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$17,850,000

Beds
4
Baths
5.25
sq ft
8,800

888 Toulon Dr, Pacific Palisades, CA 90272

888 Toulon Dr

Pacific Palisades, CA 90272

  • 118 days on market
    • Price drop $2,038,000↓
Welcome to this extraordinary home in the highly desirable Riviera Palisades neighborhood. Crafted with meticulous detail and designed by Maryl Georgi, this bespoke residence showcased superb quality and recently underwent a complete renovation leaving no detail untouched. Situated on a corner 1/3 acre parcel with no neighbors on 2 sides this home has ultimate privacy with its fully enclosed and lushly hedged landscaping and gated entry. Spanning 3 levels which are all accessed by a beautifully paneled elevator connecting each floor. As you enter the main level the elegant entrance welcomes you and features a Bleu Chinois aged limestone floor which sets the tone for the luxurious atmosphere throughout. The Wainscot paneled living room has European oak hardwood floors and and highlighted by a marble fireplace. French doors open and reveal the private and sunny pool and spa area. There is a library with another fireplace, elegant wood paneling, coffered ceilings, and French windows that frame the view of dramatic Koi pond. The powder room off the entry retains the same floors as the entry and features a unique petrified wood sink pedestal. There is a second powder room off the kitchen/family area. The kitchen is a haven of light and quality with top of the line appliances including a Blue Star range and oven, separate Sub Zero fridge and freezer, Sub Zero wine fridge, warming drawer, 2 dishwasher drawers, Miele dishwasher, Paonazzo marble countertops and walnut chopping block on the center island. There is separate pantry and butlers pantry to the dining room. Adjacent to the kitchen is a sunlit breakfast room. This all opens to a family room with another fireplace, 300 bottle wine wall, large screen tv, a stylish bar with brass accents that opens with French doors to a fantastic outdoor area which has a lounging area, grassy yard, water wall and built in pizza oven and rotisserie. Moving upstairs the primary has another fireplace, walls of French windows and doors with electronic shades and curtains and a balcony with views of Riviera CC and peek-a-boo ocean view. There is sitting room plus a second sitting room with well appointed bathroom. The other 2 en-suite bedrooms on this level have balconies and French doors. A huge upper landing can be a living room or office. Down to the lower level to find a 4th en-suite bedroom with a separate area which could be a gym of office, a 10 seat theater and a laundry room with double washers and dryers. Completing the home is a 1000 sq. ft. 3 car garage with Tesla charger plus off street parking for another 5 or more cars. And yet there is so much more detail. This is a very special home unlike the cookie cutter homes you are used to seeing. Also for lease at $59,500.

Details

Property type

Single Family Residence

Est. home value

$12,885,931

Lot size

0.3218 acres

Price per sq ft

$2,029

Year built

1994

Monthly HOA fee

$25

Price History

06/17/2024
CLAW

CLAW #24343445

Price change
$17,850,000
-10.25%
03/20/2024
CLAW

CLAW #24343445

Price change
$19,888,000
+11.42%
03/15/2024
CLAW

CLAW #24343445

Listed
$17,850,000

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

First Republic Bank

Loan start date

September 2022

Original loan amount

$5,000,000

Est. remaining balance

Not provided

Interest rate

3.95%

Loan type

New Conventional, 30 year

Seller

Stephen Shapiro and The Stephen Shapiro Revocable 1996 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?

Status: Active

Tomo last checked: 07/01/2024 at 11:00 AM

Listing updated: 06/18/2024 at 9:43 AM

Listed by: Stephen Shapiro, Westside Estate Agency Inc. Phone #: (310) 247-7770

MLS: CLAW #24343445

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