"Pacific Palisades Sets New Record with $26M Residential Trade"
"A $25.8 million off-market sale at $2,437 per square foot breaks Pacific Palisades' residential market record."
A new record has been set in the residential market of Pacific Palisades, with a $25.8 million sale at 1124 Napoli Drive. The deal was recorded in the Multiple Listing Service (MLS) for market comparison purposes. According to records obtained through PropertyShark, the seller was a trust associated with Christopher Damico. The buyer was represented by Lea Porter of Beverly Hills Estates and Zac Mostame of Carolwood Estates.
The off-market sale marks a new high-water mark for Pacific Palisades, surpassing the previous record set just last week. The sale equates to a whopping $2,437 per square foot, demonstrating the strength and demand of the neighborhood's residential market.
The transaction was completed by both the buyer and seller's representation, who are well-known in the industry. However, the buyer's identity remains a mystery as it was not disclosed.
Originally reported by The Real Deal.
https://therealdeal.com/la/2025/09/05/pacific-palisades-gets-new-record-with-26m-trade/