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Unobstructed 180-Degree Ocean Views! Perched above the canyon on a rare and expansive 37,240 sq ft (0.85-acre) parcel, 1026 Enchanted Way in the Marquez Knolls neighborhood presents a compelling opportunity to build a world-class residence in the heart of Pacific Palisades. This exceptional flag lot offers unparalleled privacy, seclusion, and security--ideal for a gated ultra-luxury compound--while showcasing unobstructed, head-on ocean views that stretch endlessly across the horizon without the potential for future development to impede them. The offering includes conceptual Architectural Plans from John Andrews Group Architects Inc for an impressive 12,311 sq ft architectural residence featuring 6 bedrooms, 11 bathrooms, and grand-scale living spaces designed to capture breathtaking 180-degree ocean views from every level. Also included in the sale are a Slope Analysis, an Architectural Survey, and the final Debris Removal Permit. With an approximately 20,000 sq ft pad site and ideal layout for a gated approach, this property provides a valuable foundation for developers or end-users seeking to create a legacy estate. Many homes surrounding the property survived the wildfire event, thereby expediting the return to normalcy in the immediate neighborhood and reducing the likelihood of construction noise over an extended period. Supremely located in one of the Westside's most idyllic coastal communities, just under 10 minutes' drive from Palisades Village, premier dining, shopping, and the beach. A rare offering where privacy, scale, and irreplaceable ocean views converge, poised to become one of Pacific Palisades' most extraordinary custom homes.
Listing agent: David Berg DRE #01481236 team@smithandberg.com, Listing office: Compass
MLS data updated 10/24/2026, 5:23:05 PM PT
Source: CRMLS, MLS #: 26985521
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 9, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$4,998,000Original asking price · Sep 9, 2026ZIP 90272 · Sep 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.