A truly rare opportunity in the heart of the highly coveted Alphabet Streets, this exceptional oversized lot-and-a-half offers a scale and presence seldom available in Pacific Palisades. Ideally situated near the center of town and just moments from the highly anticipated reopening of Palisades Village in August 2026, the property represents a unique chance to create a legacy estate in one of the community’s most desirable locations. Existing improvements include a pool and hot tub structure, while approved RTI plans and permits are already in place for a proposed approximately 4,500-square-foot residence, creating a streamlined path toward construction. The previous residence, with plans similar to the currently approved design, delivered an extraordinary lifestyle experience featuring a separate steam room, separate sauna, mini golf area, basketball court, fire pit, 160-inch retractable movie theater screen, and an expansive media/game room. The seller had also explored the viable possibility of adding approximately 2,000 square feet of subterranean living space, offering the potential for an even more significant compound-style property. Oversized parcels of this caliber in the Alphabet Streets are exceptionally scarce, particularly this close to the heart of the Palisades’ emerging new chapter.