1588 Chastain Pkwy Pacific Palisades, CA 90272

Best value in the Highlands. Incredible opportunity to build your dream home on a prime corner lot in the highly desirable Highlands neighborhood of Pacific Palisades. Priced at just $161 per foot, this property offers exceptional value in a premier Westside location. Located within the Summit community which was largely untouched, residents enjoy access to exclusive amenities at the Summit Club, including tennis and pickleball courts, a fitness center, large heated swimming pool, spa, playground, basketball court, and a dedicated dog park. This serene neighborhood also benefits from a 24-hour security patrol. The lot previously housed a 3,622-square-foot residence, which may allow for an expedited rebuilding process of up to 3,984 sq ft. Both Phase 1 and Phase 2 debris removal have been completed, streamlining the path to redevelopment. Set on a quiet street, this lot is just minutes from Palisades Village, acclaimed public and private schools, beach access, and some of the area's best hiking trails. Whether you are envisioning a personal retreat or an investment, this property offers the perfect opportunity in one of LA's most desirable coastal communities.