Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

550 Spoleto Drive

Pacific Palisades, CA, 90272

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$14,500,000

MLS: 26656171

Beds

6

Baths

7

Sq Ft

8,210

Lot

0.38 ac

Year Built

1988

MLS #

26656171

Days on Market

37

Listed

Mar 16, 2026

Description

Modern Traditional, fresh and completely renovated in 2022. Walking distance to the ocean on one of the finest and quietest streets in the Riviera. 6 beds / 6.5 baths over 8,200 sqft on 2 levels. Open floor plan with high ceilings. On the first floor, one finds a soaring two-story entry flanked by formal living room and dining room. Opening to the gardens and pool is a large game room with bar and vast gourmet kitchen with breakfast area and informal living room. Adjacent to the game room is an oversized screening room - perfect for entertaining. 2 additional bedroom suites complete the main floor. Upstairs, the Primary suite is a world apart with sitting room, large bath and double closets. 3 additional upstairs bedrooms with baths en-suite and upstairs den make this a most functional layout. Additional features include: an outdoor kitchen, wine cellar, large storage areas and an oversized 3-car garage. Exceptional location in prime Riviera surrounded by major estates. Shown to prequalified clients.

Location

Pacific Palisades, Los Angeles County, CA 90272

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Listed by: Drew Fenton · Carolwood Estates

Payment estimate

$101,023

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $1,450,000 · Loan: $13,050,000

%
Principal & Interest
$80,181
Property tax (1.25%)
$15,104
Homeowners insurance
$300
Mortgage insurance
$5,438
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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 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 $507,500 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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