Pacific Palisades|Neighbor News|
Luxury Home Values Rise in Pacific Palisades, L.A. Area
In L.A., values rose 4.4 percent in the quarter that ended Dec. 31, 2012, putting the average luxury home's price tag at $2.06 million, according to a survey.

In L.A., values rose 4.4 percent in the quarter that ended Dec. 31, 2012, putting the average luxury home's price tag at $2.06 million, according to a survey.

The couple put the property they purchased two years ago on the market at $6.5 million.

Home built in 1925 is 3,395 square feet and has a two-story living room with a fire place.
Take a look at the photo gallery of the Miami Heat basketball player's 10,000-square-foot Palisades home.
Pacific Palisades Patch features one of the most expensive homes in the 90272.
Pacific Palisades Patch features one of the most expensive homes in the 90272.
The home, perched on top of a hill overlooking the Pacific Ocean and the entire city of Los Angeles, is selling for $4.99 million.
The Barbados native cashed in on the pad after selling her leaky home in Beverly Hills for reportedly $5 million.
Noting its Hollywood appeal, observers of the Pacific Palisades real estate market reportedly saw multiple $1 million single-family real estate listings, a feat rarely seen in Los Angeles.