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729 Enchanted Way, Pacific Palisades, CA 90272

List Price: $2,895,000On 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. There is space for a pool, along with the basement level offering 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 great 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

$68,952

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

$2.90M

$3.15M

$3.92M

$5.15M

729 Enchanted Way, Pacific Palisades, CA 90272

List Price: $2,895,000

Subject Property

1216 Lachman Ln, Pacific Palisades, CA 90272

Sale Price: $2,900,000

Selected Comparable

719 Alma Real Dr, Pacific Palisades, CA 90272

Sale Price: $3,150,000

Selected Comparable

863 Toyopa Dr, Pacific Palisades, CA 90272

Sale Price: $3,250,000

Selected Comparable

826 Alma Real Dr, Pacific Palisades, CA 90272

Sale Price: $3,925,000

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: $2,895,000

Listed: 4/7/2025

Area:2,174 sqft
Price/sqft:$1,332
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:22.2%
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:21.1%
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:19.8%
863 Toyopa Dr, Pacific Palisades, CA 90272

863 Toyopa Dr, Pacific Palisades, CA 90272

Sale: $3,250,000

6/3/20251.55 mi

Area:1,721 sqft
Price/sqft:$1,888
Beds:3
Baths:
Year Built:
Weight:18.8%
1216 Lachman Ln, Pacific Palisades, CA 90272

1216 Lachman Ln, Pacific Palisades, CA 90272

Sale: $2,900,000

6/11/20250.63 mi

Area:3,085 sqft
Price/sqft:$940
Beds:3
Baths:
Year Built:
Weight:18.1%

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