Palos Verdes Weekly Update (8/29/18)

Posted by South Bay Staff on Wednesday, August 29th, 2018 at 6:59am.

Palos Verdes Weekly Real Estate Market Update

AUGUST 29, 2018

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

Palos Verdes Stats

Inventory: 247 active MLS listings in Palos Verdes (same as last week)

New listings this week: 17

Newly in escrow this week: 18

New closed sales this week: 10

New price cuts this week: 14

Featured New Listings of the Week

1425 Via Zumaya1425 Via Zumaya Palos Verdes Estates CA

(5br/4ba, 5024 sqft.)

Agent's Description:

Welcome to an entertainer’s paradise. This classic Palos Verdes Estates home has been completely reimagined by its current owners into a spectacular, dramatic, turnkey estate. Boasting 180-degree ocean views from Malibu to Catalina, this magnificent home will take your breath away. Waves crashing down at the bluffs can be seen from the expansive viewing decks and sweeping ocean views in nearly every room, along with a freshly restored tennis court, provide luxury living at its best. Enter into a gated courtyard to a sparkling pool and spa nestled in beautifully landscaped greenery with outdoor fire pit and built-in sofa area and BBQ. No expense was spared in the materials and craftsmanship of this remodel. Extensive use of high-end stone in baths and fireplace surrounds, top of the line plumbing fixtures, and exquisite chandeliers throughout. Other upgrades include glass railings, new oak wood floors, recessed lighting, plush carpeting, restored beams, custom European maple cabinets, storage built-ins, and so much more. Dramatic living and formal dining room with vaulted ceilings, downstairs great room, and office. Immaculately remodeled kitchen has Taj Mahal Quartzite waterfall island, all new Sub-Zero and Wolf appliances, and breakfast room. Huge master suite with oversized walk-in closet and spacious luxury bath. This breathtaking home has hosted over 250 people for dinners and weddings on the private tennis court overlooking dramatic ocean views. 

List price: $3,880,000

2720 Palos Verdes Drive2720 Palos Verdes Drive Rolling Hills CA

(6br/4ba, 5317 sqft.)

Agent's Description:

Rolling Hills - but not behind the gates - fabulous! Great access to everything without the gate hassle but privately gated - wonderful!!! Enjoy the open layout of this mini ranch that has fantastic floor plan for entertainment and family enjoyment. 5 large bedrooms - huge center island kitchen - living room made for a crowd - master that is private and spacious!!! There is a huge bar off the family room with patio doors leading to the outside for enjoying the summer evenings, high beamed ceilings, hardwood floors, French doors, ceiling fans, tankless water heater, security system and huge driveway with parking for up to 40 cars. Think of the great parties! This is the perfect spot to call home. The pool area includes slide and built-in trampoline plus grassy space and the huge barn is just waiting for your horse and saddle! Don't miss out on the opportunity. Could be yours... 

List price: $2,750,000

69 Rockinghorse Road69 Rockinghorse Road Rancho Palos Verdes CA

(6br/5ba, 4667 sqft.)

Agent's Description:

A grand fairytale setting awaits you high on a peaceful road named Rockinghorse. Open the dramatic leaded glass front doors and you’re immediately swept off your feet by an airy open floor plan. You’re met with a spacious living room, graced with soaring ceilings and a cozy fireplace. The sparkling interior offers up a glittering city lights view from multiple vantage points, not the least of which is the inviting deck just off the kitchen - perfect for savoring those warm So Cal evenings. Not one but two family rooms are available to encourage relaxation and perhaps a little friendly game night competition. Prepare a sumptuous meal in your dream kitchen, equipped with granite counters, elegant white cabinetry, and high end appliances. Nearby conveniences include a walk-in pantry with wine refrigerator. Serve up your masterpiece in the stately formal dining room. An impressive 6 bedrooms including master and mother-in-law suite, 4.5 baths and 4700 sq feet of living space allow you extra latitude to enjoy life in comfort. Every fairy tale deserves a happy ending of course—and you have the perfect setting: a larger than life master suite with decadent bath, separate shower and jacuzzi tub plus walk-in closet. Gracious living in a generous space makes you feel like royalty every day.

List price: $2,190,000

Notable Sales of the Week

35 Via Del Cielo35 Via Del Cielo Rancho Palos Verdes CA

(6br/8ba, 7220 sqft.)

Agent's Description:

Built in 2001, the home was developed through the eyes of a Mediterranean concept; tiled roof, stucco finish, court yard and spacious balcony, all cleverly blended with complimentary modern finishes; Gourmet kitchen w/ Viking appliances, powerful AC and tankless water heaters, high ceilings with recessed lighting, gorgeous true hardwood throughout, elegant moldings, functional dumb waiter, wired for sound and an impressive master suite. Solar roof panels and electric car charger dub this property as an Electric Smart House reducing on consumption as well as costs. With a lot size of over 27,000 sq ft. and the living area breaking 7,200, the ability to host doesn’t end with a family BBQ & pool party – dedicate to guests any one of 6 bedrooms and share the endless enjoyment this exceptional property provides.

