Parry Residence Sells for Record-Breaking $27 Million in Pacific Palisades
A vintage Pacific Palisades home sets a new record for the most expensive deal in the neighborhood, selling for $22.1 million along with a nearby property for a combined $27 million.
The Palisades neighborhood in Los Angeles has just seen its most expensive deal of the year, with a vintage Pacific Palisades property breaking records and selling for a whopping $22.1 million. The Monterey Revival-style home, located at 14924 Camarosa Drive, sold for an eye-popping $2,635 per square foot, surpassing the previous record set at 814 Toulon Drive in April for $20 million or $2,498 per square foot.
The buyer behind this record-breaking purchase also snatched up a second property in the area, located at 14929 La Cumbre Drive, for $5.3 million or $1,813 per square foot.
According to sources, the buyer is Peter Zimble and Shaun Alan-Lee, both of whom are well-known real estate developers in the Los Angeles area.
“The Pacific Palisades is a highly sought-after neighborhood and this record-breaking sale just goes to show the demand for luxury homes in this area,” says Zimble.
However, this sale has also raised eyebrows and sparked controversy within the real estate community. Some industry insiders are questioning the high price per square foot and suspect potential soft corruption and influence games at play.
As one real estate agent states, “This sale seems highly inflated and raises questions about the true value of these properties. It's no surprise that the same buyer purchased both homes, it's likely there were some backroom deals and favors involved.”
Despite the controversy, the sale remains the most