517 Palisades Drive, Pacific Palisades, CA 90272
517 Palisades Drive, Pacific Palisades, CA 90272
Property Description
One or more photos have been virtually staged with furniture. A rare opportunity to own a home at an exceptional price in one of Pacific Palisades’ most prestigious and upscale communities. Welcome to this light-filled, three-bedroom, two-bath residence in the sought-after Casa Gateway Affordable Housing Community, ideally situated where Sunset Boulevard meets Palisades Drive in the Highlands. Enjoy breathtaking ocean views from the dining-area balcony and the opportunity to reimagine the interior to reflect your personal style. The open-concept floor plan offers seamlessly connected living spaces, two private balconies, and numerous windows that welcome natural light and refreshing coastal breezes. The sunlit kitchen is well suited for everyday living and entertaining, featuring a breakfast counter and ample cabinetry. The primary suite includes a private balcony, an en-suite bathroom with a separate tub and water closet, an exterior vanity area, a walk-in closet, and additional storage. The seller has recently refreshed the residence with a new coat of interior paint, new toilets with washlets, new window blinds, and resurfacing of both private balconies. Professionally managed and beautifully landscaped grounds provide a peaceful residential setting. The detached garage includes two tandem parking spaces, a remote-controlled garage door, and additional secured storage. Located moments from world-renowned beaches, the Self-Realization Fellowship Lake Shrine, premier surfing destinations, upscale dining, and Palisades Village, this residence offers a wonderful balance of sophisticated urban living and coastal tranquility. Buyer is advised to consult with their lender regarding available financing options. Buyer must be approved by the Los Angeles Housing Department. Buyer's household annual income not to exceed $189,000,minimum 3 family members to occupy with one being a dependent showing on Buyer's Tax Returns. The applicable LAHD covenant is in the Supplements.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 4 closed
Pacific Palisades · Condominium
Listed 4.6% below the median closed sale of $785,000. Closed comps sold at 88% of list — buyers have negotiating leverage.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 15515 Sunset Boulevard | Pacific Palisades | 1975 | 2 | 2 | 1,116 | 0 | $624 | $696,000 | 69 | 72 |
| 16123 Sunset Boulevard | Pacific Palisades | 2006 | 2 | 2 | 1,184 | 15,805 | $590 | $699,000 | 28 | 71 |
| 201 Ocean Avenue | Santa Monica | 1971 | 1 | 1 | 855 | 57,750 | $760 | $650,000 | 13 | 54 |
| 201 Ocean Avenue | Santa Monica | 1971 | 1 | 1 | 868 | 38,619 | $916 | $795,000 | 67 | 53 |
| 404 San Vicente Boulevard | Santa Monica | 1971 | 1 | 1 | 845 | 21,764 | $870 | $735,000 | 68 | 51 |
| Total: 5 · Average | 1.4 | 1.4 | 973.6 | 33,484.5 | $752 | $715,000 | 49 | |||
| Median | 868 | $699,000 | ||||||||
Closed Properties (4)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16123 Sunset Boulevard | Pacific Palisades | 2006 | 07/23/2026 | 2 | 3 | 1,386 | 15,805 | $1.10M | $785,000 | $566 | 0.71 | 94 | 64 |
| 502 San Vicente Boulevard | Santa Monica | 1979 | 04/07/2026 | 1 | 2 | 1,182 | 16,676 | $799,000 | $765,000 | $647 | 0.96 | 47 | 54 |
| 1612 Palisades Drive | Pacific Palisades | 1974 | 11/12/2025 | 3 | 3 | 1,767 | 361,377 | $800,000 | $785,000 | $444 | 0.98 | 0 | 46 |
| 201 Ocean Avenue | Santa Monica | 1971 | 09/17/2026 | 0 | 1 | 515 | 57,750 | $899,000 | $800,000 | $1,553 | 0.89 | 83 | 46 |
| Total: 4 · Average | 1.5 | 2.3 | 1,212.5 | 112,902 | $783,750 | $783,750 | $802.5 | — | 56 | ||||
| Median | 1,386 | $785,000 | $785,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.