A mansion and giant guesthouse in Pacific Palisades

At 2,400 square feet, the guesthouse alone in this gated Pacific Palisades compound is nearly as large as the average U.S. home. It sits on more than a third of an acre with a 5,896-square-foot traditional-style main house, a swimming pool and a sports court in a neighborhood within walking distance of shops.

Location: 671 Alma Real Drive, Pacific Palisades 90272

Asking price: $7.985 million

Year built: 2001

Combined house size: Six bedrooms, 71/2 bathrooms, 8,296 square feet

Lot size: 16,378 square feet

Features: Privacy hedge, media room, sauna, gym, maid’s quarters, flat lawn, canyon and mountain views from guesthouse’s rooftop yard.

About the area: In the first half of the year, 146 single-family homes sold in the 90272 ZIP Code at a median price of $1,712,000, according to DataQuick. That was a 13.3% decrease from the median during the first half of 2010.

Listing agent: Jim Miller, Jim Miller Residential Realty, (310) 779-6422

To submit a candidate for Home of the Week, send high-resolution color photos on a CD, written permission from the photographer to publish the images and a description of the house to Lauren Beale, Business, Los Angeles Times, 202 W. 1st St., Los Angeles, CA 90012. Send questions to [email protected].