Nestled within the coveted Palisades Hills enclave of the Palisades Highlands, 16740 Monte Hermoso presents an exceptional opportunity to create a custom estate on a rare, expansive 19,000+ square foot flat lot. Commanding beautiful ocean and mountain views, this premier homesite offers an extraordinary setting for luxury living in one of Pacific Palisades' most sought-after neighborhoods. Phase 1 and Phase 2 debris removal have been completed, and the property's existing pool and spa appear to remain intact, providing a potential head start for future development. The generous parcel can accommodate a residence exceeding 5,700 square feet, allowing ample space to design a dream home tailored to your vision. Perched above the marine layer, the Highlands enjoys abundant sunshine throughout the year, along with breathtaking mountain sunsets that create a stunning backdrop for everyday living. The expansive, level grounds offer the ideal canvas for seamless indoor-outdoor living, with room for resort-style amenities, lush landscaping, and private outdoor entertaining spaces. Residents enjoy the benefits of the Palisades Hills HOA and Recreation Center, featuring tennis courts, basketball, a fitness center, pool, spa, and children's playground. Moments from the local Palisades Circle with Pacific Coast Pilates, hair studio, piano lessons, and wine shop. Just at the base of the Highlands is the Highlands Plaza shopping center with beloved Spruzzo, Starbucks, Kay's Bakery, Martial Arts studio & more! Additionally, minutes from the beach, Palisades Village, hiking trails, and recreation, this is a remarkable opportunity to build a legacy property in an unparalleled coastal setting. HOA dues include clubhouse (which is being rebuilt), pool, and tennis courts, plus all common area maintenance and 24/7 patrol and vacation watch. Neither Seller nor Broker/Agents guarantee the accuracy of the square footage, lot size, permits or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information (including square footage) through personal inspections and with the appropriate professionals. Views, if any, are based on current conditions and drone imagery taken at the time of listing. Future construction or development may impact views. Buyer to independently verify.