Skip main navigation
For sale
  • Listed by: Coldwell Banker Realty
    $3,775,000

    507 W Rustic Rd, Santa Monica, CA 90402

    3beds
    2,176sqft
    : Get pre-qualified
    Single Family Residence
    Built in 1973
    0.32 Acres Lot
    $3,869,700 Zestimate®
    $1,735/sqft
    $-- HOA

    What's special

    Traditional two-story residenceQuiet tree-lined streetTerraced gardensSoaring entry ceilingsDual fireplacesOriginal wood floorsCantilevered outdoor living decks
    Opportunities like this simply don't come along in Santa Monica Canyon. Tucked along Rustic Canyon Creek on a quiet, tree-lined street, this traditional two-story residence sits on an expansive 13,748-square-foot sloped canyon lot in one of the most coveted and rarely available pockets of 90402. Properties at this scale, on this street, in this neighborhood do not reach the open market often and when they do, they don't last. The home is being sold in as-is condition and needs work which is precisely the opportunity. The 3-bedroom, 2.5-bath layout offers solid bones: soaring entry ceilings, original wood floors, dual fireplaces, a primary suite with private balcony, French doors opening to the backyard, and an oversized two-car garage with direct access. What it needs is a buyer with vision. The sloped lot is the canvas. Terraced gardens, a hillside pool, cantilevered outdoor living decks, a fully reimagined luxury estate, the topography here invites the kind of architectural drama that flat lots simply can't deliver. Bring your architect, your designer, and your imagination. Minutes from Canyon Charter Elementary, from the beach, Santa Monica Stairs, premier dining, and the 3rd Street Promenade. Surrounded by nature, connected to everything. This is your chance to secure an irreplaceable address in the heart of "The Canyon" and build it entirely on your terms.
    8 days
    |
    388
    |
    7
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Rene Hernandez DRE #02041837 619-339-4365,

    Coldwell Banker Realty

    Source: CRMLS,MLS#: PTP2603811MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      • Main level bathrooms: 2
      • Main level bedrooms: 3
      Rooms
      • Room types: Bedroom, Living Room, Primary Bathroom, Primary Bedroom, Other
      Primary bedroom
      • Features: Primary Suite
      Bedroom
      • Features: All Bedrooms Up
      Other
      • Features: Walk-In Closet(s)
      Cooling
      • None
      Appliances
      • Laundry: In Garage
      Features
      • All Bedrooms Up, Primary Suite, Walk-In Closet(s)
      • Has fireplace: Yes
      • Fireplace features: Living Room, Primary Bedroom
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 2,176 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage - Attached
      • Attached garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: Front & Garage
      • Pool features: None
      • Has view: Yes
      • View description: Creek/Stream, Trees/Woods
      • Has water view: Yes
      • Water view: Creek/Stream
      Lot
      • Size: 0.32 Acres
      • Features: Trees
      Details
      • Parcel number: 4410015029
      • Zoning: LAR1
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • Year built: 1973

      Utilities & green energy

      • Sewer: Public Sewer

      Community & HOA

      Community
      • Features: Fishing, Hiking, Park
      Location
      • Region: Santa Monica

      Financial & listing details

      • Price per square foot: $1,735/sqft
      • Tax assessed value: $2,193,506
      • Annual tax amount: $26,192
      • Date on market: 5/18/2026
      • Cumulative days on market: 8 days
      • Listing terms: Cash,Conventional,1031 Exchange
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        $3,869,700

