Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

525 Spoleto Drive

Pacific Palisades, CA, 90272

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$21,000,000

MLS: 26635003

Beds

5

Baths

7

Sq Ft

Lot

0.95 ac

Year Built

MLS #

26635003

Days on Market

103

Listed

Jan 8, 2026

Description

Once in a generation traditional estate on a double lot (525 & 527 Spoleto) with large park-like lawns, gorgeous gardens, tennis/pickle ball court, huge swimmer's pool and spectacular ocean views. This idyllic east coast shingled home has been completely remodeled and renovated in 2025 and features every conceivable amenity. Beautiful 2 story entry, large paneled living room, formal dining room, a true gourmet's kitchen w/ open breakfast room and fireplace that leads to a beautiful family room and covered loggia with outdoor living and dining. Incredible primary suite with beautifully appointed luxurious bath and closets. Lower level includes theater, media room, wine cellar, and staff/guest room, etc. The location, privacy and views are beyond words - perfect indoor/outdoor living. A incredible offering that rarely exists and impossible to find. Shown to pre-qualified clients.

Location

Pacific Palisades, Los Angeles County, CA 90272

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Listed by: Kurt Rappaport · Westside Estate Agency Inc.

Payment estimate

$146,175

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $2,100,000 · Loan: $18,900,000

%
Principal & Interest
$116,125
Property tax (1.25%)
$21,875
Homeowners insurance
$300
Mortgage insurance
$7,875
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Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

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 $735,000 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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