1058 Vista Grande Dr, Pacific Palisades, CA, 90272

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $1K per day and long-term for an average of $21,500 per month, based on similar listings in the area. Estimated short-term cap rate of -5.0%. Estimated long-term cap rate of -4.8%. Rare Opportunity to Acquire This Panoramic Ocean, Catalina Island, and City View Estate on One of Only Three Promontory Cul-De-Sacs in the Highly Coveted Marquez Knolls Neighborhood of Pacific Palisades. This custom-built home, designed with high ceilings, is flooded with natural light throughout. The open floor plan features a spacious great room with a large fireplace and an elegant dining area, all opening to expansive outdoor spaces offering views from Downtown Los Angeles to the Santa Monica Pier, Catalina Island, and the Santa Monica Mountains. Designed for indoor/outdoor living, the property boasts multiple outdoor areas, including a charming outdoor dining area with a fireplace, a large entertainment patio with a sparkling pool and spa, and a magical covered lounging area that extends to the breathtaking views. The home includes four spacious, light-filled bedrooms, an office, five bathrooms, and a wine cellar. The large kitchen features a center island, granite countertops, a spacious built-in breakfast sitting area, high-end appliances, and a service entrance. The exterior of this exceptional property includes a grand staircase leading down to a second pad with significant potential. This 2nd pad provides access to hillside trails on the property, allowing for enjoyable walks through the beautiful landscaping with unobstructed views.