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$18,500,000

Beds
4
Baths
3.5
sq ft
Unknown

992 Napoli Dr, Pacific Palisades, CA 90272

992 Napoli Dr

Pacific Palisades, CA 90272

  • 33 days on market
Welcome to 992 Napoli Drive. Located in one of Los Angeles' most desirable neighborhoods in Palisades Riviera, with stunning views overlooking the exclusive Riviera Country Club. Here you have the opportunity to build your dream home with RTI-approved plans completed by the renowned Architectural Firm, Richard Landry Design Group. The plans include approximately 17,130 square feet, featuring 5 bedrooms and 10 bathrooms. This three-story luxury home sits on a 20,890-square-foot lot.The first floor includes an office, open kitchen and living concept, separate chef's kitchen, formal dining room, and a separate lounge and bar area that flow seamlessly into a sun-room overlooking the pool. The rear of the home is lined with walls of glass, providing a perfect view of the yard and Riviera Country Club.On the upper level, you'll find two oversized en-suite guest bedrooms, multiple outdoor terraces, and a primary suite with dual baths, walk-in closets, and an additional outdoor terrace overlooking the yard and views beyond. The laundry room is conveniently located on the upper level. The lower level features an additional en-suite guest bedroom and staff quarters with an en-suite bath. Additionally, there is an array of amenities including a full theater with seating for 18, a lounge, gym, wellness spa with dry and wet sauna, a massage area, and a recreation room that opens towards the rear of the property. The plans also include a large grassy area, a covered patio with multiple outdoor entertaining areas, a fire pit, an infinity edge pool with a baja shelf, and a spa. Parking includes space for 9 cars with a driveway, a two-car garage, and an additional lower-level garage with lifts and a turntable. Modern conveniences such as a vault, elevator, and multiple outdoor water features complete this future property. This is an opportunity to build your forever home in one of the most idyllic locations in Pacific Palisades, with nearby hiking, the Pacific Ocean, Palisades Village, and an array of shopping and dining options.

Details

Property type

Single Family Residence

Est. home value

$15,044,668

Lot size

0.4804 acres

Price per sq ft

Unknown

Year built

1941

Monthly HOA fee

$29.17

Price History

05/29/2024
CLAW

CLAW #24396941

Listed
$18,500,000
+46.83%
06/30/2021
CLAW

CLAW #21709590

Sold
$12,600,000

Schools & Community

Neighborhood: 

Pacific Palisades

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

$9,778,034
Asking price
$18,500,000
Closing costs (~8% of asking)
-$1,480,000
Est. remaining loan balance
-$7,241,966
Cash to seller
$9,778,034

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

May 2021

Original loan amount

$8,800,000

Est. remaining balance

$7,241,966

Interest rate

2.42%

Loan type

New Conventional, 15 year

Seller

992 Napoli 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: 07/01/2024 at 10:55 AM

Listing updated: 06/06/2024 at 9:35 AM

Listed by: Santiago Arana, The Agency Phone #: (424) 400-5900

MLS: CLAW #24396941

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