515 N Palm Drive, Beverly Hills, California 90210, Beverly Hills, 90210 - 5 bed, 7 bath
ACTIVE$10,700,000
515 N Palm Drive, Beverly Hills, California 90210
5Beds
7Baths
4,509Sqft
12,794Lot
Price Vs. Estimate
The estimated value ($8,508,946.82) is $2,191,053.18 (20%) lower than the list price ($10,700,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Top Cons:
Significant Overpricing: The current list price of $10.7 million is approximately 20% higher than the estimated market value of $8.5 million, suggesting potential overvaluation and a need for price adjustment to align with market expectations.
Compared to the nearby listings
Price:$10.70M vs avg $5.25M (+$5,450,000)71%
Size:4,509 sqft vs avg 3,967 sqft57%
Price/sqft:$2.4K vs avg $1.2K87%
More Insights
Built in 1927 (98 years old).
Condition: The property, built in 1927, is move-in ready and showcases significant, high-quality updates in key areas. The kitchen features modern white shaker cabinets, stainless steel appliances, and a large island, indicating a recent and stylish renovation. Bathrooms also display contemporary fixtures, vanities, and tiling, appearing well-maintained and updated. While the home retains its classic Spanish/Mediterranean charm, these visible renovations suggest extensive updates within the last 5-15 years. The overall condition is very good, with no immediate renovation required. However, given the original build year and without explicit confirmation of a full, comprehensive system overhaul (e.g., plumbing, electrical, HVAC) throughout the entire structure within the last 5 years, it does not meet the 'Excellent' criteria of being 'virtually new' in all components.
Year Built
1927
Close
-
List price
$10.7M
Original List price
$10.7M
Price/Sqft
$2,373
HOA
-
Days on market
-
Sold On
-
MLS number
24462395
Home ConditionGood
Features
Good View: City Lights
Pool
Spa
Patio
ViewCity Lights
About this home
Prime Beverly Hills Flats: Classic Spanish/Mediterranean home, Prime location with proximity of the golden triangle landmarks, world class Rodeo drive shopping, restaurants, Beverly Hills city hall, landmarks, renowned financial institutions, among one of the best school district & much more. This charming home features 5 en-suite bedrooms (including maids) and 6.5 bathrooms. Updated kitchen with newer appliances, formal living room, dining room, den/office, 2 fire places. Primary bedroom suite over looking lush garden and lap pool. Spacious back yard is very private with Lap pool, spa, water fountain, rich color tiles, lush trees, an additional enclosed bonus room for gym or office. Tranquility SoCal Luxury living & yet mins to urban city lift style
Nearby schools
9/10
West Hollywood Elementary School
Public,•K-5•0.9mi
4/10
Rosewood Avenue Elementary School, School for Advanced Studies
Public,•K-6•1.3mi
7/10
Canfield Avenue Elementary School
Public,•K-5•2.0mi
5/10
Carthay Center Elementary
Public,•K-5•2.1mi
9/10
Warner Avenue Elementary School
Public,•K-5•2.2mi
9/10
Fairburn Avenue Elementary School
Public,•K-5•2.3mi
9/10
Wonderland Avenue Elementary School
Public,•K-5•2.7mi
8/10
Hawthorne Elementary School
Public,•K-8•0.4mi
8/10
Beverly Vista Elementary School
Public,•K-8•0.9mi
8/10
El Rodeo Elementary School
Public,•K-8•1.3mi
8/10
Horace Mann Elementary School
Public,•K-8•1.3mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•3.5mi
7/10
John Burroughs Middle School
Public,•6-8•3.6mi
7/10
Palms Middle School
Public,•6-8•3.9mi
3/10
Daniel Webster Middle School
Public,•6-8•4.0mi
9/10
Beverly Hills High School
Public,•9-12•1.4mi
7/10
Fairfax Senior High School
Public,•9-12•2.1mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•3.1mi
6/10
University Senior High School Charter
Public,•9-12•4.3mi
6/10
University Senior High School
Public,•9-12•4.3mi
Condition Rating
Good
The property, built in 1927, is move-in ready and showcases significant, high-quality updates in key areas. The kitchen features modern white shaker cabinets, stainless steel appliances, and a large island, indicating a recent and stylish renovation. Bathrooms also display contemporary fixtures, vanities, and tiling, appearing well-maintained and updated. While the home retains its classic Spanish/Mediterranean charm, these visible renovations suggest extensive updates within the last 5-15 years. The overall condition is very good, with no immediate renovation required. However, given the original build year and without explicit confirmation of a full, comprehensive system overhaul (e.g., plumbing, electrical, HVAC) throughout the entire structure within the last 5 years, it does not meet the 'Excellent' criteria of being 'virtually new' in all components.
Pros & Cons
Pros
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Premier Beverly Hills Flats Location: The property boasts an unparalleled location in the highly sought-after Beverly Hills Flats, offering immediate access to world-class Rodeo Drive shopping, fine dining, and city landmarks.
Classic Spanish/Mediterranean Architecture: The home features a timeless and desirable Classic Spanish/Mediterranean architectural style, contributing to its charm and aesthetic appeal.
Extensive Outdoor Oasis: A spacious and private backyard offers luxurious amenities including a lap pool, spa, water fountain, lush trees, and an enclosed bonus room suitable for a gym or office.
Generous & Functional Layout: The interior provides ample living space with 5 en-suite bedrooms, 6.5 bathrooms, an updated kitchen with newer appliances, formal living and dining rooms, a den/office, and two fireplaces.
Top-Tier School District: Located within one of the best school districts, this property is highly attractive to families prioritizing quality education.
Cons
Significant Overpricing: The current list price of $10.7 million is approximately 20% higher than the estimated market value of $8.5 million, suggesting potential overvaluation and a need for price adjustment to align with market expectations.
Age-Related System Concerns: Built in 1927, the property, despite some updates, may have original or partially updated core systems (e.g., plumbing, electrical, HVAC) that could require substantial investment for modernization to meet contemporary luxury standards.
Limited Comprehensive Modernization Details: While the kitchen is updated, the description lacks specific information regarding comprehensive modernizations throughout the entire home, particularly in other bathrooms or smart home technology, which buyers in this luxury segment often expect.