Pacific Palisades, CA
The new owners of Pia Zadora’s longtime estate have placed the palatial Pacific Palisades home on the market for a whopping $26,000,000. According to public records, Zadora quietly sold the home to ABR Capital LLC in 2011 for slightly less than $5,000,000. Zadora was originally asking for $10,000,000 when she last put the home on the market in 2010.
It’s a massive price increase that we felt was worth some investigating. Photos of the property in 2010, indicate a large home dominated by custom wood finish and a large outdoor area, that seems relatively uninspired.
The new owners must be aiming for a super high-end ‘flip,’ as the home is now completely revamped. Today, interested buyers are greeted with a stunning, 13,585 square foot modern-looking home, ideally located with sweeping views of the Pacific Ocean. Featuring 8 bedrooms and 13 bathrooms, this home is built for comfort and for entertaining, and also features two guest houses.
The new owners and their guests will seldom have to leave this exclusive estate due to a variety of features on the property, including a grand living room, a formal dining room with room for 20, 2 offices, playroom, game room, wine tasting room, sports court and gym.
But the excitement isn’t all indoors. Glass walls disappear to seamlessly connect comfortable outdoor living and dining areas with the interior of the house. Throw in the salt water infinity pool and you start to get a sense of the considerable effort that was put into renovating the home.
Ginger Glass of Coldwell Banker holds the listing.
Update: We previously reported that Pia Zadora was the current seller of this home. After taking a closer look at property records, we discovered that she quietly sold this home in 2011 for just under $5 million. The new owners are the ones looking to mint some serious cash on this high-end ‘flip.’ We regret the error.