When a wall of flames swept through the Pacific Palisades in early 2025, Huntington’s leafy streets — long known for their stability, schools and proximity to the ocean — became a patchwork of charred lots, insurance disputes and families temporarily scattered across California. 

Now, the first newly completed residence near The Village — a local hub in Huntington — since the disaster is stepping forward as something more than a listing: it is a benchmark.

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

A newly built modern estate in Huntington Palisades is testing post-fire pricing as the first ground-up home near 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 via Getty Images

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

With more than 8,000 square feet across three levels, it is a reference point for where 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 homes in the Pacific Palisades. Getty Images

The home is listed for $12.75 million — well below its value. Mark Salazar

The property at 565 Toyopa Drive spans more than 8,000 square feet across three levels. Mark Salazar

With empty lots trading hands and investors 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 answer on the table. 

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 along a warm palette of walnut, oak, limewash and Roman clay — a deliberate material progression that begins with dark walnut millwork on the main floor, then lightens to oak upstairs and below. Venetian-like textures and tall openings pull sunlight across the interior.

A drone view shows houses under construction in the Pacific Palisades neighborhood, months after wildfires in January devastated the area in Los Angeles, California, December 3, 2025. REUTERS

Christmas decorations eerily sit on the sidewalk on front of a Huntington Palisades home burned in the Palisades fire. Los Angeles Times via Getty Images

At the center of the main level, the chef’s kitchen features a Sub-Zero/Wolf suite, Taj Mahal stone, custom cabinetry and a hidden appliance pantry — all flowing into dining and living spaces that open through oversized sliders to a pool, spa and lounge. 

Downstairs, a theater, a gym with a steam room and an Emperador marble bar speak to the high-amenity trend defining Westside luxury.

The grounds hold a rarity rarely seen in new construction — a 150-year-old heritage tree, left standing and landscaped as a natural anchor.

While the Toyopa listing is the first near the Village to debut fully built post-fire, another new-construction home, 766 Paseo Miramar, entered the market at $54 million last summer before price cuts brought it to $29.95 million, where it remains unsold.

The home features walnut-to-oak interiors, a chef’s kitchen and, of course, a lovely dining room. Mark Salazar

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

With so few comps standing, this sale may influence how buyers value raw land, rebuild potential and the premium of avoiding a multi-year construction slog.

Chernov knows that timeline well. 

“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 running past the burn scars. 

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

The primary bedroom. Mark Salazar

The property boasts nine bathrooms. Mark Salazar

Her goal 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 is realism too. “It’s not easy to rebuild … it’s a few years’ process to get something done.” 

For a buyer who doesn’t want to spend years permitting and living elsewhere, this home offers 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 bathroom. Mark Salazar

Chernov, who lost two homes 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, adding that the build incorporates HardieBacker cement board and is exploring rooftop sprinkler systems for future projects.

Nehemia speaks like someone invested not just financially but 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 offers outdoor space with al-fresco dining. Mark Salazar

Chernov, who has lived locally for more than 25 years, shares that belief.

“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, but 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.”