Exclusive | New Pacific Palisades home lists for $12.75M after the fires | Real Estate Market Insights

When a wall of flames swept via the Pacific Palisades in early 2025, Huntington’s leafy streets — long identified for his or her stability, schools and proximity to the ocean — turned a patchwork of charred heaps, insurance coverage disputes and households briefly scattered across California. 

Now, the first newly accomplished residence close to The Village — a local hub in Huntington — since the disaster is stepping ahead as one thing more than a itemizing: it’s a benchmark.

The property at 565 Toyopa Drive, newly delivered to market for $12.75 million with Jacqueline Chernov of the Beverly Hills Estates, arrives at a delicate second.

A newly constructed trendy property in Huntington Palisades is testing post-fire pricing as the first ground-up home close to the Village to hit the market since the wildfires. Mark Salazar

A home burns during the Palisades Fire in Pacific Palisades, California, on January 8, 2025. AFP by way of Getty Images

It was already under development before the fires, escaping the delays that now accompany most builds in the neighborhood. 

With more than 8,000 sq. ft across three ranges, it’s a reference point for the place pricing lands in the aftermath.

Chernov acknowledges the scrutiny. 

“It’s really a bold move because we need to set the price,” she said. “Everyone’s looking at us right now to see how far the community has dropped in value since the fire.” 

A view of destroyed houses in the Pacific Palisades. Getty Images

The home is listed for $12.75 million — properly below its worth. Mark Salazar

The property at 565 Toyopa Drive spans more than 8,000 sq. ft across three ranges. Mark Salazar

With empty heaps trading arms and traders circling, she added, “Everyone seems to want to put their hands in a pot here and invest in the area … but everyone’s asking ‘what’s the end price?’”

For now, this home is the reply on the desk. 

Chernov sees it as the stake that others will measure against. 

“So we’re going to be looked at as the baseline,” she said. “It’s only going to go up from here.”

The residence unfolds alongside a heat palette of walnut, oak, limewash and Roman clay — a deliberate materials progression that begins with darkish walnut millwork on the main flooring, then lightens to oak upstairs and below. Venetian-like textures and tall openings pull daylight across the inside.

A drone view exhibits homes under development in the Pacific Palisades neighborhood, months after wildfires in January devastated the space in Los Angeles, California, December 3, 2025. REUTERS

Christmas decorations eerily sit on the sidewalk on entrance of a Huntington Palisades home burned in the Palisades fireplace. Los Angeles Times by way of Getty Images

At the heart of the main level, the chef’s kitchen options a Sub-Zero/Wolf suite, Taj Mahal stone, customized cabinetry and a hidden equipment pantry — all flowing into eating and dwelling areas that open via outsized sliders to a pool, spa and lounge. 

Downstairs, a theater, a fitness center with a steam room and an Emperador marble bar converse to the high-amenity pattern defining Westside luxurious.

The grounds maintain a rarity not often seen in new development — a 150-year-old heritage tree, left standing and landscaped as a pure anchor.

While the Toyopa itemizing is the first close to the Village to debut absolutely constructed post-fire, another new-construction home, 766 Paseo Miramar, entered the market at $54 million last summer time before price cuts introduced it to $29.95 million, the place it stays unsold.

The home options walnut-to-oak interiors, a chef’s kitchen and, of course, a beautiful eating room. Mark Salazar

Developer Yaniv Nehemia priced it below the roughly $15 million worth to assist a community still recovering, saying “we’re trying to give back to the community.” Mark Salazar

With so few comps standing, this sale might affect how consumers worth uncooked land, rebuild potential and the premium of avoiding a multi-year development slog.

Chernov is aware of that timeline properly. 

“I lost two houses myself in the Palisades,” she said. “Not only have you lost everything, you’re battling these insurance companies and it’s just … been difficult.” 

She described the annual Turkey Trot she hosted after the fires, which drew over 2,000 people working past the burn scars. 

“It was just such a great feeling like everyone wants to come back to the community,” she said.

The major bed room. Mark Salazar

The property boasts 9 loos. Mark Salazar

Her aim now is momentum. 

“The spirit’s there… we want to get a good price and bring people back and make people feel excited.”

But there may be realism too. “It’s not easy to rebuild … it’s a few years’ process to get something done.” 

For a purchaser who doesn’t need to spend years allowing and dwelling elsewhere, this home provides a shortcut — keys now, not in 2028.

Developer Yaniv Nehemia says the ask is purposefully restrained. 

“Prior to the fire, we wished we would get $15 million,” he said. “So now we’re going to give them a discount… we’re trying to give back to the community.”

One of seven bedrooms. Mark Salazar

Another lavatory. Mark Salazar

Chernov, who misplaced two houses in the fires, believes the sale will set the market tone, noting “we’re going to be looked at as the baseline.” Mark Salazar

Protection measures also shifted after the devastation. 

“I used the Rockwell installation. It’s a new system that is fire and waterproof,” he said, including that the build incorporates HardieBacker cement board and is exploring rooftop sprinkler programs for future initiatives.

Nehemia speaks like somebody invested not just financially however personally. 

“I sold many homes in the area and I love the people there … I’m confident that it’s going to bounce back up and be the best place in California,” he said.

The home theater. Mark Salazar

The home provides out of doors space with al-fresco eating. Mark Salazar

Chernov, who has lived domestically for more than 25 years, shares that perception.

“Since the fires, my clients have gone to all different places… and most of them want to come back and they just can’t find what they had in the Palisades anywhere else.”

 She sees the sale not only as price discovery, however as proof of life.

“We’re just setting the bar of what prices should sell for moving forward,” she said. “To be the first one out of the gate with all eyes on you — that is what this story is about.”

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