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$22,000,000

Beds
5
Baths
8.0
sq ft
6,647

966 Palisades Beach Rd, Santa Monica, CA 90403

966 Palisades Beach Rd

Santa Monica, CA 90403

  • 3 days on market
    • Open house Sep 22
Nestled on the exclusive Palisades Beach Road, known as the original "Billionaire's Beach," the pedigree of this fully turnkey, oceanfront private retreat is second to none. Artfully crafted by the renowned luxury lifestyle brand Molori Design, ownership by Kirk Lazarus and Marc Appleton Architects, this iconic beachfront, resort-style estate offers unobstructed ocean views and direct access to the pristine Pacific coastline, all while being moments from world-class dining, shopping, and entertainment. From the chevron antique oak floors to the semi-precious stone accents this custom coastal estate boasts meticulous attention to detail and luxurious European finishes in every corner. Step into the grand foyer and enter an expansive formal living room with panoramic ocean views. An exquisite wooden bar handcrafted with Ebony Macassar; one of the rarest woods in the world, effortlessly extends to a spacious outdoor deck, perfect for entertaining and alfresco dining. The gourmet kitchen, inspired by the world-renowned El Buti restaurant and masterfully designed by acclaimed chef Juan Carlos Ramos, is equipped with top-of-the-line Wolf appliances, while the elegant 25-person dining room features sleek French doors that open to capture the serene coastal breeze. All doors are designed to bring the outside to the inside. Upstairs, discover the opulent primary suite with mesmerizing ocean vistas and a cozy wood-burning fireplace. The lavish, spa-inspired bathroom includes a luxurious claw-foot tub, steam shower, and an oversized walk-in closet. A second suite boasts retractable glass doors that collapse, extending the room to a private outdoor terrace with a jacuzzi. Each guest suite features a built-in coffee and tea station, along with a state-of-the-art bar refrigeration system, offering the luxury and convenience of a five-star hotel suite. Experience the quintessential beachfront lifestyle in your resort-like outdoor oasis with an infinity pool, spa, cold plunge, and dedicated lounge area. Outdoor amenities also include a custom stainless steel and stone kitchen by Kalamazoo with seating, a wood-fired custom bbq, refrigerators, an ice machine, dish washer, pizza oven and storage as well as a dining area. No detail has been spared with a state-of-the-art home theater, game room, cutting-edge gym with yoga and pilates equipment, a serene steam room and a massage room that could serve as an optional sixth bedroom. Additional amenities include 24-hour security, complete Control4 home automation, sound-engineered windows and doors, temperature controlled floors, a private garage, and extra guest parking. Your permanent vacation awaits at 966 Palisades Beach Rd. Don't miss the rare opportunity to acquire this ultimate destination retreat along one of the most sought-after shorelines in the world.

Details

Property type

Single Family Residence

Est. home value

$5,786,135

Property condition

Updated/Remodeled

Lot size

5,470 sq ft

Price per sq ft

$3,310

Year built

2015

HOA

No

Price History

09/16/2024
CLAW

CLAW #24439665

Listed
$22,000,000

Schools & Community

Neighborhood: 

Santa Monica Pier Area/Ocean Avenue

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

Midfirst Bank

Loan start date

June 2019

Original loan amount

$5,000,000

Est. remaining balance

Not provided

Interest rate

3.63%

Loan type

Credit Line (Revolving)

Seller

966 Pbr Llc

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: 09/19/2024 at 9:40 AM

Listing updated: 09/18/2024 at 5:29 PM

Listed by: Cynthia Ambuehl, Christie's International Real Estate SoCal Phone #: (424) 249-7162

MLS: CLAW #24439665

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