729 Enchanted Way Pacific Palisades, CA 90272
Estimated payment $16,988/month
About This Lot
An exceptional RTI (Ready-to-Issue) development opportunity with sweeping, unobstructed ocean views on a generous 11,197 sq ft lot in the heart of Pacific Palisades. Perched to capture dramatic vistas from Catalina Island to Topanga Point, this rare offering allows a buyer or developer to break ground immediately, eliminating the long wait typically associated with permitting and design.The existing RTI plans present a thoughtfully designed layout, but they may be modified to suit the buyer's needs offering the flexibility to add bedrooms, bathrooms, or reconfigure interior spaces. There is ample room for a pool, and the expansive basement level provides additional space for a gym, theater, wine cellar, office, or guest quarters. Located just minutes from Palisades Village, this parcel offers both seclusion and convenience close to top-rated schools, high-end shops, acclaimed restaurants, and scenic hiking trails. This is a rare opportunity to build a custom home in one of Los Angeles' most prestigious neighborhoods, with the hard work already done.Don't miss the chance to create a legacy property with commanding ocean views and unrivaled potential. Inquire for further details and next steps. The seller does not require the buyer to purchase the property with plans; such inclusion is offered solely at the buyer's discretion and is not a condition of the sale.
Property Details
Property Type
- Land
Est. Annual Taxes
- $44,338
Lot Details
- 0.26 Acre Lot
- Secluded Lot
- Property is zoned LAR1
Property Views
- Ocean
- Panoramic
- Mountain
Listing and Financial Details
- Assessor Parcel Number 4419-005-062
Map
Home Values in the Area
Average Home Value in this Area
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 | $44,338 | $3,735,451 | $2,971,382 | $764,069 |
| 2024 | $44,338 | $3,662,208 | $2,913,120 | $749,088 |
| 2023 | $43,470 | $3,590,400 | $2,856,000 | $734,400 |
| 2022 | $4,757 | $380,426 | $177,520 | $202,906 |
| 2021 | $4,686 | $372,968 | $174,040 | $198,928 |
| 2019 | $4,600 | $361,908 | $168,879 | $193,029 |
| 2018 | $4,439 | $354,813 | $165,568 | $189,245 |
| 2016 | $4,192 | $341,038 | $159,140 | $181,898 |
| 2015 | $4,132 | $335,916 | $156,750 | $179,166 |
| 2014 | $4,155 | $329,337 | $153,680 | $175,657 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | Price Changed | $2,495,000 | -13.8% | -- |
| 07/03/2025 07/03/25 | Price Changed | $2,895,000 | -9.4% | -- |
| 06/19/2025 06/19/25 | Price Changed | $3,195,000 | -7.3% | -- |
| 05/19/2025 05/19/25 | Price Changed | $3,445,000 | -1.4% | -- |
| 04/07/2025 04/07/25 | For Sale | $3,495,000 | 0.0% | -- |
| 07/07/2022 07/07/22 | Rented | $7,500 | 0.0% | -- |
| 07/06/2022 07/06/22 | Price Changed | $7,500 | -11.8% | $3 / Sq Ft |
| 06/24/2022 06/24/22 | Price Changed | $8,500 | -5.6% | $4 / Sq Ft |
| 06/22/2022 06/22/22 | For Rent | $9,000 | 0.0% | -- |
| 02/01/2022 02/01/22 | Sold | $3,300,000 | +32.1% | $1,518 / Sq Ft |
| 01/18/2022 01/18/22 | Pending | -- | -- | -- |
| 01/12/2022 01/12/22 | For Sale | $2,499,000 | -- | $1,149 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Stewart Title Of Ca Inc | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $3,412,500 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $938,250 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $359,650 | Credit Line Revolving | |
| Previous Owner | $222,000 | Unknown | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $230,000 | Unknown |
Source: The MLS
MLS Number: 25522251
APN: 4419-005-062
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© 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.
Information is deemed reliable but not guaranteed.
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