Palos Verdes Weekly Update (1/31/18)

Posted by South Bay Staff on Wednesday, January 31st, 2018 at 10:10am.

Palos Verdes Weekly Real Estate Market Update

JANUARY 31, 2018

Complete and updated information on Palos Verdes area homes for sale and the local housing market.

Palos Verdes Stats

Inventory: 134 active MLS listings in Palos Verdes

New listings this week: 9

Newly in escrow this week: 2

New closed sales this week: 15

New price cuts this week: 4

Featured New Listings of the Week

1508 Paseo La Cresta1508 Paseo La Cresta Palos Verdes Estates CA

(7br/10ba/11000 sqft.)

Agent's Description:

Pre-construction Offering! Gorgeous French Mediterranean Gated Estate, located on prestigious Paseo La Cresta in Palos Verdes Estates, offers over 11,000 sq.ft., and has panoramic, Ocean, Catalina, & City Lights views from almost every room in the house. Grand Entrance yard with circular driveway. Grand foyer w/25’ high ceilings, double circular staircases & decorative glass atrium. Gourmet Kitchen w/top of the line appliances, large center island, & breakfast eating area. Large Family Room & Bar. Huge formal dining room(accommodates 16). Enormous Master Retreat includes sitting area, fireplace, dressing area & 2 expansive walk-in closets, & his/her Master Bath. Basement has a large family room w/fireplace, game area, bar, & large wine cellar. 2 Junior Suites, 2 additional Suites, Library/Office, Music Room, Gym, Maid’s Quarters, Elevator, 6 Car Garage, security alarm system w/surveillance cameras, natural stone & walnut floors throughout, & 10 fireplaces. Large rear yard perfect for entertaining w/lawn, swimming pool, spa, sports court, outdoor kitchen & bar, covered lounge cabana, firepit, & two fireplaces. Water fountains adorn the beautifully landscaped grounds.

List price: $14,900,000

1109 Palos Verdes Drive1109 Palos Verdes Drive Palos Verdes Estates CA

(3br/3ba/3650 sqft.)

Agent's Description:

NOTHING BUT WATER!! Bluff Home with Absolutely Spectacular Views of the Iconic Coastline, The Cove! Be it the ocean mist in the air, or the kelp beds floating below, a day of stress melts away by just opening the front door. The Malibu skyline and Santa Monica Bay provide the setting for incredible sunsets while designated "open space", mature vegetation, and deep setback allows for privacy. Gated circular drive through a lush private yard lead you to a 4-car garage and secluded courtyard. This 3bd, 3ba, home lives like a single-level with Master on main floor. Seamless indoor-outdoor living, this open floor plan is infused with natural light through tons of glass, contemporary clean lines and extended living out on a full-length balcony. Step-down living room with fire place is perfect for entertaining and allowing unobstructed views from the dining and gourmet kitchen. Lower-level secondary bedrooms & bath, wine cellar, and large family rm. w/fire place open out onto the stone-lined patio, secluded spa, outdoor dining, & terraced gardens. Pacific Ocean Views from almost every room of this remodeled home.

List price: $6,890,000

27538 Eastvale Road 27538 Eastvale Road Palos Verdes Peninsula CA

(8br/11ba/13050 sqft.)

Agent's Description:

Incomplete, magnificent mansion with 8 bedrooms and 11 bathrooms. Average building cost in the area is $550/sqft, this one is listed at $268/sqft. Waiting for your signature touch before it turns into a magical castle. According to previous seller, the main house is approximately 10,000 Square feet including 5 bedrooms and 7 bathrooms; the Casita is approximately 2400 sqft including 3 bedrooms 3 bathrooms, the pool house is approximately 650 sqft including a bathroom. Upper floor of the main house features 5 bedrooms each has a private balcony and bathroom. The main floor features living room, formal dining room, family room, media room and an enormous kitchen with a grand granite counter top island. A massive open floor is located on the bottom level which could be designed as an entertainment paradise. Pool house is across the main house at the backyard. Casita features 3 bedroom, 2.5 bathrooms, a living room, family room and a bar area. 8 Car garage, horse trail at the back of the property. Family-oriented neighborhood, close to schools, dining and shops. Great schools in Palos Verdes Unified School District. Square footage are from unofficial source, buyer investigation is advised. No certificate of occupancy yet, interior is about 90% complete, no landscape, no hardscape, no pool. Cash buyer only.

