NOT LISTED FOR SALE

609 Palisades Beach Rd Santa Monica, CA 90402

North of Montana Neighborhood

Estimated Value: $7,406,000 - $17,123,569

10 Beds
12 Baths
10,723 Sq Ft
$1,144/Sq Ft Est. Value

Last Sold October 24, 2019

Last sale price $16,000,000 $1,492 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $83,430/month

287 Days on Market

Highlights

  • Ocean View
  • Guest House
  • Home Theater
  • Roosevelt Elementary School Rated A+
  • Art Studio
  • 1-minute walk to Palisades Park

About This Home

As of October 2019

A rare Santa Monica beachfront estate with sweeping panoramic views that span from Palos Verdes to Malibu. This Spanish Colonial Revival is prominently situated on the legendary Gold Coast. The property features classic elements with what one would expect from today's modern luxury living. Enter this elegant sanctuary through a courtyard, high ceilings throughout adorn generously sized living spaces. The master suite enraptures breathtaking ocean views, a huge master bath, and walk-in closets. Three kitchens and a separate guest house accommodate hosting guests or staff. Private collector's 6-car underground parking garage. Large private pool and grassy backyard are just footsteps from the sand. Nearby the famous Santa Monica Pier, Third Street Promenade, Santa Monica Place, farmer's market, world-class restaurants, shopping, and entertainment.

Last Agent to Sell the Property

Aitan Segal

Compass License #01423997 Listed on: 01/10/2019

Compass

Co-Listed By

Bachir Oueida

Douglas Elliman License #00936311

Last Buyer's Agent

Aitan Segal

Compass License #01423997 Listed on: 01/10/2019

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $199,223

Year Built

  • Built in 1999

Lot Details

  • 10,070 Sq Ft Lot
  • Property is zoned SMR2B*

Property Views

  • Ocean
  • Panoramic

Home Design

  • Spanish Architecture

Interior Spaces

  • 10,723 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Bar
  • Formal Entry
  • Great Room
  • Family Room
  • Living Room
  • Dining Area
  • Home Theater
  • Den with Fireplace
  • Library
  • Bonus Room
  • Art Studio
  • Dance Studio
  • Workshop
  • Sun or Florida Room
  • Utility Room
  • Sauna
  • Home Gym
  • Center Hall
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone
  • Concrete
  • Marble

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Walk-In Closet
  • Powder Room
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • 12 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Intercom
  • Alarm System

Parking

  • Subterranean Parking
  • Garage Apartment
  • Side by Side Parking
  • Guest Parking
  • On-Street Parking

Outdoor Features

  • Heated In Ground Pool
  • Open Patio
  • Outdoor Grill

Additional Homes

  • Guest House

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4293-018-021

Home Details

Home Type

Single Family

Est. Annual Taxes

$199,223

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 10723
  • Stories: 3
  • Year Built: 1999
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Den
  • Flooring: Cement, Hardwood, Marble, Mixed, Stone Tile
  • Bedrooms: 10
  • Full Bathroom: 12
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 12.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Bar Ice Maker, Built-Ins, Cable, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Intercom, Range/Oven, Refrigerator, Vented Exhaust Fan, Washer
  • Price Per S Q F T: 1864.68

Exterior Features

  • Other Structures: Other
  • Tennis Court Y/N: No
  • Pool Description: Heated And Filtered, In Ground
  • Pool: Yes
  • Spa Yn: No
  • View: Ocean, Panoramic
  • View: Yes

Garage/Parking

  • Parking Garage: On street, Parking for Guests, Parking for Guests - Onsite, Side By Side, Subterranean

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4293-018-021
  • Geocode Override: No
  • Lot Size Area: 10070

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2019
Closed on
Oct 16, 2019
Sold by
Ellahi Shiekh S and Shiekh Anjum
Bought by
1St Avenue Palisades Llc
Seller's Agent
Aitan Segal
Compass
Buyer's Agent
Aitan Segal
Compass
List Price
$21,875,000
Sold Price
$16,000,000
Premium/Discount to List
-$5,875,000
-26.86%
Current Estimated Value
$12,264,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,735,215
Avg. Annual Appreciation
-4.45%

