NOT LISTED FOR SALE

538 Chautauqua Blvd Pacific Palisades, CA 90272

Estimated Value: $5,438,000 - $30,844,094

6 Beds
12 Baths
2,920 Sq Ft
$6,213/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $32,300,000 $11,062 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $110,608/month

18 Days on Market

Highlights

  • Ocean View
  • Home Theater
  • New Construction
  • Wine Room
  • Pool House
  • Sauna

About This Home

As of July 2024

Experience unparalleled luxury living within a prestigious Pacific Palisades enclave, where this brand-new marvel stands as a testament to form and function on a rare half-acre lot with endless ocean views. Completed in 2024, the residence exemplifies California modernism with a warm, monochromatic palette highlighting sophisticated finishes like Taj Mahal slab stone, Apparatus lighting, and a host of amenities including a full spa, theater, and resort-like backyard with zero-edge infinity pool, outdoor kitchen, and private cabana. The expansive main level is set beneath soaring 12-ft ceilings and enveloped by walls of steel-framed doors allowing radiant natural light to showcase the brilliant millwork of the artisan-crafted walnut staircase and custom built-ins. From the gourmet kitchen with butler's pantry to the dining room and multiple living areas, the home is supremely appointed for grand events or intimate gatherings and lit beautifully to create an inspiring environment. Unmatched in scale and design, the primary suite is a haven of comfort beneath high vaulted ceilings and set to panoramic vistas. Complete with a sitting room, coffee bar, dual custom closets and stone-clad baths, it epitomizes a peaceful sanctuary. Descend to the lower level to experience the finest luxury amenities, from the bar, lounge, and wine tasting room to the home theater and full spa with a gym, massage room, sauna, steam room, and more. Equipped to house an elite collection of vehicles, the residence offers a 2-car and subterranean 6-car garage secured behind automatic driveway gates. Other notable features include the elevator, home automation system, private office, Wolf appliances, gunite pool and spa, a service entrance, and security system with cameras. Conveniently located between Riviera Country Club, Palisades Village, and Will Rogers State Beach, residents will enjoy convenient access to the area's premier attractions. Stately yet inviting, this exceptional residence stands as a timeless triumph of refined living, destined to be one of the Westside's most esteemed estates.

Last Agent to Sell the Property

Jacqueline Chernov

The Beverly Hills Estates License #01361435 Listed on: 05/23/2024

The Beverly Hills Estates

Co-Listed By

David Berg

Compass License #01481236

Last Buyer's Agent

Cory Weiss

Douglas Elliman License #01309146

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $143,462

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 100x222
  • Privacy Fence
  • Fenced
  • Landscaped
  • Secluded Lot
  • Lawn
  • Back and Front Yard
  • Property is zoned LARE20

Parking

  • 8 Car Direct Access Garage
  • 4 Open Parking Spaces
  • Circular Driveway
  • Brick Driveway
  • Automatic Gate
  • Guest Parking

Property Views

  • Ocean
  • Coastline
  • City
  • Canyon

Home Design

  • Modern Architecture
  • Turnkey

Interior Spaces

  • 3-Story Property
  • Elevator
  • Open Floorplan
  • Wet Bar
  • Wired For Sound
  • Built-In Features
  • Bar
  • Beamed Ceilings
  • Cathedral Ceiling
  • Recessed Lighting
  • Two Way Fireplace
  • Gas Fireplace
  • Custom Window Coverings
  • Double Door Entry
  • Sliding Doors
  • Wine Room
  • Family Room with Fireplace
  • Great Room
  • Family Room on Second Floor
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 5 Fireplaces
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Recreation Room
  • Utility Room
  • Sauna
  • Home Gym

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Walk-In Pantry
  • Double Oven
  • Range with Range Hood
  • Warming Drawer
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Retreat
  • Main Floor Bedroom
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Maid or Guest Quarters
  • Double Vanity
  • Bathtub with Shower
  • Double Shower
  • Steam Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Security Lights
  • Smart Home
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Eco-Friendly Details

  • Solar Power System

Pool

  • Pool House
  • Infinity Pool
  • Cabana
  • Gunite Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Outdoor Fireplace
  • Built-In Barbecue