        $3.68M - $4.06M

        $6,032/mo

        Price history

        DateEventPrice
        5/18/2026Listed for sale$3,775,000+7.9%$1,735/sqft
        Source: CRMLS #PTP2603811 Report a problem
        9/12/2025Listing removed--
        Source: Owner Report a problem
        6/14/2025Listed for sale$3,500,000-17.6%$1,608/sqft
        Source: Owner Report a problem
        2/7/2025Listing removed--
        Source: Owner Report a problem
        1/20/2025Listed for sale$4,250,000+3.4%$1,953/sqft
        Source: Owner Report a problem
        12/13/2024Listing removed--
        Source: Owner Report a problem
        9/14/2024Listed for sale$4,110,000+100.5%$1,889/sqft
        Source: Owner Report a problem
        4/12/2017Sold$2,050,000-2.3%$942/sqft
        Source: CLAW #16974145 Report a problem
        2/7/2017Pending sale$2,099,000-4.4%$965/sqft
        Source: John Aaroe Group #16974145 Report a problem
        5/10/2016Listed for sale$2,195,000$1,009/sqft
        Source: John Aaroe Group #16974145 Report a problem
        4/27/2016Pending sale$2,195,000$1,009/sqft
        Source: John Aaroe Group #16974145 Report a problem
        3/18/2016Price change$2,195,000-8.4%$1,009/sqft
        Source: John Aaroe Group #16974145 Report a problem
        2/4/2016Price change$2,395,000-4%$1,101/sqft
        Source: John Aaroe Group #16974145 Report a problem
        1/22/2016Listed for sale$2,495,000+4.2%$1,147/sqft
        Source: John Aaroe Group #16974145 Report a problem
        7/2/2015Listing removed$2,395,000$1,101/sqft
        Source: RE/MAX ESTATE PROPERTIES #15880137 Report a problem
        5/22/2015Listed for sale$2,395,000$1,101/sqft
        Source: RE/MAX ESTATE PROPERTIES #15-880137 Report a problem
        4/20/2015Listing removed$2,395,000$1,101/sqft
        Source: RE/MAX ESTATE PROPERTIES #15880137 Report a problem
        3/21/2015Pending sale$2,395,000$1,101/sqft
        Source: RE/MAX ESTATE PROPERTIES #15-880137 Report a problem
        2/18/2015Listed for sale$2,395,000+27.1%$1,101/sqft
        Source: RE/MAX ESTATE PROPERTIES #15-880137 Report a problem
        2/18/2015Listing removed$9,500$4/sqft
        Source: RE/MAX ESTATE PROPERTIES #14798001 Report a problem
        2/5/2015Price change$9,500-9.5%$4/sqft
        Source: RE/MAX California & Hawaii #14798001 Report a problem
        1/10/2015Listed for rent$10,500-4.5%$5/sqft
        Source: RE/MAX California & Hawaii #14798001 Report a problem
        11/14/2014Listing removed$11,000$5/sqft
        Source: RE/MAX ESTATE PROPERTIES #14798001 Report a problem
        10/1/2014Listed for rent$11,000$5/sqft
        Source: RE/MAX ESTATE PROPERTIES #14-798001 Report a problem
        12/8/2012Listing removed$1,885,000$866/sqft
        Source: deasy/penner&partners #12638907 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$26,192 -7.2%$2,193,506 -6%
        2024$28,231 +2%$2,332,548 +2%
        2023$27,679 +4.9%$2,286,812 +2%
        2022$26,383 +1.2%$2,241,973 -8.1%
        2021$26,063 -1%$2,439,351 +12.1%
        2020$26,336 $2,175,476 +2%
        2019$26,336 +4.5%$2,132,820 +2%
        2018$25,201 $2,091,000 +38.3%
        2017$25,201 +37.6%$1,512,184 +2%
        2016$18,316 +2.3%$1,482,534 +1.5%
        2015$17,912 +1.2%$1,460,266 +2%
        2014$17,707 $1,431,663 +2.5%
        2012-- $1,397,249 +2%
        2011-- $1,369,853 +0.8%
        2010-- $1,359,616 -0.2%
        2009-- $1,362,847 +2%
        2008-- $1,336,125 -44.3%
        2007-- $2,400,000 +86.9%
        2006-- $1,284,244
        2005-- $1,284,244 +4%
        2004-- $1,234,378 +1.9%
        2003-- $1,211,755 +2%
        2002-- $1,187,996 +18.8%
        2000-- $1,000,000

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
          See how much you could borrow to make a competitive offer.

          Climate risks

          Neighborhood: Pacific Palisades

          Getting around

          33 / 100
          Some Transit

          Nearby schools

          GreatSchools rating

          A local agent can set up tours, give advice and negotiate with sellers.

          Browse local experts

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel
              • Local buyer's agents are ready to help