Palos Verdes Weekly Update (5/23/18)

Posted by South Bay Staff on Thursday, May 24th, 2018 at 2:15am.

Palos Verdes Weekly Real Estate Market Update

MAY 23, 2018

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

Palos Verdes Stats

Inventory: 213 active MLS listings in Palos Verdes (same as last week)

New listings this week: 19

Newly in escrow this week: 24

New closed sales this week: 14

New price cuts this week: 9

Featured New Listings of the Week

41 Marguerite Drive41 Marguerite Drive Rancho Palos Verdes CA

(6br/8ba, 9335 sqft.)

Agent's Description:

Rarely does a home of this magnitude become available in our coastal region. This magnificent Mediterranean home offers an extraordinary level of Luxury & comfort & is situated in a rare and breathtaking bluff top location above the Pacific Ocean in Rancho Palos Verdes. Designed by world famous "Architect to the Stars" Richard Landry. When you enter this impressive home you are greeted by a soaring 2 level entryway with a massive chandelier and intricate railings, more like artwork, designed by the architect himself. This 9300+ square foot home has 6 bedrooms, 8 baths, an office, 4 fireplaces, 3 stairways & an impressive list of amenities and features. This home sits on an acre of Southern California Coastline where the property line ends at the median tide line. The only home in the area with it's own private trail leading to the beach and tide pools below, you'll create a lifetime of memories with family and friends as you explore first-hand the awe-inspiring California coast. Rich mahogany accents throughout the home brings a warmth and intimacy often absent in such a grand residence. The large ocean view master bedroom has a whitewater view sitting room, 2 view balconies, a fireplace and mahogany ceiling. His & Hers bathrooms & closets, "Hers" has a large bathtub with ocean views. There are 5 additional large ensuite bedrooms. Close to the extraordinary Terranea Resort & the 4 world class golf courses of Palos Verdes, the lifestyle & location are hard to match anywhere.

List price: $15,450

915 Via Panorama915 Via Panorama Palos Verdes Estates CA

(4br/5ba, 5064 sqft.)

Agent's Description:

The gracious Via Balina boasts an unparalleled location with 31,000 square feet of land encompassing two adjoining lots bordering acres of protected parkland to the NW and NE. Located on a prestigious and quiet PVE street, this lovely home enjoys awe-inspiring Queen's necklace and city lights views from almost every room; plus the sprawling back Grand Terrace, side yards and impressive front yard, too. You will be greeted by an expansive front lawn and a gated front courtyard with newly refinished stone patterned stone, a welcoming fountain and a delightful covered porch all leading to its impressive double doors. Totally remodeled in 2013 and 2014 this fine residence has 4 bedrooms including a sumptuous Master Suite with its new master bath replacing a fifth bedroom. There are a total of 5 sparkling new bathrooms, a generously sized 3-stop elevator, a new pool/spa in its own protected walled yard, two family rooms, and formal dining and living rooms with lovely French doors to the views. A gorgeous new marble & granite island kitchen now opens to the family room with its distinctive stone fireplace and floor to ceiling windows to enjoy the whitewater view. There is also an enviable over-sized 3 car garage, and a mature orchard, all on manicured grounds that have hosted weddings and parties, large and small. This rare site with its beautifully renovated villa offers a rare opportunity for the buyer with discerning taste. 

List price: $7,300,000

3700 Via Palomino3700 Via Palomino Palos Verdes Estates CA

(4br/5ba, 3962 sqft.)

Agent's Description:

A rare opportunity to own one of the most sought-after homes on Via Palomino. This Valmonte classic is a fine example of Cape Cod architecture re-designed and completed in 2002. The two-story entry opens to wonderful living spaces with custom woodwork details and updated hardwood floors throughout. You'll be instantly charmed by timeless details retained in the renovation, such as white wainscoting, transom windows, picture windows, and sunny dormers in the bedrooms. A designer coastal color palette creates an inviting feeling as you move from room to room. Enjoy hosting parties in the formal dining room while French doors open to a private courtyard retreat. The formal living room enjoys soaring, two story ceilings, a cozy brick fireplace and built-in library shelving. Just down the hall a light and bright gourmet kitchen opens to the casual family room. The home embraces abundant outdoor spaces complete with in-ground pool & spa, outdoor kitchen and bar area, and large, grassy areas. A main floor bedroom with custom built-ins offers a great option as a sunlit home office. Vaulted ceilings throughout the upper level add to the happy charm of this picture-perfect residence. The spa-like master bath includes a large soaking tub, walk-in shower, dual vanities and his & hers walk in closets. Located along what is arguably one of the best streets in all of Valmonte, this home is close to nearby walking trails, the Palos Verdes Golf Course, & top-rated public schools. 