Purchase Details

Closed on
Sep 2, 2005
Sold by
Hamilton Peter R
Bought by
Ellahi Shiekh S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 2002
Sold by
Hamilton Peter R
Bought by
Hamilton Peter R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,300,000
Interest Rate
4.5%

Purchase Details

Closed on
Dec 8, 1997
Sold by
State Of California
Bought by
Scharps David L
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
1St Avenue Palisades Llc $16,000,000 Progressive Title Company
Ellahi Shiekh S $12,000,000 Equity Title Company
Hamilton Peter R -- Fidelity National Title Co
Scharps David L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Avenue Palisades Llc $10,380,000
Closed 1St Avenue Palisades Llc $11,200,000
Previous Owner Ellahi Shiekh S $10,000,000
Previous Owner Ellahi Shiekh S $16,000,000
Previous Owner Ellahi Shiekh S $20,000,000
Previous Owner Ellahi Shiekh S $20,000,000
Previous Owner Ellahi Shiekh S $15,000,000
Previous Owner Ellahi Shiekh S $5,000,000
Previous Owner Hamilton Peter R $1,500,000
Previous Owner Hamilton Peter R $100,000
Previous Owner Hamilton Peter R $200,000
Previous Owner Hamilton Peter R $2,500,000
Previous Owner Hamilton Peter R $48,000
Previous Owner Hamilton Peter E $5,000,000
Previous Owner Hamilton Peter R $3,300,000
Previous Owner Hamilton Peter R $1,850,000
Previous Owner Hamilton Peter R $1,100,000
Previous Owner Hamilton Peter R $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2019 10/24/19 Sold $16,000,000 -20.0% $1,492 / Sq Ft
05/03/2019 05/03/19 Price Changed $19,995,000 -8.6% $1,865 / Sq Ft
01/10/2019 01/10/19 For Sale $21,875,000 0.0% $2,040 / Sq Ft
10/07/2014 10/07/14 Rented $40,000 -20.0% --
10/07/2014 10/07/14 Under Contract -- -- --
03/14/2014 03/14/14 For Rent $50,000 -- --
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 $199,223 $17,498,336 $10,936,460 $6,561,876
2024 $199,223 $17,155,232 $10,722,020 $6,433,212
2023 $196,062 $16,818,856 $10,511,785 $6,307,071
2022 $193,787 $16,489,075 $10,305,672 $6,183,403
2021 $189,272 $16,165,760 $10,103,600 $6,062,160
2019 $174,592 $14,700,823 $8,575,482 $6,125,341
2018 $164,251 $14,412,573 $8,407,336 $6,005,237
2016 $149,327 $13,050,000 $7,612,500 $5,437,500
2015 $149,658 $13,050,000 $7,612,500 $5,437,500
2014 $150,267 $13,050,000 $7,612,500 $5,437,500
Source: Public Records

Agents Affiliated with this Home

  • Aitan Segal

    Seller's Agent in 2019

    Aitan Segal

    Compass

    (310) 739-1561

    10 Total Sales

    Aitan Segal
    Section Image

  • B

    Seller Co-Listing Agent in 2019

    Bachir Oueida

    Douglas Elliman

    (310) 271-2229

    16 Total Sales

    Bachir Oueida
    Section Image

  • M

    Seller's Agent in 2014

    Monique Jelley

    The Address, Inc.

    Section Image
  • Eytan Levin

    Seller Co-Listing Agent in 2014

    Eytan Levin

    The Agency

    (310) 924-0806

    15 Total Sales

    Eytan Levin
    Section Image
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Map

Source: The MLS

MLS Number: 19-422548

The MLS

APN: 4293-018-021

California Los Angeles County Santa Monica 90402 North of Montana

609 Palisades Beach Rd, Santa Monica, CA

This home is located at 609 Palisades Beach Rd, Santa Monica, CA 90402 since 10 January 2019 and is currently estimated at $12,264,785, approximately $1,143 per square foot. This property was built in 1999. 609 Palisades Beach Rd is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Lincoln Middle School, and Santa Monica High 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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