NOT LISTED FOR SALE

242 Tranquillo Rd Pacific Palisades, CA 90272

Estimated Value: $2,076,000 - $3,093,377

3 Beds
3 Baths
2,153 Sq Ft
$1,195/Sq Ft Est. Value

Last Sold February 17, 2021

Last sale price $2,522,500 $1,172 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $16,622/month

48 Days on Market

Highlights

  • Ocean View
  • Open Floorplan
  • Contemporary Architecture
  • Heated In Ground Pool
  • Deck
  • Wood Flooring

About This Home

As of February 2021

Situated in the highly desired and coveted Castellammare area in Pacific Palisades, this Contemporary Beach House with spectacular ocean and coastal views is just blocks to the beach and hiking trails, and minutes from the Palisades Village, Santa Monica and Malibu. This open and airy 3 bed/3 bath home has glass sliding doors front and back allowing for seamless indoor/outdoor living with a new reverse osmosis pool and spa, outdoor living spaces, privacy hedges and beautiful modern landscaping. Main level comprises of the living areas, sun drenched front view facing dining room and breakfast areas, kitchen, bedroom/office/den & bath. Upper level has two ensuite beds/baths w/extra storage closets. The luxurious owners suite boasts whitewater views, a private balcony, large walk in closet and bath w/steam shower and spa tub. This one of a kind mid-century inspired home and its location are extraordinary, a unique opportunity to enjoy a private oasis, coastline views and gorgeous sunsets!

Last Agent to Sell the Property

Carolynn Cozen

Sotheby's International Realty License #01875180 Listed on: 12/11/2020

Sotheby's International Realty

Last Buyer's Agent

Chelsea Gilson

Corcoran Global Living License #01950096

Corcoran Global Living

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,417

Year Built

  • Built in 1954

Lot Details

  • 6,170 Sq Ft Lot
  • Lot Dimensions are 61x102
  • Fenced Yard
  • Gated Home
  • Landscaped
  • Back and Front Yard
  • Property is zoned LAR1

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Coastline
  • Mountain

Home Design

  • Contemporary Architecture
  • Split Level Home
  • Composition Roof

Interior Spaces

  • 2,153 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Gas Fireplace
  • French Doors
  • Sliding Doors
  • Living Room with Fireplace
  • Dining Area
  • Wood Flooring
  • Security System Owned

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher
  • Marble Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Hydromassage or Jetted Bathtub
  • Steam Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • In Ground Spa
  • Pool Cover

Outdoor Features

  • Deck
  • Open Patio
  • Front Porch

Utilities

  • Central Heating and Cooling System
  • Water Purifier
  • Water Conditioner
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 4416-026-034

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,417

Year Built

Built in 1954

Lot Details

0

HOA Fees

$13 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Complex Name: Castellammare Mesa Home Owners
  • Living Area: 2153
  • Lot Acreage: 0.1417
  • Lot Dimensions: 61x102
  • Probate: No
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 33
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Open Floor Plan
  • Fireplace Rooms: Gas, Living Room
  • Flooring: Hardwood
  • Appliances: Gas
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Bedroom Features: WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Steam Shower, Tub With Jets
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Area, Dining Area
  • Kitchen Features: Marble Counters
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer, Water Conditioner, Water Purifier
  • Fireplace: Yes
  • Price Per S Q F T: 1230.84

Exterior Features

  • Other Features: French Doors, Sliding Glass Doors
  • Other Structures: None
  • Patio: Porch - Front, Deck(s)
  • Pool Description: Heated, In Ground, Pool Cover
  • Pool: Yes
  • Roof: Composition
  • Spa: In Ground
  • Spa Yn: Yes
  • View: Coastline, Mountains, Ocean
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Owned, Gated
  • Sewer: In Street

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • HOA Fees: 150.00
  • HOA: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4416-026-034
  • Lot Description: Back Yard, Fenced Yard, Front Yard, Landscaped
  • Lot Size Area: 6170

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2020
Closed on
Feb 12, 2021
Sold by
Gilson Chelsea
Bought by
Breliant Matthew Gregory
Seller's Agent
Carolynn Cozen
Sotheby's International Realty
Buyer's Agent
Chelsea Gilson
Corcoran Global Living
List Price
$2,895,000
Sold Price
$2,522,500
Premium/Discount to List
-$372,500
-12.87%
Current Estimated Value
$2,572,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,959
Avg. Annual Appreciation
0.43%
Original Mortgage
$1,765,750
Outstanding Balance
$1,585,139
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$987,320

Purchase Details

Listed on
Dec 11, 2020
Closed on
Feb 4, 2021
Sold by
Meyer William G and Meyer Claire D
Bought by
Breliant Matthew Gregory
Seller's Agent
Carolynn Cozen
Sotheby's International Realty
Buyer's Agent
Chelsea Gilson
Corcoran Global Living
List Price
$2,895,000
Sold Price
$2,522,500
Premium/Discount to List
-$372,500
-12.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,765,750
Outstanding Balance
$1,585,139
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$987,320

Purchase Details

Listed on
Apr 24, 2012
Closed on
May 3, 2012
Sold by
242 Tranquillo Drive Llc
Bought by
Meyer William G and Meyer Clarie D
Seller's Agent
Robert Radcliffe
Sotheby's International Realty
Buyer's Agent
Morgan Meyer
Compass
List Price
$1,495,000
Sold Price
$1,525,000
Premium/Discount to List
$30,000
2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.91%

