Home for Sale at 1550 Casale Rd, Pacific Palisades, CA 90272

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1550 Casale Rd
Pacific Palisades, CA 90272

David Solomon with Douglas Elliman of California, Inc., original listing - (424) 203-1800

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Property Details

List Price:	$12,995,000
Beds:	5
Baths:	Full: 7
Status:	Active
SqFt:	6207 Square Feet
Agency:	Douglas Elliman of California, Inc.
Agency Phone:	(424) 203-1800

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	2018
Notes:	Nestled in the serene hillside of the highly coveted Upper Riviera, this private resort-style home boasts a minimalist design with sweeping ocean and mountain views. Completely turn-key ready, this 5 bed, 7 bath home can be purchased furnished. Encompassing 6,257 sf of living space, this exceptional home offers the luxury and comfort of a high-end hotel, with an abundance of natural light and views of the ocean seen from nearly every room. A formal entry includes a commercial-grade elevator that connects to all four levels of the residence. The expansive main living level features soaring ceilings, concrete floors, steel detailing, and oversized glass pocket doors that seamlessly blend indoor and outdoor living spaces. An open floor plan includes the living room with custom fireplace, separate family room, dining area, and chef's kitchen with large center island, top-of-the-line Wolf appliances and wine fridge. The second and third levels offer 5 generously sized ensuite bedrooms, including the Primary Retreat showcasing a gym, showroom-style closet, spa-like bathroom, ocean views, and an office with its own private balcony overlooking the lush backyard. Mature hedges and landscaping set the backdrop for the grassy backyard complete with sparkling blue pool/spa, covered patio, and vegetable/fruit garden. Additional highlights include 3 laundry areas and parking for 6+ cars. Located next to some of the best hiking and biking trails in LA with convenient access to all the best the Westside has to offer.
MlsNumber:	--
ListingId:	25496511

Listing Provided By:	Douglas Elliman of California, Inc., original listing
Phone:	(424) 203-1800
Office Phone:	(424) 203-1800
Agent Name:	David Solomon
Disclaimer:	Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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