List price: $2,995,000

Notable Sales of the Week

2017 Paseo Del Sol2017 Paseo Del Sol Palos Verdes Estates CA

(4br/6ba, 5446 sqft.)

Agent's Description:

Malaga Cove personified. The best view of the “Queen’s Necklace” spanning from dramatic sunsets descending on the Channel Islands to The Getty Museum, Hollywood Sign, Downtown LA, Mount Baldy and of course all the beach cities from PV to Malibu on one of the most coveted locations in all of PV. Possessing one of the best views in all of LA this home also sits on a private & usable lot w/ a large, glimmering glass tile pool & putting green perfectly facing the view. On the market for the first time in over 20 years this meticulously maintained turn-key home is truly special. Upon entry through the front door you are greeted with mesmerizing views and staring down the LA coastline. The first floor contains the chef’s kitchen, family room, breakfast nook, living room, “sky bar” deck and bedroom wing w/ master bedroom, spare en-suite bedroom & office. The lower level leads you to the large great room & bar equipped w/ dishwasher & fridge. In the great room are sliding glass doors for access to the beautiful travertine patio and alluring backyard fitted w/ 4 fire features, 2 cascading rock falls, pool w/ baja step & spa, putting green and orchard all facing the VIEW! Also on the lower level of the home are 2 large en-suite bedrooms, pool bath, gym & laundry room. Other features include two separate HVAC systems, Vantage lighting, water purification system, security & music systems.

Sold price: $6,300,000

3747 N Palos Verdes Drive3747 N Palos Verdes Drive Rolling Hills Estates CA

(4br/5ba, 3588 sqft.)

Agent's Description:

THIS HOME IS NOT DIRECTLY ON THE DRIVE but at the end of a quiet cul-de-sac street away from PV Drive North. The stunning privately gated luxury contemporary ranch estate is built on almost 2 acres (useable) of a developed equestrian parcel which backs up to a horse trail & botanical garden. (2 APN #s…sold together) In 2015, home was taken down to the studs during an extensive remodel (permitted). The 4 bed + office/5 bath ranch style home with open floorplan spared no expense with the highest quality finishes. Italian cabinets, top of the line s/s appliances, stone counters and wall-unit wine cooler are just some of the high end finishes. Family room with a floor to ceiling custom designed glass slider opens to formal living room allows for separate or open entertainment areas. Custom windows and 3 sets of panoramic glass sliding doors provides the ultimate open-style living. Indoor/outdoor floor plan has a 2400 sqft. outdoor wrap-around patio/deck with quality concrete/stone patio, BBQ island, 2 fire pits, table counter and multiple seating areas. ENTERTAINER’S DELIGHT! Includes a large pool with Jacuzzi, flat grassy area and separate garden. Current configuration allows for main house expansion and room for a separate guest house (verify City of RHE). Oversized garage is approx. 800 sqft. Previous owner spent approx. $1M to excavate/level the equestrian ring. Includes training & jumping arena, 6 stall barn, 3 turn out rings, tack & storage room and a hot/cold wash area. 

Sold price: $3,375,000

8 Sea Cove Drive8 Sea Cove Drive Rancho Palos Verdes CA

(3br/2ba, 2175 sqft.)

