K.C. Soll . Blog
Palisades Riviera (Pacific Palisades' most expensive neighborhood) had two sales in October, 2009.
1 November 2009
There are currently 14 homes for sale in the Palisades Rivera. The prices range from $3,175,000 (3 bedrooms/5 baths, approx. 2,784 Sq. Ft.) to $29,990,000 for a 7 bedroom home with pool and tennis court, on a lot of approx. 2 acres.
There were two sales in the upper Riviera Palisades. 1344 Monaco closed escrow in Mid- October for $5,500,000. The 6 bedroom - 5.5 bath Mediterranean home was situated on a lot of approx. 18,338 Sq. Ft. The other sale was the home at 1216 Amalfi Drive (6 bedrooms/6.5 baths, approx. 5,900 Sq. Ft.). The sale price was reported at $4,037,500. The lot size was 17,500 Aq. Ft.
The median asking price for a home in this area is $6Mil. The average $ per Sq. Ft. (asking price) is 1,394. The average $ per Sq. Ft. for the two recent sales was $683 per Sq. Ft.
The average days on the market for active listings is 146. The average days on the market for the two recent sales was 43. The average sales price compared to listing price is 90.92%.
In over 30 years of real estate sales and leasing, I have sold more homes in the Palisades Rivera than any other. Prestige, air-quality, convenience, luxurious lot sizes, and classic architecture make this the prime Westside area in which to live.
Palisades Riviera real estate, Riviera palisades real estate, Pacific Palisades luxury estates and homes
Recently interviewed by Angeleno Magazine for its article on the Palisades Riviera, K.C. Soll, an associate broker with Sotheby's International Realty, is the creator of, and major contributor to PalisadesRiviera.com.
"My first sale in the Palisades Riviera (or "the Riviera" as it is known by locals) was in 1979. It is a stunning 1935-built custom Mediterranean-style home, complete with loggia. It was recently remodeled, a pool added, and its street presence transformed.