Drastic Price Reduction! Welcome to 538 Palisades Avenue – A Timeless Craftsman Home in Santa Monica’s Premier Neighborhood. This rarely available and hard to find property is nestled in the heart of Santa Monica's coveted North of Montana neighborhood, directly across from the beloved Goose Egg Park. Set on a generous lot, the 3-bedroom, 2-bathroom main house offers quintessential California living just moments from pristine beaches, Palisades Park, and the vibrant shops and restaurants of Montana Avenue. The unbeatable mantra rings true here: location, location, location. In addition to the main home, a charming 528-square-foot guest house with 1 bedroom and 1 bathroom sits above an oversized 2-car garage with private alley access—ideal for guests, multigenerational living, a home office, gym, or creative studio. There's even potential to convert the garage and guest house into a 1,056-square-foot ADU, expanding your options and adding value. The main house features Classic Craftsman details, including a welcoming front porch and a cozy central fireplace, a sunroom bathed in natural light, a spacious kitchen and elegant primary suite, a dedicated dining room opening to a large, covered porch, an expansive backyard with mature landscaping, perfect for outdoor entertaining, with Carport parking in addition to the garage. The owner recently replaced all of the floors in the main house and remodeled the primary bathroom with a large soaking tub, new vanity, and smart toilet. Families will appreciate being located within the sought-after Roosevelt Elementary School district, adding to the home's allure. Whether you're looking to restore a beloved classic, expand with an ADU, or simply enjoy a piece of Santa Monica history, this property delivers charm, convenience, and an unbeatable location in one of the Westside’s most desirable communities.