Guy Grimberg, an experienced developer, has launched his newly completed property at 766 Paseo Miramar in the Pacific Palisades with a staggering $54 million asking price. The home, which boasts breathtaking views of the San Gabriel Mountains and nearby ocean, spans 18,000 square feet with luxury features including custom Milan finishes and a wellness center. Grimberg acquired the land for $4.6 million in 2022 and completed construction right before a devastating fire, which delayed the installation of key interior elements. He suggests the value could be even higher without the event's impact.
Grimberg estimated the asking price could very well be an additional $10 million or more if the fires hadn't occurred.
When we finished the property and sat there on the first level, you see the panoramic views and we said, How do you give it a price?
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