NOT LISTED FOR SALE

1038 Palisades Beach Rd Santa Monica, CA 90403

Wilshire Montana Neighborhood

Estimated Value: $6,377,000 - $11,717,478

5 Beds
4.5 Baths
5,530 Sq Ft
$1,667/Sq Ft Est. Value

Last Sold October 15, 2018

Last sale price $8,000,000 $1,447 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $55,558/month

206 Days on Market

Highlights

  • Ocean Front
  • Tennis Courts
  • In Ground Pool
  • Roosevelt Elementary School Rated A+
  • Wine Cellar
  • Fireplace in Primary Bedroom

About This Home

As of October 2018

Once-in-a-lifetime opportunity to own an exceptional ocean front resort estate on the historic mile of Santa Monica Beach that was the original Gold Coast where Hollywood royalty lived & played. Originally built in 1929 for silent film star Norma Talmadge by architect Paul R. Crawley, this French Normandy style estate has been the residence of notable celebrities including Cary Grant, Randolph Scott, Barbara Hutton, Irving Berlin, Howard Hughes, Sharon Tate & Princess Grace of Monaco. On the market for the first time in 40 years & with many original details intact, this is indeed the opportunity to own a piece of Hollywood history. Front motorcourt w/4-car garage. Romantic fountain courtyard. Formal foyer, living rm, dining rm, sunrm, powder rm, wine cellar, butler's pantry & spacious kitchen. Huge master suite & 4 add'l bdrms. Back garden w/patios, heated pool, paddle tennis court, & raised viewing deck overlooking the beautiful sunsets & sparkling blue waters of the Pacific Ocean.

Last Agent to Sell the Property

Jade Mills

Coldwell Banker Realty License #00526877 Listed on: 02/16/2018

Coldwell Banker Realty

Co-Listed By

Tiffany Mills

Coldwell Banker Realty License #01333921

Last Buyer's Agent

Jamie Nugent

Equity Union License #01214028

Equity Union

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $102,087

Year Built

  • Built in 1929

Lot Details

  • 0.26 Acre Lot
  • Ocean Front
  • Property is zoned SMR2B*

Parking

  • Attached Garage

Property Views

  • Ocean
  • Views of a pier
  • Panoramic
  • City Lights

Home Design

  • French Architecture

Interior Spaces

  • 5,530 Sq Ft Home
  • 2-Story Property
  • Bar
  • Formal Entry
  • Wine Cellar
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Sun or Florida Room
  • Attic Fan
  • Dishwasher
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room

Outdoor Features

  • In Ground Pool
  • Tennis Courts
  • Covered Patio or Porch

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4292-032-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$102,087

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: French Normandy
  • Street Number Display: Yes
  • Living Area: 5530
  • Stories: 2
  • Year Built: 1929
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Carpet, Hardwood, Tile
  • Bedrooms: 5
  • Full Bathroom: 4
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Attic Fan, Dishwasher, Refrigerator
  • Price Per S Q F T: 1717.00

Exterior Features

  • Tennis Court: Paddle, Private
  • Tennis Court Y/N: Yes
  • Pool Description: In Ground, Private
  • Pool: Yes
  • Spa Yn: No
  • View: City, City Lights, Ocean, Panoramic, Pier, Water
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Parking Garage: Attached, Garage - 4+ Car

Utilities

  • Cooling: Attic Fan

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4292-032-001
  • Geocode Override: No
  • Lot Size Area: 11503

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2018
Closed on
Oct 8, 2018
Sold by
Diener Jennifer Flinton and Hromadka Donald J
Bought by
Seagull Design Llc
Seller's Agent
Jade Mills
Coldwell Banker Realty
Buyer's Agent
Jamie Nugent
Equity Union
List Price
$11,995,000
Sold Price
$8,000,000
Premium/Discount to List
-$3,995,000
-33.31%
Current Estimated Value
$8,593,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$593,558
Avg. Annual Appreciation
2.10%
Original Mortgage
$5,200,000
Outstanding Balance
$4,643,270
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,572,556
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Seagull Design Llc $8,000,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seagull Design Llc $5,200,000
Previous Owner Diener Royce $658,000
Previous Owner Diener Royce $658,000
Previous Owner Diener Royce $1,000,000
Previous Owner Diener Royce $793,000
Previous Owner Diener Royce $600,000
Previous Owner Diener Royce $300,000
Previous Owner Diener Royce $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2018 10/15/18 Sold $8,000,000 -15.7% $1,447 / Sq Ft
09/10/2018 09/10/18 Pending -- -- --
04/24/2018 04/24/18 Price Changed $9,495,000 -11.7% $1,717 / Sq Ft
03/12/2018 03/12/18 Price Changed $10,750,000 -10.4% $1,944 / Sq Ft
02/16/2018 02/16/18 For Sale $11,995,000 -- $2,169 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $102,087 $8,924,149 $5,695,950 $3,228,199
2024 $102,087 $8,749,166 $5,584,265 $3,164,901
2023 $100,467 $8,577,615 $5,474,770 $3,102,845
2022 $99,292 $8,409,427 $5,367,422 $3,042,005
2021 $96,968 $8,244,537 $5,262,179 $2,982,358
2019 $95,392 $8,000,000 $5,106,100 $2,893,900
2018 $18,093 $1,516,508 $937,633 $578,875
2016 $17,390 $1,457,623 $901,225 $556,398
2015 $17,167 $1,435,729 $887,688 $548,041
2014 $16,927 $1,407,606 $870,300 $537,306
Source: Public Records

Agents Affiliated with this Home

  • Jade Mills

    Seller's Agent in 2018

    Jade Mills

    Coldwell Banker Realty

    (949) 723-4633

    157 Total Sales

    Section Image
  • Tiffany Mills

    Seller Co-Listing Agent in 2018

    Tiffany Mills

    Coldwell Banker Realty

    (310) 849-9592

    22 Total Sales

    Section Image
  • Jamie Nugent

    Buyer's Agent in 2018

    Jamie Nugent

    Equity Union

    (310) 804-6039

    4 Total Sales

    Section Image
  • Kelsey Kroon

    Buyer Co-Listing Agent in 2018

    Kelsey Kroon

    Rodeo Realty

    (310) 890-0821

    5 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 18-314424

The MLS

APN: 4292-032-001

California Los Angeles County Santa Monica 90403 Wilshire Montana

1038 Palisades Beach Rd, Santa Monica, CA

This home is located at 1038 Palisades Beach Rd, Santa Monica, CA 90403 since 16 February 2018 and is currently estimated at $9,215,826, approximately $1,666 per square foot. This property was built in 1929. 1038 Palisades Beach Rd is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Lincoln Middle School, and Santa Monica High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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