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16007 Miami Way, Pacific Palisades, CA 90272

Sale Price: $1,550,000
Apr 13, 20251,576 sqft3 beds0 baths
Listed by: Michael Edlen
License #: 00902158
Phone #: 310-600-7422
Coldwell Banker Realty
Source:
CRMLS Logo
MLS #: 25524777

Property Description

Exceptional opportunity to reimagine and rebuild in the highly sought-after El Medio Bluffs neighborhood of the Palisades. This vacant lot offers tremendous potential and investment upside. Phase 1 and 2 of debris removal have been completed (trees still in process), streamlining the process for new development. Perfect for visionary buyers looking to revitalize and invest in one of the Palisades' most desirable areas. Don't miss your chance to breathe new life into this special community. NOTE: resident/vendor /contractor pass required to enter the Palisades. See DOCS for Offer Guidelines. Neither Seller nor Broker/Agents guarantee the accuracy of the square footage, lot size, permits or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information (including square footage) through personal inspections and with the appropriate professionals.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$22,050

TurboHome Estimated Value

$1,482,500

$941 sqft

High Valuation
$1,556,625
$988/sqft
Normal Valuation
$1,482,500
$941/sqft
Low Valuation
$1,408,375
$894/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$941/sqft$1,482,500

Neighborhood: Pacific Palisades

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Comparative Value

$1.50M

$1.55M

$1.60M

$1.76M

$1.94M

16007 Miami Way, Pacific Palisades, CA 90272

List Price: $1,495,000

Subject Property

16007 Miami Way, Pacific Palisades, CA 90272

Sale Price: $1,550,000

Selected Comparable

611 Erskine Dr, Pacific Palisades, CA 90272

Sale Price: $1,600,000

Selected Comparable

16625 Marquez Ter, Pacific Palisades, CA 90272

Sale Price: $1,600,000

Selected Comparable

549 Muskingum Pl, Pacific Palisades, CA 90272

Sale Price: $1,760,000

Selected Comparable

564 Radcliffe Ave, Pacific Palisades, CA 90272

Sale Price: $1,940,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
16007 Miami Way, Pacific Palisades, CA 90272

16007 Miami Way, Pacific Palisades, CA 90272

List: $1,495,000

Listed: 4/13/2025

Area:1,576 sqft
Price/sqft:$949
Beds:3
Baths:
Year Built:
Lot Size:5,750

Comparable Properties

COMPARABLE
Choose comps
549 Muskingum Pl, Pacific Palisades, CA 90272

549 Muskingum Pl, Pacific Palisades, CA 90272

Sale: $1,760,000

7/11/20250.14 mi

Area:1,541 sqft
Price/sqft:$1,142
Beds:3
Baths:
Year Built:
Weight:22.1%
16007 Miami Way, Pacific Palisades, CA 90272

16007 Miami Way, Pacific Palisades, CA 90272

Sale: $1,550,000

4/28/20250.00 mi

Area:1,576 sqft
Price/sqft:$984
Beds:3
Baths:
Year Built:
Weight:22.0%
611 Erskine Dr, Pacific Palisades, CA 90272

611 Erskine Dr, Pacific Palisades, CA 90272

Sale: $1,600,000

4/14/20250.19 mi

Area:1,395 sqft
Price/sqft:$1,147
Beds:3
Baths:
Year Built:
Weight:19.9%
564 Radcliffe Ave, Pacific Palisades, CA 90272

564 Radcliffe Ave, Pacific Palisades, CA 90272

Sale: $1,940,000

8/4/20250.47 mi

Area:1,921 sqft
Price/sqft:$1,010
Beds:3
Baths:
Year Built:
Weight:19.1%
16625 Marquez Ter, Pacific Palisades, CA 90272

16625 Marquez Ter, Pacific Palisades, CA 90272

Sale: $1,600,000

6/16/20250.52 mi

Area:2,247 sqft
Price/sqft:$712
Beds:3
Baths:
Year Built:
Weight:16.8%

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