Purchase Details

Closed on
Dec 30, 2011
Sold by
Schiff Vicky L
Bought by
242 Tranquillo Drive Llc

Purchase Details

Closed on
Nov 20, 2009
Sold by
Bryant Shaun
Bought by
Schiff Vicky L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2009
Sold by
Schiff Vicky L
Bought by
Schiff Vicky L and The Vicky L Schiff Separate Property Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2004
Sold by
Schiff Vicky L
Bought by
Schiff Vicky L and The Vicky L Schiff Separate Property Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2003
Sold by
Schiff Vicky L
Bought by
Schiff Vicky L and The Vicky L Schiff Separate Property Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$708,000
Interest Rate
5.37%

Purchase Details

Closed on
Feb 7, 2000
Sold by
Stoklos Alice A
Bought by
Schiff Vicky L and Vicky L Schiff Seperate Property Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.62%

Purchase Details

Closed on
Dec 1, 1999
Sold by
Stoklos Carrie Leigh
Bought by
Stoklos Randolph P
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Breliant Matthew Gregory -- Lawyers Title Company
Breliant Matthew Gregory $2,522,500 Lawyers Title Company
Meyer William G $1,525,000 Chicago Title Company
242 Tranquillo Drive Llc -- None Available
Schiff Vicky L -- Equity Title Orange County-I
Schiff Vicky L -- Equity Title Orange County-I
Schiff Vicky L -- Equity Title Orange County-I
Schiff Vicky L -- Equity Title Company
Schiff Vicky L -- Equity Title Company
Schiff Vicky L -- Equity Title Company
Schiff Vicky L -- Equity Title Company
Schiff Vicky L $910,000 Fidelity National Title Co
Stoklos Randolph P -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Breliant Matthew Gregory $1,765,750
Previous Owner Meyer William G $250,000
Previous Owner Schiff Vicky L $417,000
Previous Owner Schiff Vicky L $705,000
Previous Owner Schiff Vicky L $705,000
Previous Owner Schiff Vicky L $708,000
Previous Owner Schiff Vicky L $714,000
Previous Owner Schiff Vicky L $700,000
Previous Owner Schiff Vicky L $700,000
Closed Schiff Vicky L $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2021 02/17/21 Sold $2,522,500 -4.8% $1,172 / Sq Ft
01/28/2021 01/28/21 Pending -- -- --
01/13/2021 01/13/21 Price Changed $2,650,000 -5.2% $1,231 / Sq Ft
01/08/2021 01/08/21 Price Changed $2,795,000 -3.5% $1,298 / Sq Ft
01/05/2021 01/05/21 For Sale $2,895,000 0.0% $1,345 / Sq Ft
01/01/2021 01/01/21 Pending -- -- --
12/11/2020 12/11/20 For Sale $2,895,000 +89.8% $1,345 / Sq Ft
05/14/2012 05/14/12 Sold $1,525,000 +2.0% $708 / Sq Ft
04/24/2012 04/24/12 For Sale $1,495,000 -- $694 / 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 $32,417 $2,730,432 $2,184,347 $546,085
2024 $32,417 $2,676,895 $2,141,517 $535,378
2023 $31,783 $2,624,408 $2,099,527 $524,881
2022 $30,293 $2,572,950 $2,058,360 $514,590
2021 $21,652 $1,817,855 $1,415,688 $402,167
2020 $21,879 $1,799,216 $1,401,172 $398,044
2019 $21,000 $1,763,939 $1,373,699 $390,240
2018 $20,908 $1,729,353 $1,346,764 $382,589
2016 $19,483 $1,618,084 $1,294,468 $323,616
2015 $19,196 $1,593,779 $1,275,024 $318,755
2014 $19,254 $1,562,561 $1,250,049 $312,512
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Carolynn Cozen

    Sotheby's International Realty

    Section Image

  • C

    Buyer's Agent in 2021

    Chelsea Gilson

    Corcoran Global Living

    Section Image
  • Matthew Breliant

    Buyer Co-Listing Agent in 2021

    Matthew Breliant

    PLG Estates

    (310) 488-6896

    1 in this area

    5 Total Sales

    Matthew Breliant
    Section Image
  • Robert Radcliffe

    Seller's Agent in 2012

    Robert Radcliffe

    Sotheby's International Realty

    (310) 317-9900

    13 in this area

    29 Total Sales

    Robert Radcliffe
    Section Image
  • David Kelmenson

    Seller Co-Listing Agent in 2012

    David Kelmenson

    Compass

    (310) 863-3030

    27 in this area

    58 Total Sales

    David Kelmenson
    Section Image

  • M

    Buyer's Agent in 2012

    Morgan Meyer

    Compass

See All Agents

Map

Source: The MLS

MLS Number: 20-668700

The MLS

APN: 4416-026-034

California Los Angeles County Pacific Palisades 90272

242 Tranquillo Rd, Pacific Palisades, CA

This home is located at 242 Tranquillo Rd, Pacific Palisades, CA 90272 since 11 December 2020 and is currently estimated at $2,572,459, approximately $1,194 per square foot. This property was built in 1954. 242 Tranquillo Rd is a home located in Los Angeles County with nearby schools including Marquez Charter School, Palisades Charter High, and Westside Waldorf 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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