List price: $3,280,000

Notable Sales of the Week

6 N Middleridge Lane 6 N Middleridge Lane Rolling Hills CA

(5br/7ba/5300 sqft.)

Agent's Description:

An incredible property located in the most prime and exclusive section of Rolling Hills, featuring a sprawling, one story, completely remodeled to perfection, modern Ranch style home. Five private bedroom suites all with their separate wings, wood paneled office, huge formal dining room, refrigerated wine room, large family room with 70" flat screen with surround sound, Formal living room with high beamed ceilings and a separate luxury guest house. There are four fireplaces, many skylights, new hardwood floors, and designer touches throughout. The master suite has an enormous walk-in closet, a private sauna, and a spa like shower tub combo that rivals the finest 5 star hotels. The fabulous grounds also have a separate air conditioned gym, 6 car garage, a workshop, and a lower driveway to additional parking. The sparkling pool and separate spa are like a water park oasis.

Sold price: $5,000,000

32030 Cape Point Drive 32030 CApe Point Drive Rancho Palos Verdes CA

(5br/6ba/7261 sqft.)

Agent's Description:

A Rare opportunity to own a new construction home at The Estates at Trump National with sweeping ocean and golf course views. This estate boasts approximately 7,200 square feet of living space featuring exceptional, cutting-edge design most desired for today’s luxury lifestyle. Uniting Old World Tuscan charm with elegant modernity, the open living area and spacious gourmet kitchen (with a massive island and Sub-Zero and Wolf appliances) unite the serine views with the adjacent outdoor entertainment area and pool bringing to life the indoor-outdoor living one would get accustomed to in this home. Coastline and golf course views can be enjoyed while sipping a morning coffee from the second story master suite (with oversized bathroom and walk-in closet). Bathed in natural light, all bedrooms have ensuite bathrooms and large closets. Live the luxury life like you are always on vacation with tranquil sunsets, golf course convenience and beach access trails all from a home built with unparalleled design, comfort, and quality.

Sold price: $5,000,000

2 Open Brand Rd. 2 Open Brand Rd Rolling Hills CA

(5br/7ba/5007 sqft.)

Agent's Description:

This Exquisite Estate with stunning city, mountain, harbor and coastal views is located in the heart the private, gated city of Rolling Hills. Enter the property from a long private paver stone driveway and motor-court, surrounded by beautiful lawns and landscaping. A predominately flat 76,259 square foot lot, has something to offer everybody; it is an ideal property for a young or mature family. The house is perfectly situated in the center of the lot and offers wonderful privacy and useage of the land. The property features a large rectangular pool and spa, regulation size n/s tennis court , an orchard with avocado, fig, pomegranate trees, plenty of room for a horse facility, large deck for entertaining and even a guest house(approx. 367 sq.ft) with 3/4 bath and private balcony with views. The main house is approximately 5,007 square feet, 4 bedrooms (3 with en-suite), 4 1/2 baths, formal living room and great room with marble fireplaces, soaring open beam ceilings, and stunning views, an enormous formal dining room with wood paneling and crystal chandelier, gourmet kitchen with custom soft close cabinets, Dacor range and ovens, Sub-Zero Refrigerator, hardwood floors, open beamed ceilings and 2 large pantries, refrigerated wine room, large office or den(could be an additional bedroom), small changing room off pool with 1/2 bath, central a/c, central vacuum, mud room, laundry room and a finished garage.

Sold price: $3,500,000

Complete Market Report Data

Here is our full market report on Palos Verdes real estate for the week.

Click on any property address to see all photos & listing data online.

