A rare opportunity to reimagine a once-iconic estate in the heart of the Pacific Palisades. Formerly home to a nearly 12,000 square foot custom-built contemporary farmhouse, this expansive, nearly one-acre lot offers an extraordinary chance to build your dream residence with panoramic sunrise-to-sunset ocean views. Set atop a private gated driveway just minutes from the Palisades Village, the property is perched above the coastline and surrounded by a serene microarea that remains largely intact offering both privacy and a sense of community. The previous home featured 7 bedrooms, 12 bathrooms, and a host of luxury amenities including a wellness retreat, theater, wine cellar, and expansive outdoor entertainment areas. Now, this blank canvas invites a new vision. Included in the sale are architectural plans the owner is prepared to transfer to the buyer, paving the way for a future build that honors the scale, elegance, and original intention of the residence. Whether you're looking to restore the estate's former glory or create a brand-new architectural masterpiece, the groundwork has been thoughtfully laid. This is a rare and compelling offering in one of LA's most coveted neighborhoodsa once-in-a-lifetime chance to create value, legacy, and an unrivaled lifestyle. The property appraised for $23,000,000 in 2022, presenting a remarkable opportunity to build with equity already in place. Debris removal is currently being completed privately.
Lot/land
$7,495,000
15975 Alcima Ave, Pacific Palisades, CA 90272
--beds
--baths
0.76Acres
Unimproved Land
Built in ----
0.76 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Panoramic sunrise-to-sunset ocean viewsPrivate gated driveway
- 150 days
- on Zillow |
- 451 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: July 22, 2025 at 12:16am
Listed by:
Jacqueline Chernov DRE # 01361435 310-403-7557,
The Beverly Hills Estates 310-626-4248
Source: CLAW,MLS#: 25514961

Travel times
Facts & features
Property
Features
- Has view: Yes
- View description: Catalina, Coastline, Ocean, Panoramic, Orchard
- Has water view: Yes
- Water view: Catalina,Coastline,Ocean
Lot
- Size: 0.76 Acres
- Dimensions: 110 x 290
Details
- Parcel number: 4420005001
- Zoning: LARE15
- Special conditions: Standard
Utilities & green energy
- Gas: In Street
- Sewer: In Street
- Water: Public
Community & HOA
Location
- Region: Pacific Palisades
Financial & listing details
- Tax assessed value: $14,869,900
- Annual tax amount: $178,917
- Date on market: 3/21/2025
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