506 Palisades Ave, Santa Monica, CA 90402
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506 Palisades Ave Santa Monica, CA 90402

$33,000 Leased Price as of 04/22/2024
  • 8 Beds
  • 8.5 Baths
  • 7,354 Sq.Ft.
Leased
$33,000 Leased Price as of 04/22/2024 Refinance Your Mortgage

Map preview of 506 Palisades Ave, Santa Monica, CA 90402

Property Overview: 506 Palisades Ave Santa Monica, CA has 8 bedrooms, 8.5 bathrooms, 7,354 living square feet and 7,354 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 506 Palisades Ave, an elegant Tuscan retreat ideally situated a short stroll to Montana Ave's shops & dining and world class beaches. Beyond privacy hedges and lush grounds, enter the home and appreciate old-world craftsmanship & materials such as custom stone & wood work, beamed ceilings, arched doorways, and detailed built-ins, molding and trim. A double-height foyer connects to grand living spaces including a spacious living room with vaulted ceiling, formal dining room, stately home office, and comfortable family room. The chef's kitchen with island and breakfast room walk out to a peaceful garden, dining terrace with built-in BBQ, and saltwater pool & spa with waterfall. Upstairs a luxe primary suite boasts two walk-in closets, fireplace, and a spa-like bathroom. The basement level exudes sophistication and style, featuring an entertaining lounge with wet bar accentuated by wine racks, fireplace, and ceilings adorned in brick. Enjoy your favorite film in the plush theatre with recliner seating for eight. With seven bedrooms in the main residence plus a charming detached guest house, your family and visitors are afforded complete comfort and privacy. The finest lease offering available in Santa Monica. Quoted price is for 1+ year, unfurnished. Also available furnished and/or short-term at increased rates.

Listed by David Kramer | BRE #00996960 | Hilton & Hyland
Co-listed by Andrew Buss | BRE #01999869 | Hilton & Hyland
Last checked: 5 minutes ago | Last updated: April 22nd, 2024 | Source CRMLS | DOM: 94

Home details

Lot Sq. Ft
7,354
HOA Dues
$0/mo
Year built
2005
Garage
2 Car
Property Type:
Single Family Home
Status
Leased
MLS#
24349743
City
Santa Monica
County
Los Angeles
Time on Site
97 days

Property Details for 506 Palisades Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Inside
Fireplace Information
  • Has Fireplace
  • Living Room, Family Room, Primary Bedroom
Room Information
  • Guest/Maid's Quarters, Entry, Family Room, Living Room, Primary Bathroom, Office, Library, Walk-In Closet, Home Theatre
Kitchen Information
  • Has Appliances
  • Barbecue, Dishwasher, Disposal, Refrigerator
Bathroom Information
  • # of Baths (Full): 8
  • # of Baths (1/2): 1
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • Has Spa
  • Spa Features: Private, In Ground
Exterior Features
  • Has Pool
  • Pool Features: In Ground, Private
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Two Door
  • No Attached Garage
Lot Information
  • Lot Size Source: Plans
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Parcel Number: 4293013005
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Palisades Ave between 4th St and 7th St
View more facts & features

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Sale History for 506 Palisades Ave

Last leased for $33,000 on April 22nd, 2024
  • April, 2024

  • Apr 22, 2024

    Date

    Leased

    CRMLS: 24349743

    $33,000

    Price

  • Jan 19, 2024

    Date

    Active

    CRMLS: 24349743

    $35,000

    Price

  • November, 2023

  • Nov 10, 2023

    Date

    Leased

    CRMLS: 23257063

    $40,000

    Price

  • Apr 5, 2023

    Date

    Active

    CRMLS: 23257063

    $42,500

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 506 Palisades Ave, an elegant Tuscan retreat ideally situated a short stroll to Montana Ave's shops & dining and world class beaches. Beyond privacy hedges and lush grounds, enter the home and appreciate old-world craftsmanship & materials such as custom stone & wood work, beamed ceilings, arched doorways, and detailed built-ins, molding and trim. A double-height foyer connects to grand living spaces including a spacious living room with vaulted ceiling, formal dining room, stately home office, and comfortable family room. The chef's kitchen with island and breakfast room walk out to a peaceful garden, dining terrace with built-in BBQ, and saltwater pool & spa with waterfall. Upstairs a luxe primary suite boasts two walk-in closets, fireplace, and a spa-like bathroom. The basement level exudes sophistication and style, featuring an entertaining lounge with wet bar accentuated by wine racks, fireplace, and ceilings adorned in brick. Enjoy your favorite film in the plush theatre with recliner seating for eight. With seven bedrooms in the main residence plus a charming detached guest house, your family and visitors are afforded complete comfort and privacy. The finest lease offering available in Santa Monica.

