226 Palisades Ave Santa Monica, CA 90402
North of Montana Neighborhood
7
Beds
6
Baths
7,200
Sq Ft
0.6
Acres
Highlights
- Detached Guest House
- Tennis Courts
- Solar Power System
- Roosevelt Elementary School Rated A+
- Heated In Ground Pool
- 4-minute walk to Palisades Park
About This Home
As of September 2024Exceptional East Coast traditional storybook residence on a sprawling triple lot located in the most highly coveted Santa Monica neighborhood, North of Montana, less than a block away from Santa Monica's Gold Coast Beach and Palisades Park. Originally constructed by renowned architects Greene and Greene in 1917, this fully renovated, truly remarkable American shingle abode is completely one of a kind, unlike any of their other work. The expansive main residence welcomes in bright sunlight through charming windows and French doors capturing views of the lush, sprawling yard. The main level showcases a traditional living room with custom built-ins and window seats, elegant formal dining, a vast family room, and one of the 5 bedrooms. The second level boasts the additional 4 sizable bedrooms in the main home including a considerable primary suite with luxurious en-suite and substantial walk-in closet. An inviting playroom is located on the third level. This flat half acre plus lot offers an ample brick-paved, horseshoe driveway, a vine adorned two-story A-Frame music studio used by notable artists Jackson Browne, Daryl Hannah and Emmy Award winning John Bowman, a two Bedroom Guest House with full kitchen and bath, generous pool and spa, fire pit, pickle ball & paddle tennis court, a built-in outdoor grill, multiple entertaining decks to enjoy indoor-outdoor living and a rose garden, all fully enclosed by 30 foot hedges and mature trees. Gravel paths and an abundant grassy pad, that has hosted countless games of croquet, complete this idyllic, ultra-private lot. Remarkable opportunity to reside in this history-rich, admirably crafted masterpiece.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $31,422
Year Built
- Built in 1917
Lot Details
- 0.6 Acre Lot
- Lot Dimensions are 100x175
- Gated Home
- Sprinkler System
- Property is zoned SMR1*
Home Design
- Traditional Architecture
- Split Level Home
Interior Spaces
- 7,200 Sq Ft Home
- 3-Story Property
- Built-In Features
- Crown Molding
- High Ceiling
- Ceiling Fan
- Awning
- Entryway
- Living Room with Fireplace
- Dining Room
- Den with Fireplace
- Loft
- Views of Woods
- Alarm System
Kitchen
- Breakfast Area or Nook
- Double Oven
- Microwave
- Freezer
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- Main Floor Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Studio bedroom
- Walk-In Closet
- Remodeled Bathroom
- Powder Room
- Maid or Guest Quarters
- 6 Full Bathrooms
- Double Vanity
- Linen Closet In Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 4 Open Parking Spaces
- 6 Parking Spaces
- Circular Driveway
Pool
- Heated In Ground Pool
- Heated Spa
- In Ground Spa
Outdoor Features
- Tennis Courts
- Sport Court
- Deck
- Open Patio
- Fire Pit
- Outdoor Grill
Additional Features
- Solar Power System
- Detached Guest House
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 4293-014-008
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 6, 2024
Closed on
Aug 8, 2024
Sold by
Shannon Gaughan Trust and John Bowman And Shannon Gaughan Trust
Bought by
Hodge Erik and Warburton Heather Phillips
Seller's Agent
Josh Flagg
Compass
Buyer's Agent
Nichole Shanfeld
Carolwood Estates
List Price
$12,895,000
Sold Price
$10,600,000
Premium/Discount to List
-$2,295,000
-17.8%
Total Days on Market
91
Views
207
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,541,036
Avg. Annual Appreciation
-24.88%
Original Mortgage
$4,740,000
Outstanding Balance
$4,680,303
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$3,374,234
Purchase Details
Closed on
Dec 29, 2023
Sold by
Gaughan Shannon
Bought by
Shannon Gaughan Trust and Gaughan
Purchase Details
Closed on
Nov 10, 2022
Sold by
John Bowman And Shannon Gaughan Trust
Bought by
John Boeman And Shannon Gaughan Trust
Purchase Details
Closed on
May 14, 2004
Sold by
Bowman John and Gaughan Shannon
Bought by
Bowman John F and Gaughan Shannon
Purchase Details
Closed on
Nov 17, 1995
Sold by
Browne Jackson
Bought by
Bowman John and Bowman Shannon Gaughan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,830,500
Interest Rate
6.87%
Similar Homes in Santa Monica, CA
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $7,900,000 | Consumers Title Company | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $1,307,500 | United Title Company | |
| Grant Deed | $1,307,500 | United Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,740,000 | New Conventional | |
| Previous Owner | $592,500 | New Conventional | |
| Previous Owner | $625,500 | New Conventional | |
| Previous Owner | $670,000 | New Conventional | |
| Previous Owner | $962,000 | Unknown | |
| Previous Owner | $995,000 | Unknown | |
| Previous Owner | $1,000,000 | VA | |
| Previous Owner | $1,830,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2024 09/04/24 | Sold | $10,600,000 | -17.8% | $1,472 / Sq Ft |
| 08/05/2024 08/05/24 | Pending | -- | -- | -- |
| 05/25/2024 05/25/24 | For Sale | $12,895,000 | 0.0% | $1,791 / Sq Ft |
| 05/15/2024 05/15/24 | Pending | -- | -- | -- |
| 05/06/2024 05/06/24 | For Sale | $12,895,000 | -- | $1,791 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $31,422 | $7,900,000 | $7,177,100 | $722,900 |
| 2024 | $31,422 | $2,630,350 | $1,628,702 | $1,001,648 |
| 2023 | $30,923 | $2,578,775 | $1,596,767 | $982,008 |
| 2022 | $30,545 | $2,528,211 | $1,565,458 | $962,753 |
| 2021 | $29,791 | $2,478,639 | $1,534,763 | $943,876 |
| 2019 | $29,295 | $2,405,123 | $1,489,242 | $915,881 |
| 2018 | $27,510 | $2,357,965 | $1,460,042 | $897,923 |
| 2016 | $26,488 | $2,266,404 | $1,403,348 | $863,056 |
| 2015 | $26,147 | $2,232,362 | $1,382,269 | $850,093 |
| 2014 | $25,767 | $2,188,634 | $1,355,193 | $833,441 |
Source: Public Records
Agents Affiliated with this Home
-
Josh Flagg
Seller's Agent in 2024
Josh Flagg
Compass
(310) 724-7100
2 in this area
146 Total Sales
-
Nichole Shanfeld
Buyer's Agent in 2024
Nichole Shanfeld
Carolwood Estates
(310) 724-7000
2 in this area
47 Total Sales
Map
Source: The MLS
MLS Number: 24-386133
APN: 4293-014-008
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© 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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