The total synthesis of palmarumycin CP1 (4) and CP2 (5) and racemic CJ‐12.371 methyl ether (17) is described using the Diels–Alder reaction of benzoquinone 1,8‐dihydroxynaphthalene acetal (10) with 1‐methoxy‐1,3‐butadiene under neat reaction conditions. The stereochemistry of adduct 15 was confirmed by single‐crystal X‐ray analysis. The transformation of 15 into target products 4, 5, and 17 involved dehydrogenation, methyl ether cleavage, and reduction and oxidation steps.