$18,300,000
SOLD MAY 3, 2024

563 Spoleto Dr Pacific Palisades, CA 90272

5 Beds
7 Baths
7,713 Sq Ft
0.48 Acres

Recently Sold

$2,373 Per Sq Ft

8% Below List Price

91 Days on Market

Highlights

  • Coastline Views
  • In Ground Pool
  • Family Room with Fireplace
  • Wine Cellar
  • 0.48 Acre Lot
  • Mediterranean Architecture

About This Home

As of May 2024

This stunning California Mediterranean residence, nestled in the sought-after street of the Pacific Palisades' Riviera neighborhood, presents a rare opportunity to own one of the Westside's most exquisite properties. Crafted by acclaimed architect Thomas Proctor, this timeless home boasts meticulous attention to detail in its finishes, windows, arches, wrought iron gates, fireplaces, and more, appealing to the most discerning of buyers. Embracing the allure of Mediterranean-style architecture bathed in sunlight, it seamlessly blends Californian sensibilities with balconies, patios, porticos, and a captivating loggia that offers sweeping panoramic vistas across the canyon to the mountains. The outdoor living area, featuring a limestone fireplace and heated floors, becomes a haven for enjoying breathtaking sunsets. A splendid vaulted gallery leads to a grand living room on one side and an elegant dining room on the other. A walnut-paneled circular office/library stands as a private retreat, connected to the entry courtyard. At the heart of the home lies a den/family room with a limestone fireplace, complemented by arched doors opening to the loggia, yard, or kitchen. The breakfast area, adorned with a raised fireplace, and a spacious kitchen, equipped with a central island, cater to culinary needs with grace. Upstairs, the primary suite, accompanied by two walk-in closets and a spa-like bath, shares in the serene, breathtaking views. Additionally, three generously sized ensuite bedrooms and a gym occupy the upper level, while an extra bedroom resides downstairs. The residence boasts four zones of HVAC, a three-car garage, an outdoor shower, and a wine cellar, ensuring both luxury and practicality.

Last Agent to Sell the Property

Aaron Kirman

Christie's International Real Estate SoCal License #01296524 Listed on: 01/29/2024

Christie's International Real Estate SoCal

Co-Listed By

Cindy Ambuehl

Christie's International Real Estate SoCal License #01821934

Last Buyer's Agent

Aaron Kirman

Christie's International Real Estate SoCal License #01296524 Listed on: 01/29/2024

Christie's International Real Estate SoCal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $51,542

Year Built

  • Built in 2004

Lot Details

  • 0.48 Acre Lot
  • Property is zoned LARE11

HOA Fees

  • $25 Monthly HOA Fees

Property Views

  • Coastline
  • Woods
  • Trees
  • Canyon
  • Hills

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 7,713 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bar
  • Entryway
  • Wine Cellar
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Home Gym
  • Alarm System

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Powder Room
  • 7 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Driveway

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Open Patio
  • Outdoor Fireplace
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4408-023-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$51,542

Year Built

Built in 2004

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 7713
  • Lot Acreage: 0.4822
  • Stories: 2
  • Year Built: 2004
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Family Room, Exterior, Patio
  • Flooring: Mixed
  • Bedrooms: 5
  • Full Bathroom: 7
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Laundry Area, Inside
  • Total Bathrooms: 7.00
  • Den: 0
  • Equipment: Dryer, Built-Ins, Washer, Dishwasher, Barbeque, Alarm System, Range/Oven, Refrigerator
  • Price Per S Q F T: 2592.38

Exterior Features

  • Other Structures: None
  • Pool Description: In Ground, Private
  • Pool: Yes
  • Spa: In Ground, Private
  • Spa Yn: Yes
  • View: Canyon, Coastline, Hills, Fields, Tree Top, Trees/Woods
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 3 Car, Driveway
  • Total Parking: 3