Agent's Description:

Nestled up next to the jaw-dropping beauty of Abalone Cove, a study in serenity awaits you. The long gated drive enhances your anticipation. Inside this architectural masterpiece created by internationally renowned architect Aaron G. Green, you’ll feel immediately at peace enveloped in warm redwood throughout the open floorplan with approx. 2,175 SF living space, 3 bedrooms and 2 bathrooms. Floor to ceiling glass with forever views draws you outside to the Zen deck where a sensual mix of elements eases your mind and calms your spirit. A unique pentagon shaped pool reflects the mood of the sky, and you have expansive space to watch the whales and admire awe-inspiring views of the Pacific and Palos Verdes cliffs. 

Sold price: $5,400,000

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
4405 Via Valmonte 3/2 2456 9622 $1,598,000 $651 0 $1,598,000 05/22/18
27060 Eastvale Road 4/3 2798 23627 $1,599,000 $571 0 $1,599,000 05/21/18
2357 Palos Verdes Drive 8 2/2 1340 10667 $799,000 $596 0 $799,000 05/21/18
41 Marguerite Drive 6/8 9335 47402 $15,450,000 $1,655 0 $15,450,000 05/21/18
3524 Lariat Lane 5/4 3800 26125 $2,450,000 $645 1 $2,450,000 05/21/18
1835 Caddington Drive 63 3/2 1282 127123 $599,000 $467 1 $599,000 05/21/18
1017 Via Fortuna 4/3 2654 12282 $1,999,000 $753 1 $1,999,000 05/21/18
4690 Browndeer Lane 3/2 1854 15086 $1,279,000 $690 1 $1,279,000 05/21/18
3700 Via Palomino 4/5 3962 9781 $2,995,000 $756 1 $2,995,000 05/21/18
6925 Clovercliff Drive 5/3 2242 7674 $1,399,000 $624 1 $1,399,000 05/19/18
1908 Lasita Place 3/2 1746 7327 $899,900 $515 1 $899,900 05/19/18
6508 Nancy Road 4/4 3132 10116 $1,438,000 $459 2 $1,438,000 05/19/18
5316 Waupaca Road 4/2 1890 8721 $1,299,000 $687 2 $1,299,000 05/18/18
1562 Granvia Altamira 4/4 3000 19740 $2,600,000 $867 2 $2,600,000 05/18/18
915 Via Panorama 4/5 5064 31000 $7,300,000 $1,442 3 $7,300,000 05/18/18
1417 Via Zumaya 6/7 4530 17491 $2,899,000 $640 3 $2,899,000 05/17/18
2209 Via Alamitos 4/2 2039 9589 $1,750,000 $858 4 $1,750,000 05/17/18
28315 Ridgehaven Court 3/3 2451 753582 $1,098,000 $448 4 $1,098,000 04/13/18
28035 Hazelridge Drive 5/4 2197 8613 $1,150,000 $523 5 $1,150,000 05/17/18

NEWLY PENDING/IN ESCROW THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
1728 Chelsea Road 5/3 2984 7555 $1,899,000 $636 43 $1,999,000 04/09/18
1233 Via Romero 4/3 2902 14935 $1,750,000 $603 103 $1,999,500 02/08/18
52 Pacifica Del Mar 4/5 4320 25942 $4,295,000 $994 10 $4,295,000 05/11/18
93 Hilltop Circle 2/3 2198 1859 $1,114,000 $507 5 $1,114,000 05/16/18
5965 Peacock Ridge Road 201 2/2 1249 43075 $525,500 $421 20 $395,000 05/01/18
5320 Ironwood Street 3/2 1479 9121 $1,099,000 $743 51 $1,099,000 03/28/18
29620 Island View Drive 3/3 2199 38655 $799,000 $363 7 $799,000 05/14/18
69 Aspen Way 3/3 1988 1307 $849,500 $427 70 $824,000 03/07/18
16 Mela Lane 3/3 2995 6637 $1,139,000 $380 43 $1,139,000 04/08/18
29111 Golden Meadow Drive 5/3 2128 9512 $1,480,000 $695 18 $1,480,000 05/02/18
3601 Via La Selva 4/4 3020 7405 $2,499,000 $827 34 $2,499,000 04/16/18
100 Aspen Way 3/3 2184 1768 $929,000 $425 19 $929,000 05/01/18
4140 Admirable Drive 3/3 1992 10793 $1,095,000 $550 23 $1,095,000 02/01/18
6300 Ridgeglade Court 2/2 1465 519949 $739,000 $504 23 $759,000 04/27/18
51 Paseo Del La Luz 6/7 8341 32304 $6,275,000 $752 585 $7,995,000 10/03/16
6545 Abbottswood Drive 4/3 3052 11157 $2,298,000 $753 33 $2,298,000 04/02/18
1629 Via Zurita 5/3 2311 7467 $1,679,000 $727 8 $1,679,000 05/08/18
5 Via La Cima 3/3 2414 83619 $1,049,000 $435 5 $1,049,000 05/11/18
2901 Via Anacapa 5/4 3996 18502 $3,695,000 $925 10 $3,695,000 05/10/18
28134 Ridgepoint Court 2/2 1494 519949 $750,000 $502 13 $750,000 05/07/18
29108 Indian Valley Road 4/2 2800 9713 $1,238,000 $442 19 $1,238,000 05/01/18
30358 Camino Porvenir 6/4 3717 8092 $1,665,000 $448 12 $1,665,000 05/04/18
28428 Cedarbluff Drive 5/4 3424 17868 $1,849,000 $540 13 $1,849,000 05/07/18
32679 Seagate Drive 201 2/2 1736 753046 $799,000 $460 13 $799,000 05/07/18

