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Welcome to a rare opportunity in the heart of Pacific Palisades, at the enviable address of 516 El Medio Avenue. This exclusive property, once a custom modern masterpiece, is poised for a transformative new chapter. While the home experienced damage during the recent wildfires, the lot now offers a unique potential for those with vision. Spanning a generous 8,000+ square feet, this vacant lot is primed for the construction of a dream residence. The original structure featured 5 bedrooms and 4.75 bathrooms, spread over a spacious 3,690 square feet. The location remains unmatched, offering a canvas for creativity and luxury. Imagine crafting a home that captures the breathtaking ocean views from the second story, complemented by the soothing Pacific breezes. Nestled near the end of the esteemed El Medio bluffs, this site provides the perfect backdrop for a tranquil yet sophisticated lifestyle allowing for a seamless transition to rebuilding. The location, paired with the vast potential for creating a bespoke living space, makes this offering an extraordinary opportunity in one of the most desirable neighborhoods along the coast. Whether envisioning a serene private yard with a pool, ample outdoor space for entertaining, or modern amenities tailored to your taste, this location invites you to realize a home that harmonizes elegance with the natural beauty of the Palisades. This is more than a plot of land; it's the foundation for a future filled with endless possibilities.
Listing agent: Adam Jaret DRE #01786090 adam.jaret@compass.com, Listing office: Compass
MLS data updated 11/3/2026, 5:59:56 PM PT
Source: CRMLS, MLS #: 25606009
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 31, 2025
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
$2,475,000Closed sale · Oct 31, 2025ZIP 90272 · Oct 2025
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.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.