Los Angeles Times: Santa Monica’s Palisades Beach sees its most expensive home sale since 2012

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Things are heating up down by the beach.

On Palisades Beach Road in Santa Monica, a gated estate on the sand has sold for $9.975 million — the highest price paid for a single-family home in the small beachfront area in seven years, records show.

The property hit the market in February for $8 million and sold for almost $2 million over the asking price.

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