Utilities

  • Zoned Heating and Cooling
  • Property is located within a water district
  • Tankless Water Heater
  • Water Purifier

Community Details

  • No Home Owners Association
  • Service Entrance
  • Card or Code Access

Listing and Financial Details

  • Assessor Parcel Number 4411-016-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$143,462

Year Built

Built in 2024 | New Construction

Lot Details

0

Parking

8

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Levels: Three Or More
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Floor: 1
  • Entry Location: Foyer
  • Lot Acreage: 0.5240
  • Lot Dimensions: 100x222
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2024
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Bar, Beamed Ceiling(s), Built-Ins, Elevator, Recessed Lighting, Wet Bar, Home Automation System, High Ceilings (9 Feet+), Cathedral-Vaulted Ceilings, Open Floor Plan, Pre-wired for surround sound, Storage Space, Turnkey
  • Fireplace Rooms: Dining, Living Room, Two Way, Family Room, Gas, Exterior, Primary Bedroom
  • Flooring: Hardwood, Stone Tile, Tile
  • Appliances: Built-In BBQ, Double Oven, Range Hood, Microwave, Warmer Oven Drawer, Range, Oven, Built-Ins, Gas
  • Bedrooms: 6
  • Fireplaces: 5
  • Full Bathroom: 8
  • Half Bathroom: 4
  • Bedroom Features: Dressing Area, Primary Retreat, WalkInCloset, Main Floor Bedroom
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Primary Baths, Double Shower, Double Vanity(s), Powder Room, Shower and Tub, Shower Stall, Steam Shower, Under Vanity Lighting
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Eating Areas: Breakfast Area, Formal Dining Rm
  • Kitchen Features: Pantry, Open to Family Room, Island, Stone Counters, Gourmet Kitchen
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 12.00
  • Den: 0
  • Equipment: Alarm System, Bar Ice Maker, Barbeque, Built-Ins, Dishwasher, Dryer, Elevator, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Water Line to Refrigerator, Water Purifier, Solar Panels, Washer, Water Filter, Hood Fan, Ice Maker
  • Fireplace: Yes
  • Windows: Custom Window Covering

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+), Barbecue Private, Custom Built, Double Door Entry, Energy Efficient, Sauna Private, Service Entrance, Sliding Glass Doors
  • Other Structures: Cabana, Pool House
  • Fence: Privacy
  • Patio: Balcony, Patio Open, Covered
  • Pool Description: Negative Edge/Infinity Pool, Gunite, In Ground
  • Pool: Yes
  • Spa: In Ground
  • Spa Yn: Yes
  • View: Canyon, Coastline, City, Water, Ocean
  • View: Yes

Garage/Parking

  • Garage Spaces: 8
  • Other Spaces: 4
  • Parking Garage: Circular Driveway, Garage - 4+ Car, Garage Is Attached, Direct Entrance, Auto Driveway Gate, Parking for Guests - Onsite, Garage - 2 Car, Driveway - Brick, Gated, Subterranean
  • Total Parking: 12

Utilities

  • Water Heater: Tankless
  • Cooling: Air Conditioning, Central, Multi/Zone
  • Heating: Central, Fireplace
  • Security: Automatic Gate, Exterior Security Lights, Fire and Smoke Detection System, Smoke Detector, Carbon Monoxide Detector(s), Prewired for alarm system, Card/Code Access
  • Water: District

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Los Angeles Unified

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4411-016-011
  • Lot Description: Back Yard, Automatic Gate, Exterior Security Lights, Fenced, Yard, Secluded, Lawn, Landscaped, Front Yard
  • Lot Location: Canyon
  • Lot Size Area: 22824

Rental Info

  • Furnished: Furnished Or Unfurnished
  • Land Lease Purchase Yn: No

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2024
Sold by
Rancho Del Mar Trust and Royce David B
Bought by
Rancho Del Mar Trust and Royce
Current Estimated Value
$18,141,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,400,000
Outstanding Balance
$21,642,248
Interest Rate
5.15%
Mortgage Type
New Conventional
Estimated Equity
-$3,501,201