  • February, 2021

  • Feb 9, 2021

    Date

    Price Change

    CRMLS: 18412606

    $85,000

    Price

  • Jun 19, 2020

    Date

    Price Change

    CRMLS: 18412606

    $75,000

    Price

  • Dec 3, 2018

    Date

    Active

    CRMLS: 18412606

    $49,000

    Price

  • Listing provided courtesy of CRMLS

    AVAILABLE JUNE 4 THRU AUG 27TH. A modern interpretation of Tuscan architecture, this home features 8 beds & 7.5 baths. Nestled between San Vicente Boulevard & the shopping/cafe district of Montana Avenue. Located on 1 of 4 double-wide residential roads containing the premier single family homes in the area, this spectacular residence offers multiple fireplaces, a media room with theater seating (including 8 electronic recliners), a bar, and a wine cave constructed in the style of European below-ground vaults. Other features include a steam room, an elliptical stationary bike, a bar, 4 televisions, an espresso machine, a steamer, dual Wolf professional ovens with multiple gas burners, a Sonos interior and exterior sound system and other amenities. This Santa Monica location is ideal for in-town adventures, as it is close to restaurants, cafes, designer clothing, furniture boutiques and the beach. The Third Street Promenade is only a 5 minute drive away, with the Santa Monica Pier at the other end.

  • September, 2018

  • Sep 26, 2018

    Date

    Canceled

    CRMLS: 18350316

    $55,000

    Price

  • Jun 1, 2018

    Date

    Active

    CRMLS: 18350316

    $55,000

    Price

  • Listing provided courtesy of CRMLS

    With a modern interpretation of Tuscan architecture, this home features 8 beds & 7.5 baths. Nestled between San Vicente Boulevard & the shopping/café district of Montana Avenue. Located on 1 of 4 double-wide residential roads containing the premier single family homes in the area, this spectacular residence offers multiple fireplaces, a media room with theater seating (including 8 electronic recliners), a bar, and a wine cave constructed in the style of European below-ground vaults. Other features include a steam room, an elliptical stationary bike, a bar, 4 televisions, an espresso machine, a steamer, dual Wolf professional ovens with multiple gas burners, a Sonos interior & exterior sound system, & other amenities. This Santa Monica location is ideal for in-town adventures, as it is close to restaurants, cafés, designer clothing and furniture boutiques. The Third Street Promenade is only a 5 minute drive away, with the Santa Monica Pier at the other end. Weekly rate available.

  • September, 2018

  • Sep 23, 2018

    Date

    Expired

    CRMLS: 18349396

    $55,000

    Price

  • May 31, 2018

    Date

    Active

    CRMLS: 18349396

    $55,000

    Price

  • Listing provided courtesy of CRMLS

    Luxurious modern Tuscan masterpiece located in the most desirable residential area of Santa Monica with stunning finishes and details throughout. This well-appointed and private oasis is the perfect summer getaway for those who want it all! This modern compound features 8 spacious bedrooms including a fabulous upstairs master suite, 7.5 bathrooms, wood-paneled office, living room with fireplace, formal dining room looking out to the lush landscaping and a family room off the kitchen that is perfect for entertaining. Other features include an interior/exterior Sonos sound system, large bonus room perfect for a playroom, European style wine room with a superb collection, built-in bar, movie theater with reclined seating for 8, outdoor BBQ, wood-burning fireplace and, stunning swimming pool with a water wall water fall. Conveniently located near the shopping and dining on Montana Avenue, and just moments to Palisades Park and the sand.