NEW MLS LISTINGS THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
2322 Palos Verdes Drive 109 2/2 1184 21242 $660,000 $557 5 $660,000 01/31/18
6529 Via Siena 2/2 1774 5857 $1,350,000 $761 6 $1,350,000 01/30/18
10 Via La Cima 3/3 2677 83431 $1,195,000 $446 6 $1,195,000 01/30/18
980 Via Rincon 5/6 6500 16708 $4,499,000 $692 6 $4,499,000 01/30/18
8 Peartree Lane 2/3 1704 2042 $975,000 $572 7 $975,000 01/29/18
1508 Paseo La Cresta 7/10 11000 33656 $14,900,000 $1,355 7 $14,900,000 01/29/18
6518 Sandy Point Court 3/3 2474 4415 $1,515,000 $612 8 $1,515,000 01/28/18
1109 Palos Verdes Drive 3/3 3650 26229 $6,890,000 $1,888 8 $6,890,000 01/28/18
27538 Eastvale Road 8/11 13050 45028 $3,280,000 $251 11 $3,280,000 01/25/18

 

NEWLY PENDING/IN ESCROW THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
30015 Via Borica 4/4 3184 10437 $2,300,000 $722 0 $2,390,000 01/29/18
7206 Rue Godbout 4/3 1864 10827 $1,650,000 $885 0 $1,650,000 01/03/18

 

NEW CLOSED SALES THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
6 N Middleridge Lane 5/7 5300 149463 $5,000,000 $943 484 $5,950,000 01/31/18
4892 Elkridge Drive 5/4 2555 10714 $1,300,000 $509 203 $1,549,000 01/31/18
6120 Armaga Spring Road 3/3 3133 10731 $1,390,000 $444 80 $1,549,000 01/31/18
5630 Ravenspur Drive 205 2/2 1250 23619 $525,000 $420 23 $549,500 01/31/18
30506 Via La Cresta 4/3 2720 9158 $1,322,525 $486 6 $1,389,000 01/31/18
789 Via Somonte 3/2 1935 7221 $1,750,000 $904 14 $1,799,000 01/31/18
736 Via Del Monte 4/3 2370 8355 $1,625,000 $686 67 $1,699,000 01/30/18
2039 Via Visalia 4/5 3168 19256 $2,820,000 $890 57 $2,999,000 01/30/18
1001 Calle Stellare 2/3 2352 0 $1,650,000 $702 199 $1,900,000 01/30/18
3625 W Hidden Lane B 2/3 1727 126112 $620,000 $359 42 $630,000 01/29/18
28706 Mount Langley Court 3/3 1768 6596 $994,000 $562 11 $988,500 01/29/18
32030 Cape Point Drive 5/6 7261 24416 $5,000,000 $689 262 $5,499,000 01/26/18
19 Vista Real Drive 3/3 2383 14000 $1,500,000 $629 122 $1,749,000 01/25/18
2 Open Brand Rd 5/7 5007 76259 $3,500,000 $699 76 $4,395,000 01/25/18
3 Mustang Road 4/5 5064 18029 $1,550,000 $306 55 $1,599,900 01/25/18

 

NEW PRICE CUTS THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
1376 Via Romero 6/8 10297 28807 $7,994,000 $776 52 $7,999,000 12/11/17
29948 Knoll View Drive 3/3 2623 12467 $1,225,000 $467 60 $1,299,000 12/07/17
2827 Via Victoria 4/3 4119 15799 $2,300,000 $558 64 $2,389,000 12/03/17
2840 W Palos Verdes Drive 4/2 1870 8498 $1,519,000 $812 80 $1,550,000 11/17/17

 

Get More Palos Verdes Real Estate Info

See the latest Palos Verdes Housing Market Statistics, Prices and Trends.

See all Palos Verdes area real estate listings and neighborhood information. Or see only homes in Rancho Palos Verdes, Palos Verdes Estates, Rolling Hills/Rolling Hills Estates.

See the Palos Verdes Dashboard for up-to-the-minute info on all the listings and activity in the local real estate market.

Plan your open house visits by reviewing our complete list of Palos Verdes Open Houses.

 

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