$1,998,000
MLS: 26843951
Beds
2
Baths
3
Sq Ft
2,037
Lot
1.68 ac
Year Built
2028
MLS #
26843951
Days on Market
69
Listed
Jun 5, 2026
Description
Ocean Woods Terrace is being reintroduced as a newly reimagined condominium community in Pacific Palisades, thoughtfully designed to blend contemporary living with the timeless appeal of Southern California's coast. Perched in the Castellammare hillside above Pacific Coast Highway, this boutique residential address offers a rare opportunity to enjoy brand-new construction in one of Los Angeles' most iconic coastal settings. Set near the Self-Realization Fellowship Lake Shrine and just moments from the beach, Ocean Woods Terrace brings together scenic surroundings, architectural refinement, and everyday access to the best of the Westside. Featuring 36 residences, Ocean Woods Terrace is envisioned as an intimate and beautifully curated residential community created to harmonize with the Palisades landscape while delivering a fresh, elevated living experience. The project has been publicly presented as a rebuild that marks a new chapter for Pacific Palisades, with design leadership from Kevin Tsai Architecture and coordination among the ownership community as part of the area's broader recovery. Every element of the new vision is centered on modern comfort, refined design, and a seamless connection to the surrounding coastal environment. Ocean Woods Terrace enjoys a coveted location above the coastline in the Castellammare area of Pacific Palisades. From here, residents are close to Pacific Coast Highway, the beach, Palisades Village, Santa Monica, and the hiking trails that define the Santa Monica Mountains lifestyle. This is a setting that offers both tranquility and convenience: a hillside residential environment with quick access to coastal dining, shopping, recreation, and the broader Westside. The result is a lifestyle that feels private and relaxed while remaining connected to some of Southern California's most desirable destinations. Ocean Woods Terrace offers buyers the uncommon combination of a prestigious Pacific Palisades address, a boutique residential scale, and the appeal of brand-new construction in a celebrated coastal neighborhood. For purchasers seeking fresh design, a scenic setting, and access to the beach and Westside lifestyle, the community represents an exceptional new offering above the Pacific. Construction starts in November 2026. Completion in first quarter of 2028.
Location
Pacific Palisades, Los Angeles County, CA 90272
Open on Google Maps ↗Listed by: Jacqueline Chernov · The Beverly Hills Estates
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
$14,698
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $199,800 · Loan: $1,798,200
Average 30-yr fixed rate 6.67% as of Aug 13, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $11,568
- Property tax (1.25%)
- $2,081
- Homeowners insurance
- $300
- Mortgage insurance
- $749
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 Aug 13, 2026
- 30-year fixed
- 6.67%
- 15-year fixed
- 5.96%
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 $69,930 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.
★#1 Producing Individual Realtor — Antelope Valley
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