Purchase Details

Listed on
May 23, 2024
Closed on
Jun 12, 2024
Sold by
538 Chautauqua Llc
Bought by
Rancho Del Mar Trust
Seller's Agent
Jacqueline Chernov
The Beverly Hills Estates
Buyer's Agent
Cory Weiss
Douglas Elliman
List Price
$34,000,000
Sold Price
$32,300,000
Premium/Discount to List
-$1,700,000
-5%
Views
191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-40.81%

Purchase Details

Listed on
Nov 23, 2020
Closed on
Nov 6, 2020
Sold by
Davis Carolyn Jeanne and The Davis Living Trust
Bought by
538 Chautauqua Llc
Seller's Agent
Jennifer Portnoy
Compass
Buyer's Agent
Jacqueline Chernov
The Beverly Hills Estates
List Price
$4,995,000
Sold Price
$6,626,000
Premium/Discount to List
$1,631,000
32.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.52%
Original Mortgage
$9,493,413
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 23, 2020
Closed on
Oct 29, 2020
Sold by
Davis Carolyn Jeanne
Bought by
Davis Carolyn Jeanne and Davis Living Trust
Seller's Agent
Jennifer Portnoy
Compass
Buyer's Agent
Jacqueline Chernov
The Beverly Hills Estates
List Price
$4,995,000
Sold Price
$6,626,000
Premium/Discount to List
$1,631,000
32.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,493,413
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 15, 2016
Sold by
Davis Carolyn Jeanne
Bought by
Davis Carolyn Jeanne

Purchase Details

Closed on
Apr 2, 2015
Sold by
Davis John Randall
Bought by
Davis Carolyn Jeanne and Davis Living Trust

Purchase Details

Closed on
Mar 5, 2015
Sold by
Davis John Randall
Bought by
Davis John Randall and The John Randall Davis Revocable Living

Purchase Details

Closed on
Dec 10, 2003
Sold by
Davis James E and Davis Martha Lee
Bought by
Davis John Randall and Davis Living Trust I

Purchase Details

Closed on
Dec 10, 1993
Sold by
Davis Martha Lee
Bought by
Davis James E

Purchase Details

Closed on
Nov 24, 1993
Sold by
Davis James E and Davis Martha Lee
Bought by
Davis Martha Lee
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
Rancho Del Mar Trust -- Fidelity National Title
Rancho Del Mar Trust $32,300,000 Orange Coast Title Company
538 Chautauqua Llc $6,626,000 Provident Title Company
Davis Carolyn Jeanne -- Accommodation
Davis Carolyn Jeanne -- None Available
Davis Carolyn Jeanne -- None Available
Davis John Randall -- None Available
Davis John Randall -- --
Davis James E -- --
Davis Martha Lee -- --
Davis James E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rancho Del Mar Trust $22,400,000
Previous Owner 538 Chautauqua Llc $11,250,000
Previous Owner 538 Chautauqua Llc $9,493,413
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Sold $32,300,000 -5.0% $11,062 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
05/23/2024 05/23/24 For Sale $34,000,000 +413.1% $11,644 / Sq Ft
11/30/2020 11/30/20 Sold $6,626,000 +32.7% $2,269 / Sq Ft
11/23/2020 11/23/20 Pending -- -- --
11/23/2020 11/23/20 For Sale $4,995,000 -- $1,711 / 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 $143,462 $32,300,000 $26,300,000 $6,000,000
2024 $143,462 $11,851,669 $7,003,972 $4,847,697
2023 $83,362 $6,893,794 $5,515,056 $1,378,738
2022 $79,449 $6,758,622 $5,406,918 $1,351,704
2021 $78,521 $6,626,100 $5,300,900 $1,325,200
2020 $28,751 $2,341,776 $1,939,294 $402,482
2019 $27,607 $2,716,065 $2,286,474 $429,591
2018 $32,336 $2,662,810 $2,241,642 $421,168
2016 $16,622 $1,357,344 $950,150 $407,194
2015 $16,381 $1,336,956 $935,878 $401,078
2014 $16,440 $1,310,768 $917,546 $393,222
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-394931

The MLS

APN: 4411-016-011