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1535 Michael Lane, Pacific Palisades, CA 90272

$1.90M3bd · 3ba · 1,857 sqft
Lot 333,393 sqft•HOA $978/mo•Condominium•
Active
•18d on market•MLS# 00-26992601

Property Description

Elevated coastal living awaits in The Highland Villas, one of the most coveted enclaves in the Palisades Highlands. Ideally positioned along the rim of the community, this beautifully reimagined three-bedroom, three-bath residence captures sweeping canyon views and offers a sophisticated blend of timeless design, modern luxury and effortless California living. Light-filled interiors are enhanced by soaring ceilings, architectural wood beams and an exceptional recent renovation executed with meticulous attention to detail. Wide-plank white oak flooring flows throughout, complemented by new windows and doors, designer finishes and a dramatic stone fireplace that anchors the gracious living room. At the heart of the home, the newly designed chef's kitchen is both elegant and highly functional, featuring an expansive center island, quartz countertops, premium Fisher & Paykel appliances, two water-filtration systems, abundant pantry storage and a thoughtfully integrated workspace. The open-concept main level flows seamlessly from room to room, creating an inviting setting for both intimate gatherings and sophisticated entertaining. Upstairs, the spacious primary suite is a serene private retreat, distinguished by vaulted ceilings, a fireplace, beautiful canyon vistas and two generous walk-in closets. The spa-inspired marble bath features dual vanities, an oversized shower and a luxurious soaking tub. Two additional well-proportioned bedrooms and a beautifully appointed hall bath complete the upper level.Additional enhancements include a Lutron lighting system, integrated security and camera systems, Ring technology, Sonos and built in-speakers. The direct-access two-car garage has been thoughtfully outfitted with custom storage cabinetry and a second built-in refrigerator, providing exceptional functionality. A private front patio with new tile and a barbecue offers an inviting setting for relaxed evenings and al fresco entertaining. The sprawling 71-residence community offers a sun-drenched swimming pool overlooking the canyon, spa and fitness center. Residents can also enjoy membership in the Palisades Drive Recreation Association, with expansive green space and designated off-leash dog hours. Set within the close-knit Palisades Highlands, this exceptional residence presents a rare opportunity to enjoy refined design, remarkable views and an elevated Southern California lifestyle.

Features & Amenities

FeeBuilt 1977

Property Details

Land Type
Fee
Year Built
1977
Property Type
Residential
Property Subtype
Condominium
Heating
Central
View
Canyon, Pool
Flooring
Tile, Wood
City
Pacific Palisades
Zip Code
90272
County
Los Angeles
Listed byCompass, Susan Stark

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$9,582.15
Principal & Interest
Loan Amount
$1,516,000
Total Interest
$1,933,574
Total Payment Over 30 Years
$3,449,574
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

1535 Michael Lane, Pacific Palisades, CA 90272

Pacific Palisades · Condominium

$1.90M
Luxury Tier
Beds
3
Baths
3
Sqft
1,857
Lot
7.65 ac
Year
1977
$/Sqft
$1020
Pool: Yes✓
Spa: Yes✓
View: Canyon, Pool✓

Listed 50.4% above the median closed sale of $1,260,000. Price per sqft ($1,020) is a 47% premium to closed comps ($694). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.90M· $1,020/sqft
Total list price
Closed comps
vs closed median $1.26M
+$635K (+50.4%)
Active comps
vs active median $1.25M
+$645K (+51.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $673
+$347 (+51.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1730 Palisades DrivePacific Palisades1978331,777363,168$732$1.30M1087
17173 Palisades CirclePacific Palisades1974231,734361,377$634$1.10M5384
1674 Palisades DrivePacific Palisades—231,9980$626$1.25M6779
17204 Palisades CirclePacific Palisades1983232,002221,621$637$1.27M1077
517 Palisades DrivePacific Palisades1987321,018289,873$736$749,0008370
Total: 5 · Average2.42.81,705.8309,009.75$673$1.13M44.6
Median1,777$1.25M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1611 Michael LanePacific Palisades197706/16/2026331,852333,393$1.45M$1.40M$7560.979090
1770 Palisades DrivePacific Palisades197806/29/2026331,998363,168$1.55M$1.47M$7330.9510285
1622 Palisades DrivePacific Palisades197406/30/2026231,734361,377$1.20M$1.07M$6200.9017083
17169 Palisades CirclePacific Palisades197406/04/2026231,734361,377$1.20M$1.26M$7271.055483
1654 Palisades DrivePacific Palisades197805/05/2026221,776363,168$1.20M$1.13M$6330.9412381
Total: 5 · Average2.42.81,818.8356,496.6$1.26M$1.26M$693.8—107.8
Median1,776$1.26M$1.26M

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.