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1071 Tellem Drive, Pacific Palisades, CA 90272

$4.64M5bd · 4ba · 3,068 sqft
Lot 14,486 sqft•Single Family Residence•
Active
•119d on market•MLS# 00-26846927

Property Description

Welcome to 1071 Tellem Drive, a captivating blend of timeless architecture and modern enhancements, nestled in the sought-after neighborhood of Marquez Knolls in Pacific Palisades. Offered for just the second time in 48 years, this spacious residence offers 5 bedrooms, 4 bathrooms, and sits on a generous one-third acre lot that is almost entirely flat and usable, providing an exceptional level of privacy and versatility.Experience the essence of California living within this home. Its design features soaring wood vaulted ceilings, expansive windows, and sliding glass doors that invite an abundance of natural light into every room. Enjoy the seamless indoor-outdoor experience as nearly every space opens to a private patio, balcony, or outdoor area surrounded by mature trees and glen vistas.The main living areas flow effortlessly to the backyard, a haven for relaxation and entertainment, complete with a sparkling 35-foot pool, elevated spa, outdoor shower, built-in grill, and multiple spaces for gatherings.The floor plan includes three bedrooms upstairs, one of which is a serene primary suite offering ocean and Queen's Necklace views. An additional en suite bedroom on the main level provides flexibility for various uses. The property also boasts a permitted ADU with its own private entrance, kitchen, and bathroom, offering approximately 450 square feet of additional space, ideal for extended family, visitors, a private workspace, or potential income opportunities. Buyer to verify permits and square footage.The home's quality craftsmanship shines through in its solid white oak flooring, custom black walnut built-ins, two cozy fireplaces with Heath Tile hearths, and a well-appointed kitchen featuring Sub Zero, Wolf, and Gaggenau appliances. The primary bathroom is a luxury retreat with heated floors and premium fixtures.Extensively renovated in 2017 and 2018, the property has received significant investment and care over the years, including hillside stabilization measures, drainage improvements, foundation bolting, extensive fire hardening enhancements completed in 2021, and professional remediation following the Palisades fires, reflecting the owners' commitment to quality, resilience, and thoughtful stewardship.1071 Tellem Drive is a rare offering that embodies the best of coastal California living, blending Mid Century character, modern comfort, and exceptional flexibility in one of Pacific Palisades' most desirable neighborhoods.

Features & Amenities

FeeBuilt 1961

Property Details

Land Type
Fee
Year Built
1961
Property Type
Residential
Property Subtype
Single Family Residence
Heating
Central, Fireplace(s)
Cooling
Central Air, See Remarks
View
Coastline, Ocean
Flooring
Carpet, Wood
City
Pacific Palisades
Zip Code
90272
County
Los Angeles
Listed byDouglas Elliman, Gianni Cantu

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$23,487.65
Principal & Interest
Loan Amount
$3,716,000
Total Interest
$4,739,553
Total Payment Over 30 Years
$8,455,553
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

1071 Tellem Drive, Pacific Palisades, CA 90272

Pacific Palisades · Single Family Residence

$4.64M
Luxury Tier
Beds
5
Baths
4
Sqft
3,068
Lot
14,486 sqft
Year
1961
$/Sqft
$1514
Pool: Yes✓
Spa: Yes✓
View: Coastline, Ocean✓

Listed 5.6% below the median closed sale of $4,920,000. Closed comps sold at 94% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $4.64M· $1,514/sqft
Total list price
Closed comps
vs closed median $4.92M
−$275K (−5.6%)
Active comps
vs active median $2.90M
+$1.75M (+60.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,007
+$507 (+50.3%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
16647 Charmel LanePacific Palisades1964443,35710,410$983$3.30M42983
321 Las Casas AvenuePacific Palisades1942442,6399,102$1,021$2.69M10368
16632 Calle JermainePacific Palisades1995432,78110,995$1,041$2.90M40167
1736 Michael LanePacific Palisades1977443,5955,408$723$2.60M4361
707 Wildomar StreetPacific Palisades2026553,5465,484$1,268$4.50M360
Total: 5 · Average4.24.03,183.68,279.8$1,007.2$3.20M195.8
Median3,357$2.90M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1227 Tellem DrivePacific Palisades196308/14/2026443,50310,987$5.95M$5.39M$1,5400.919185
17866 Tramonto DrivePacific Palisades195610/02/2026442,9684,922$2.90M$2.70M$9100.933577
16705 Charmel LanePacific Palisades196606/26/2026453,50014,799$6.95M$6.50M$1,8570.945577
18073 Sandy Cape DrivePacific Palisades196508/28/2026432,91020,389$3.00M$2.73M$9400.917070
432 Ocampo DrivePacific Palisades195106/18/2026432,6339,570$4.80M$4.92M$1,8691.022968
Total: 5 · Average4.03.83,102.812,133.4$4.45M$4.45M$1,423.2—56
Median2,968$4.92M$4.92M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.