Utilities

  • Cooling: Central, Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • HOA Fees: 300.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4408-023-004
  • Lot Size Area: 21006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2024
Closed on
May 3, 2024
Sold by
Nicholas Vlietstra 2020 Irrevocable Trus and Barbara Vlietstra 2020 Irrevocable Trust
Bought by
563 Spoleto Drive Llc
Seller's Agent
Aaron Kirman
Christie's International Real Estate SoCal
Buyer's Agent
Aaron Kirman
Christie's International Real Estate SoCal
List Price
$19,995,000
Sold Price
$18,300,000
Premium/Discount to List
-$1,695,000
-8.48%
Views
178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-43.67%

Purchase Details

Closed on
Dec 28, 2020
Sold by
Vlietstra Klaas F and Vlietstra Dorothy R
Bought by
Vlietstra Jan and Vlietstra Barbara 2020

Purchase Details

Closed on
Feb 23, 2007
Sold by
Vlietstra Klaas F and Vlietstra Dorothy R
Bought by
Vlietstra Klaas F and Vlietstra Dorothy R

Purchase Details

Closed on
Jul 23, 1999
Sold by
Humphrey William A and Humphrey Mary Ann Russo
Bought by
Vlietstra Klaas F and Vlietstra Dorothy B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,340,000
Interest Rate
7.5%

Purchase Details

Closed on
Dec 14, 1998
Sold by
Humphrey William A and Russo Mary Ann
Bought by
Humphrey William A and Humphrey Mary Ann Russo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.75%

Purchase Details

Closed on
May 8, 1996
Sold by
Price Arnold J and Price Rline M
Bought by
Humphrey William A and Russo Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
8.12%

Purchase Details

Closed on
Apr 23, 1996
Sold by
Price Arnold J and Price Family Trust
Bought by
Price Arnold J and Price Arline M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
8.12%

Purchase Details

Closed on
Nov 12, 1993
Sold by
Price Arnold J and Price Arline M
Bought by
Price Arnold J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.85%
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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Individual Deed -- Progressive Title Company
Interfamily Deed Transfer -- Fidelity National Title Co
Individual Deed $1,375,000 Title Land Company
Interfamily Deed Transfer -- --
Grant Deed -- Equity Title Company
Grant Deed -- Equity Title Company
Grant Deed $18,300,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,316,000 Credit Line Revolving
Previous Owner $5,784,000 New Conventional
Previous Owner $3,750,000 Credit Line Revolving
Previous Owner $2,750,000 Credit Line Revolving
Previous Owner $2,300,000 Adjustable Rate Mortgage/ARM
Previous Owner $2,250,000 Credit Line Revolving
Previous Owner $750,000 Credit Line Revolving
Previous Owner $1,180,000 Unknown
Previous Owner $1,340,000 No Value Available
Previous Owner $400,000 Credit Line Revolving
Previous Owner $1,100,000 No Value Available
Previous Owner $992,000 Unknown
Previous Owner $993,000 Unknown
Previous Owner $1,000,000 No Value Available
Previous Owner $308,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2025 06/07/25 For Sale $19,995,000 +9.3% $2,592 / Sq Ft
05/03/2024 05/03/24 Sold $18,300,000 -8.5% $2,373 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
01/29/2024 01/29/24 For Sale $19,995,000 0.0% $2,592 / Sq Ft
04/05/2022 04/05/22 Rented $45,000 -25.0% --
03/25/2022 03/25/22 For Rent $60,000 -- --
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 $51,542 $18,666,000 $15,300,000 $3,366,000
2024 $51,542 $4,223,679 $2,591,779 $1,631,900
2023 $50,540 $4,140,862 $2,540,960 $1,599,902
2022 $48,183 $4,059,670 $2,491,138 $1,568,532
2021 $47,497 $3,980,070 $2,442,293 $1,537,777
2020 $47,989 $3,939,260 $2,417,251 $1,522,009
2019 $46,066 $3,862,020 $2,369,854 $1,492,166
2018 $45,809 $3,786,295 $2,323,387 $1,462,908
2016 $43,782 $3,639,270 $2,233,168 $1,406,102
2015 $43,136 $3,584,606 $2,199,624 $1,384,982
2014 $43,256 $3,514,390 $2,156,537 $1,357,853
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-345761

The MLS

APN: 4408-023-004