  • May, 2018

  • May 30, 2018

    Date

    Canceled

    CRMLS: 18324754

    $55,000

    Price

  • Mar 20, 2018

    Date

    Active

    CRMLS: 18324754

    $55,000

    Price

  • Listing provided courtesy of CRMLS

    With a modern interpretation of Tuscan architecture, this home features 8 beds & 7.5 baths. Nestled between San Vicente Boulevard & the shopping/café district of Montana Avenue. Located on 1 of 4 double-wide residential roads containing the premier single family homes in the area, this spectacular residence offers multiple fireplaces, a media room with theater seating (including 8 electronic recliners), a bar, and a wine cave constructed in the style of European below-ground vaults. Other features include a steam room, an elliptical stationary bike, a bar, 4 televisions, an espresso machine, a steamer, dual Wolf professional ovens with multiple gas burners, a Sonos interior & exterior sound system, & other amenities. This Santa Monica location is ideal for in-town adventures, as it is close to restaurants, cafés, designer clothing and furniture boutiques. The Third Street Promenade is only a 5 minute drive away, with the Santa Monica Pier at the other end. Weekly rate available.

  • August, 2017

  • Aug 26, 2017

    Date

    Expired

    CRMLS: 17196544

    $49,500

    Price

  • Jan 27, 2017

    Date

    Active

    CRMLS: 17196544

    $49,500

    Price

  • Listing provided courtesy of CRMLS

    SUMMER RENTAL AVAILABLE: June 7- July 6 for $49,500; July 7 - July 16- Call for pricing. The main house has 7 beds, 6.5 baths plus a 1 bed 1 bath over the garage. The home is nestled between San Vicente Boulevard and the shopping/café district of Montana Avenue, is one of four double wide residential roads containing the premier single family homes in the area. Close to restaurants, café's, designer clothing and furniture boutiques. Third Street Promenade is less than 3/4 mile, with the Santa Monica Pier at the other end. The home is a modern interpretation of Tuscan architecture. The home offers multiple fireplaces, a theater seating 8 in electronic recliners, a bar, wine cave constructed in the style of European below ground vaults, steam room, exercise elliptical, bar, TV's in 4 locations, espresso machine, steamer, dual Wolf professional ovens and multiple gas burners, Sonos interior and exterior sound and many other features. Santa Monica is the ideal location.

  • December, 2007

  • Dec 6, 2007

    Date

    Sold (Public Records)

    Public Records

    $5,900,000

    Price

  • July, 2003

  • Jul 31, 2003

    Date

    Sold (Public Records)

    Public Records

    $1,475,000

    Price

Show More

Tax History for 506 Palisades Ave

Assessed Value (2020): $7,437,678
Year Land Value Improved Value Assessed Value
2020 $4,203,665 $3,234,013 $7,437,678

Home Value Compared to the Market

This property vs the competition

506 Palisades Ave has recently been leased in the city of Santa Monica. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Santa Monica has a median list price of $2,095,000. The median price per/sqft for Santa Monica is $1,206. With those numbers in mind, if you are looking to purchase a median priced home in Santa Monica, CA and put 20% down you will need to save up $419,000 for the down payment and will need roughly $41,900 for closing costs on top of the down payment.

About 506 Palisades Ave

Detailed summary of property

506 Palisades Ave is a single family home that was recently leased in Santa Monica, CA 90402. This house offered 8 bedrooms, 8.5 bathrooms, roughly 7,354 living square feet, and sits on an approximately 7,354 square foot lot. 506 Palisades Ave was first listed on ArdentRealEstateGroup.com on January 20, 2024. The homeowner leased the property for $33,000. While the average home in Santa Monica, CA is selling in 124 days, 506 Palisades Ave has a days on market of 94 days. There are currently 236 homes for sale in the Santa Monica real estate market and 91 of them are single family homes while 105 of them are condos and 40 are townhomes. Local homes that are currently for sale include 1374 Monument St, 154 S Anita Ave and 814 S Amherst Ave #301. For more information on this home for lease at 506 Palisades Ave Santa Monica, CA 90402 contact Ardent Real Estate Group and we will put you in touch with one of our Santa Monica agents.

Public Facts for 506 Palisades Ave

Public county record property details
Beds
7
Baths
7
Year built
2005
Sq. Ft.
6,606
Lot Size
8,572
Stories
--
Type
Single Family Residential
Pool
Yes
Spa
No
County
Los Angeles
Lot#
60
APN
4293-013-005

The source for these homes facts are from public records.

90402 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,095,000
Median List Price/Sq.Ft.
$1,480
Median Sold Price
$3,266,000
Median Sold Price/Sq.Ft.
$1,181
Total Inventory
67
Median Sale to List Price %
93.34%
Avg Days on Market
50
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Related Resources to 506 Palisades Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.