272

729 Enchanted Way

Pacific Palisades, CA 90272

  • 94 days on market
    • Price drop $225,000↓
Situated in the prestigious Pacific Palisades, this stunning property offers 180 degrees of ocean, city and mountain views on an 11,134 sq.ft lot. Discover the ultimate canvas for your dream home, complete with Ready to Issue Permits [Property will be delivered vacant and with RTI at the close of escrow] for this 6,435 sq.ft custom home designed by the acclaimed architecture firm Ghatit Studio led by Adham El Ghatit, a protege of Marmol Radziner and Walker Workshop. The plans offer a primary suite and 4 additional bedrooms, open concept living kitchen, dining room. A finished walkout basement includes home gym/yoga studio, 3/4 bathroom, screening room and wine cellar. The backyard plans for a kitchen, pool and extensive patio with incredible panoramic views. Beyond the backyard property line there are expansive canyon unobstructed views. Thoughtful amenities and convenience to the many schools, hiking trails, Pali Village and the beach this property is a rare gem for those with aspirations of a luxury custom home in an unparalleled coastal setting. Alternatively, there is also the option to remodel the existing 4 bedroom 2 1/2 bathroom home. At 2,174 sq.ft on 11,134 sq.ft lot there is plenty of room for expansion as well, if more space is desired.

Details

Property type

Single Family Residence

Est. home value

$3,873,645

Lot size

0.257 acres

Price per sq ft

$637

Year built

1956

HOA

No

Price History

10/29/2024
CLAW

CLAW #24426041

Price change
$4,099,000
-5.2%
09/26/2024
CLAW

CLAW #24426041

Price change
$4,324,000
-3.89%
08/09/2024
CLAW

CLAW #24426041

Listed
$4,499,000
+36.33%

Schools & Community

Neighborhood: 

Pacific Palisades

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

City National Bank

Loan start date

May 2022

Original loan amount

$2,720,000

Est. remaining balance

Not provided

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

John Penotti and Sheryl Penotti

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: 11/22/2024 at 4:10 AM

Listing updated: 10/30/2024 at 6:10 PM

Listed by: Adam 'Aumi' Katz, Rodeo Realty - Pacific Palisades Phone #: (310) 566-4400

MLS: CLAW #24426041

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