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729 Enchanted Way, Pacific Palisades, CA 90272

List Price: $2,495,000On Market FlagOn market
Apr 7, 20252,174 sqft3 beds0 baths
Listed by: Adam Cohen
License #: 01976896
Phone #: 818-903-6097
Douglas Elliman
Source:
CRMLS Logo
MLS #: 25522251

Property Description

An exceptional RTI (Ready-to-Issue) development opportunity with sweeping, unobstructed ocean views on a generous 11,197 sq ft lot in the heart of Pacific Palisades. Perched to capture dramatic vistas from Catalina Island to Topanga Point, this rare offering allows a buyer or developer to break ground immediately, eliminating the long wait typically associated with permitting and design.The existing RTI plans present a thoughtfully designed layout, but they may be modified to suit the buyer's needs offering the flexibility to add bedrooms, bathrooms, or reconfigure interior spaces. There is ample room for a pool, and the expansive basement level provides additional space for a gym, theater, wine cellar, office, or guest quarters. Located just minutes from Palisades Village, this parcel offers both seclusion and convenience close to top-rated schools, high-end shops, acclaimed restaurants, and scenic hiking trails. This is a rare opportunity to build a custom home in one of Los Angeles' most prestigious neighborhoods, with the hard work already done.Don't miss the chance to create a legacy property with commanding ocean views and unrivaled potential. Inquire for further details and next steps. The seller does not require the buyer to purchase the property with plans; such inclusion is offered solely at the buyer's discretion and is not a condition of the sale.
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

$74,952

TurboHome Estimated Value

$3,745,900

$1,723 sqft

High Valuation
$3,933,195
$1809/sqft
Normal Valuation
$3,745,900
$1723/sqft
Low Valuation
$3,558,605
$1637/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1723/sqft$3,745,900

Neighborhood: Pacific Palisades

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Comparative Value

$2.50M

$2.80M

$3.15M

$3.92M

$4.30M

$5.15M

729 Enchanted Way, Pacific Palisades, CA 90272

List Price: $2,495,000

Subject Property

430 Via De La Paz, Pacific Palisades, CA 90272

Sale Price: $2,800,000

Selected Comparable

719 Alma Real Dr, Pacific Palisades, CA 90272

Sale Price: $3,150,000

Selected Comparable

826 Alma Real Dr, Pacific Palisades, CA 90272

Sale Price: $3,925,000

Selected Comparable

530 Chapala Dr, Pacific Palisades, CA 90272

Sale Price: $4,300,770

Selected Comparable

630 Frontera Dr, Pacific Palisades, CA 90272

Sale Price: $5,149,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
729 Enchanted Way, Pacific Palisades, CA 90272

729 Enchanted Way, Pacific Palisades, CA 90272

List: $2,495,000

Listed: 4/7/2025

Area:2,174 sqft
Price/sqft:$1,148
Beds:3
Baths:
Year Built:
Lot Size:11,194

Comparable Properties

COMPARABLE
Choose comps
719 Alma Real Dr, Pacific Palisades, CA 90272

719 Alma Real Dr, Pacific Palisades, CA 90272

Sale: $3,150,000

7/1/20251.59 mi

Area:2,222 sqft
Price/sqft:$1,418
Beds:3
Baths:
Year Built:
Weight:21.0%
826 Alma Real Dr, Pacific Palisades, CA 90272

826 Alma Real Dr, Pacific Palisades, CA 90272

Sale: $3,925,000

3/25/20251.54 mi

Area:2,188 sqft
Price/sqft:$1,794
Beds:3
Baths:
Year Built:
Weight:20.2%
530 Chapala Dr, Pacific Palisades, CA 90272

530 Chapala Dr, Pacific Palisades, CA 90272

Sale: $4,300,770

8/8/20251.81 mi

Area:1,918 sqft
Price/sqft:$2,242
Beds:3
Baths:
Year Built:
Weight:19.8%
430 Via De La Paz, Pacific Palisades, CA 90272

430 Via De La Paz, Pacific Palisades, CA 90272

Sale: $2,800,000

8/11/20251.41 mi

Area:1,841 sqft
Price/sqft:$1,521
Beds:3
Baths:
Year Built:
Weight:19.8%
630 Frontera Dr, Pacific Palisades, CA 90272

630 Frontera Dr, Pacific Palisades, CA 90272

Sale: $5,149,000

3/26/20251.65 mi

Area:2,378 sqft
Price/sqft:$2,165
Beds:3
Baths:
Year Built:
Weight:19.2%

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