1071 Tellem Drive
Pacific Palisades, CA, 90272
$4,430,000
Original list price: $4,950,000
MLS: 26846927
Beds
5
Baths
4
Sq Ft
3,068
Lot
0.33 ac
Year Built
1961
MLS #
26846927
Days on Market
122
Listed
Jun 15, 2026
Description
Welcome to 1071 Tellem Drive, a captivating blend of timeless architecture and modern enhancements, nestled in the sought-after neighborhood of Marquez Knolls in Pacific Palisades. Offered for just the second time in 48 years, this spacious residence offers 5 bedrooms, 4 bathrooms, and sits on a generous one-third acre lot that is almost entirely flat and usable, providing an exceptional level of privacy and versatility.Experience the essence of California living within this home. Its design features soaring wood vaulted ceilings, expansive windows, and sliding glass doors that invite an abundance of natural light into every room. Enjoy the seamless indoor-outdoor experience as nearly every space opens to a private patio, balcony, or outdoor area surrounded by mature trees and glen vistas.The main living areas flow effortlessly to the backyard, a haven for relaxation and entertainment, complete with a sparkling 35-foot pool, elevated spa, outdoor shower, built-in grill, and multiple spaces for gatherings.The floor plan includes three bedrooms upstairs, one of which is a serene primary suite offering ocean and Queen's Necklace views. An additional en suite bedroom on the main level provides flexibility for various uses. The property also boasts a permitted ADU with its own private entrance, kitchen, and bathroom, offering approximately 450 square feet of additional space, ideal for extended family, visitors, a private workspace, or potential income opportunities. Buyer to verify permits and square footage.The home's quality craftsmanship shines through in its solid white oak flooring, custom black walnut built-ins, two cozy fireplaces with Heath Tile hearths, and a well-appointed kitchen featuring Sub Zero, Wolf, and Gaggenau appliances. The primary bathroom is a luxury retreat with heated floors and premium fixtures.Extensively renovated in 2017 and 2018, the property has received significant investment and care over the years, including hillside stabilization measures, drainage improvements, foundation bolting, extensive fire hardening enhancements completed in 2021, and professional remediation following the Palisades fires, reflecting the owners' commitment to quality, resilience, and thoughtful stewardship.1071 Tellem Drive is a rare offering that embodies the best of coastal California living, blending Mid Century character, modern comfort, and exceptional flexibility in one of Pacific Palisades' most desirable neighborhoods.
Location
Pacific Palisades, Los Angeles County, CA 90272
Open on Google Maps ↗Listed by: Gianni Cantu · Douglas Elliman
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$34,181
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $443,000 · Loan: $3,987,000
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $27,605
- Property tax (1.25%)
- $4,615
- Homeowners insurance
- $300
- Mortgage insurance
- $1,661
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Pacific Palisades home with as little as 3.5% down using an FHA loan — roughly $155,050 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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