NOT LISTED FOR SALE

525 Spoleto Dr Pacific Palisades, CA 90272

Estimated Value: $5,342,000 - $22,222,107

5 Beds
7 Baths
5,994 Sq Ft
$2,299/Sq Ft Est. Value

Sale Details

Date Sold: November 17, 2022

Last sale price $29,500,000 $4,922 Per Sq Ft

Current estimated payment $86,574 / mo

32 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Traditional Architecture
  • Home Theater
  • Fireplace in Primary Bedroom
  • Wood Flooring

About This Home

As of November 2022

For comp purposes only.

Last Agent to Sell the Property

Kurt Rappaport

Westside Estate Agency Inc. License #01036061 Listed on: 09/16/2022

Westside Estate Agency Inc.

Co-Listed By

Santiago Arana

The Agency License #01492489

Last Buyer's Agent

Kurt Rappaport

Westside Estate Agency Inc. License #01036061 Listed on: 09/16/2022

Westside Estate Agency Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 13,950 Sq Ft Lot
  • Property is zoned LARE11

Parking

  • 4 Car Attached Garage

Property Views

  • Ocean
  • Canyon

Home Design

  • Traditional Architecture

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Home Theater
  • Den
  • Library

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room
  • 7 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Pool

  • In Ground Pool
  • Spa

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4408-026-024

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0.32 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Lot Acreage: 0.3202
  • Stories: 2
  • Year Built: 2007
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Dining, Family Room, Living Room, Master Bedroom
  • Flooring: Hardwood, Tile
  • Bedrooms: 5
  • Full Bathroom: 7
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside, Room
  • Total Bathrooms: 7.00
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer

Exterior Features

  • Other Structures: None
  • Pool Description: Private
  • Pool: Yes
  • Spa: Private
  • Spa Yn: Yes
  • View: Canyon, Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Attached, Garage
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4408-026-024
  • Lot Size Area: 13950

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2022
Closed on
Oct 21, 2022
Sold by
Spoleto Trust
Bought by
525 Spoleto Drive Llc
Seller's Agent
Kurt Rappaport
Westside Estate Agency Inc.
Buyer's Agent
Kurt Rappaport
Westside Estate Agency Inc.
List Price
$33,000,000
Sold Price
$29,500,000
Premium/Discount to List
-$3,500,000
-10.61%
Current Estimated Value
$13,782,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,717,946
Avg. Annual Appreciation
-19.69%

Purchase Details

Closed on
Feb 25, 2008
Sold by
Glenn Robert E and Glenn Lois Clements
Bought by
Rudolph Lawrence and The Spoleto Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2002
Sold by
Gartner Alex and Dewey Gartner Judith
Bought by
Glenn Robert E and Glenn Lois Clements

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,999,500
Interest Rate
5.86%

Purchase Details

Closed on
Jun 7, 1999
Sold by
Wolff Robert F and Wolff Barbara C
Bought by
Wolff Robert and Wolff Barbara
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
525 Spoleto Drive Llc $29,500,000 First American Title
Rudolph Lawrence -- California Title Company
Glenn Robert E -- California Title Company
Wolff Robert -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Rudolph Lawrence $2,000,000
Previous Owner Glenn Robert E $1,999,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2022 11/17/22 Sold $29,500,000 -10.6% $4,922 / Sq Ft
10/18/2022 10/18/22 Pending -- -- --
09/16/2022 09/16/22 For Sale $33,000,000 -- $5,506 / Sq Ft
Source: The MLS

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 $156,861 $13,285,853 $9,614,971 $3,670,882
2024 $156,861 $13,025,347 $9,426,443 $3,598,904
2023 $153,763 $12,769,949 $9,241,611 $3,528,338
2022 $146,515 $12,519,558 $9,060,403 $3,459,155
2021 $144,794 $12,274,078 $8,882,749 $3,391,329
2020 $146,334 $12,148,224 $8,791,668 $3,356,556
2019 $140,399 $11,910,025 $8,619,283 $3,290,742
2018 $140,071 $11,676,496 $8,450,278 $3,226,218
2016 $134,087 $11,223,086 $8,122,145 $3,100,941
2015 $132,094 $11,054,505 $8,000,143 $3,054,362
2014 $132,418 $10,837,964 $7,843,432 $2,994,532
Source: Public Records

Agents Affiliated with this Home

  • Kurt Rappaport

    Seller's Agent in 2022

    Kurt Rappaport

    Westside Estate Agency Inc.

    (310) 247-7770

    8 in this area

    102 Total Sales

    Kurt Rappaport
    Section Image
  • Santiago Arana

    Seller Co-Listing Agent in 2022

    Santiago Arana

    The Agency

    (310) 926-9808

    25 in this area

    86 Total Sales

    Santiago Arana
    Section Image
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Map

Source: The MLS

MLS Number: 23-308989

The MLS

APN: 4408-026-024

California Los Angeles County Pacific Palisades 90272

525 Spoleto Dr, Pacific Palisades, CA

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The MLS © 2026 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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