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517 Palisades Drive, Pacific Palisades, CA 90272

$749K3bd · 2ba · 1,018 sqft
Lot 289,873 sqft•HOA $538.52/mo•Condominium•
Active
•83d on market•MLS# SR-26156680

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

FeeBuilt 1987

Property Details

Land Type
Fee
Year Built
1987
Property Type
Residential
Property Subtype
Condominium
Heating
Central
View
Neighborhood, Ocean, Panoramic, White Water, See Remarks
Flooring
Laminate
Roof
Spanish Tile
City
Pacific Palisades
Zip Code
90272
County
Los Angeles
Listed byColdwell Banker Envision, Ravinder Sood

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,787.35
Principal & Interest
Loan Amount
$599,200
Total Interest
$764,247
Total Payment Over 30 Years
$1,363,447
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

517 Palisades Drive, Pacific Palisades, CA 90272

Pacific Palisades · Condominium

$749K
Affordable Tier
Beds
3
Baths
2
Sqft
1,018
Lot
6.65 ac
Year
1987
$/Sqft
$736
Pool: No✓
Spa: No✓
View: city✓

Listed 4.6% below the median closed sale of $785,000. Price per sqft ($736) is a 21% premium to closed comps ($609). Closed comps sold at 90% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 192 days on market.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $749K· $736/sqft
Total list price
Closed comps
vs closed median $785K
−$36K (−4.6%)
Active comps
vs active median $696K
+$53K (+7.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $615
+$121 (+19.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
15515 Sunset BoulevardPacific Palisades1975221,1160$624$696,0004780
16123 Sunset BoulevardPacific Palisades2006221,18415,805$590$699,000673
16601 Marquez AvenuePacific Palisades1965221,08622,499$414$450,00020772
16601 Marquez AvenuePacific Palisades1965221,17522,499$535$629,00018069
17350 Sunset BoulevardPacific Palisades1963221,261203,956$912$1.15M22269
Total: 5 · Average2.02.01,164.466,189.75$615$724,800132.4
Median1,175$696,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
501 Palisades drivePacific Palisades198709/14/202611593289,873$364,000$364,000$6141.0034069
501 Palisades DrivePacific Palisades198708/13/202611593289,873$299,000$285,000$4810.9525469
16040 Sunset BoulevardPacific Palisades198810/05/2026231,43516,639$1.20M$1.05M$7320.8814467
16123 Sunset BoulevardPacific Palisades200607/23/2026231,38615,805$1.10M$785,000$5660.719364
17243 Palisades CirclePacific Palisades197408/27/2026231,531361,377$1.07M$1.00M$6530.9313163
Total: 5 · Average1.62.21,107.6194,713.4$696,800$696,800$609.2—192.4
Median1,386$785,000$785,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.