NEW CLOSED SALES THIS WEEK

ADDRESS BD/BA SQFT LOT SOLD PRICE $PSF DOM START $ CLOSED
26706 Grayslake Road 3/2 1697 9273 $1,140,000 $672 22 $1,145,000 05/22/18
28024 Ridgebluff Court 3/3 1439 278270 $761,500 $529 3 $699,000 05/21/18
39 Via Granada 3/3 2006 0 $950,000 $474 7 $925,000 05/21/18
8 Sea Cove Drive 3/2 2175 25700 $5,400,000 $2,483 23 $5,800,000 05/18/18
5802 Ironwood Street 4/2 2069 7522 $1,150,000 $556 7 $1,150,000 05/18/18
1705 Via Montemar 3/3 3282 6971 $2,980,000 $908 3 $2,999,000 05/18/18
26427 Basswood Avenue 4/4 2385 7451 $1,500,000 $629 8 $1,450,000 05/18/18
5276 Willow Wood Road 3/2 1596 9324 $1,020,000 $639 8 $975,000 05/18/18
441 Via Media 4/3 3122 10532 $2,675,000 $857 72 $2,950,000 05/17/18
3747 N Palos Verdes Drive 4/5 3588 76517 $3,375,000 $941 57 $3,695,000 05/17/18
2017 Paseo Del Sol 4/6 5446 24603 $6,300,000 $1,157 10 $6,499,000 05/17/18
1640 Via Machado 3/2 1342 5738 $1,185,000 $883 13 $1,099,000 05/17/18
6024 Via Sonoma 3/4 2796 11185 $1,650,000 $590 11 $1,598,000 05/17/18
30240 Calle De Suenos 5/3 3425 14024 $1,750,000 $511 43 $1,895,000 05/17/18

NEW PRICE CUTS THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
29034 Warnick Road 5/4 3429 8241 $1,479,000 $431 14 $1,579,000 05/07/18
3200 La Rotonda Drive 408 2/2 1373 241991 $775,000 $564 27 $799,000 04/06/18
1540 Addison Road 3/3 2369 9173 $1,849,000 $780 42 $1,899,000 04/09/18
1249 Via Landeta 4/3 3598 11700 $1,760,000 $489 16 $1,799,900 05/04/18
976 Via Del Monte 5/6 5016 16575 $3,349,000 $668 17 $3,499,000 05/03/18
5630 Ravenspur Drive 302 1/2 864 23619 $399,988 $463 82 $424,868 01/11/18
913 Via Del Monte 4/4 3404 11862 $2,199,000 $646 48 $2,399,000 04/02/18
28114 Ridge Forest Court 3/3 1687 1687 $868,000 $515 41 $888,888 04/09/18
3 Mustang Road 4/5 5064 18021 $2,645,000 $522 21 $2,695,000 04/29/18

 

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