501 Salerno Dr Perched on a highly desirable corner lot in the Marquez Knolls neighborhood of Pacific Palisades this property presents an exceptional rebuild opportunity in one of the area's most sought-after coastal communities. With its elevated position, the property captures refreshing ocean breezes and offers exciting potential for ocean views from a future second story. The generous corner placement enhances privacy while providing added flexibility for architectural design, landscaping, and access ideal for crafting a custom residence that maximizes indoor-outdoor living. Whether you're an end user ready to build your dream home or a developer seeking a prime investment, this property combines location, versatility, and long-term value. Conveniently located near Palisades Village, beaches, hiking trails, and top-rated schools, it offers the ultimate blend of coastal tranquility and everyday convenience. A wonderful opportunity to be part of the next chapter of Pacific Palisades living.