Offered either as a separate home to purchase with approximately 12,500 square foot lot or as an incredibly hard to find option as a double-lot when combined with purchasing the adjoining lot at 1040 Corsica Drive. With purchasing both lots, total lot size is boasting apx. 25,000 square foot flat lot on one the best and most prestigious and gorgeous tree-lined streets in the Pacific Palisades Riviera; within a short distance to the world recognized Riviera Country Club; one of the greatest golf courses in the world, and host to the greatest golf tournaments in the world. The home as-is by itself is 5,376 square feet, with a 12,500 square foot single lot, offering a beautiful traditional style home that with a seamless blend of comfort and sophistication across its spacious and open floor plan that seamlessly flows to the outdoors, taking full advantage of the incredible and truly breathtaking landscaped grounds that provide multiple outdoors to enjoy. Dive into relaxation in the shimmering pool, unwind in the bubbling hot tub. Excluding the primary suite and nursery, all 4 secondary bedrooms are downstairs. One of the downstairs bedroom suites can easily be used as a secondary primary. Large kitchen, featuring top-of-the-line appliances and a layout designed for culinary mastery, with a large breakfast area nearby, all opening to the massive family room with cozy fireplace and secondary breakfast area with bay window to enjoy the views of the incredible yard. Whether you host casual meals in the family room or host elegant dinner parties in the formal dining room, each offers its own unique ambiance. Ascend upstairs to the 2,500 square foot second-story primary suite that overlooks the property. Indulge in the spa-like bathroom area with a unique skylit shower, and find inspiration in the well-appointed office space that is currently used as a nursery. The suite also provides a massive closet with an entire additional room behind a secret door that storage is never an issue. If purchasing both lots together, at a price of $16,495m you have the rare opportunity to purchase two amazing flat lots side-by-side; to either keep as-is, build a legendary estate. Includes plans to build a 12,000 square feet modern home.