1505 Via Fernandez1505 Via Fernandez Palos Verdes Estates CA

(6br/7ba, 7194 sqft.)

Agent's Description:

Unmatched Class and Graceful Simplicity. Full of life, cherished love, and delicate details, your eyes will dance along the flowing wrought iron staircase, wandering over every inch of masterfully carved molding, and landing on the radiant, leaded-glass double doors, brimming with light. Entirely custom, every nook of the home reflects a vision of playful modernity marrying fortified tradition. Bright and welcoming, the home provides an exquisite space for social expression and coming together of friends and loved ones. Host intimate wine tasting parties on the entry level, and carry-on effortlessly to the resort-style backyard, fully equipped for truly memorable parties and cornerstone celebrations. As a family, relax by the firepit, compete in the game room, laugh uncontrollably in the living room, get creative in the contemporary kitchen, or lounge lazily by the pool & spa. The blending of indoor and outdoor life creates year-round enjoyment, cheerfully flowing from the putting green to the cozy comfort of the family room, allowing you to soak up each day. Find privacy up-stairs, each bedroom fitted with a modern and clean-lined en-suite bathroom. Along the catwalk access a wide balcony, offering expansive views of the ocean. Simmer down with the marble fireplace in the Master Bedroom and fawn over the setting sun, or drift away in the glamorous Master Bathroom...... the home warrants a life full of living. 

Sold price: $4,500,000

6508 Nancy Road6508 Nancy Road Rancho Palos Verdes CA

(4br/4ba, 3132 sqft.)

Agent's Description:

A truly charming home in the red tile roof section of Miraleste offers many features for the astute buyer. Quaint & friendly tree lined neighborhood sits this home with an inviting large front yard, a beautiful green lawn, & a driveway which can accommodate 4 cars. The home with traditional finishes with old school charm enjoys 4 bedrooms, 2 of which are on the main level & 2 additional secluded bedrooms & an office on the lower level, 2 maybe used as master suites. All 4 of the bathrooms have been updated nicely with granite counters, tile flooring, & handsome vanities. The main level also has a bright living & dining rooms which looks out over the large private backyard with an inviting pool & sizeable yard. The generous sized kitchen with granite counters is a favorite place to enjoy delicious meals. Both the main level living room & lower level family room appreciate stone faced fireplaces. A large terrace off the main level dining room is a cherished place for gatherings. Additional features of this awesome home is a large basement with an abundance of storage space, surveillance cameras, security alarm, central air conditioning with dual controls, dual pane windows & patio doors, EV charging station hookup in garage, superior school district, peek a boo view & convenient access to shopping, beaches & freeways. In addition, a true feeling of community with annual block parties available for the lucky few residents of this neighborhood. 

Sold price: $1,350,000

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
17 Ocean Crest Court 2/3 2150 1567 $949,000 $441 0 $949,000 08/28/18
27046 Freeport Road 4/3 2690 14091 $1,685,000 $626 0 $1,685,000 08/28/18
2777 Vista Mesa Drive 3/2 1624 14579 $1,350,000 $831 0 $1,350,000 08/27/18
5055 Foxpoint Lane 3/2 1751 13542 $1,199,900 $685 0 $1,199,900 08/27/18
18 Buckskin Lane 5/4 3040 11764 $1,850,000 $609 0 $1,850,000 08/27/18
2533 Via Rivera 4/3 2497 8239 $1,550,000 $621 0 $1,550,000 08/27/18
1425 Via Zumaya 5/4 5024 16169 $3,880,000 $772 3 $3,880,000 08/24/18
2202 Sunnyside Ridge Road 3/3 2068 19861 $1,339,000 $647 3 $1,339,000 08/24/18
2720 Palos Verdes Drive 6/4 5317 99672 $2,750,000 $517 3 $2,750,000 08/24/18
20 Paseo De Castana 4/5 4001 8477 $1,798,000 $449 3 $1,798,000 08/24/18
1328 Via Gabriel 3/3 2242 11751 $1,699,000 $758 3 $1,699,000 08/24/18
888 Via Del Monte 3/2 2202 16961 $1,990,000 $904 4 $1,990,000 08/24/18
11 Coach Road 4/4 2717 23007 $1,568,000 $577 4 $1,568,000 08/24/18
69 Rockinghorse Road 6/5 4667 32806 $2,190,000 $469 4 $2,190,000 08/23/18
6569 Via Lorenzo 4/4 2505 7265 $1,395,000 $557 4 $1,395,000 08/23/18
27166 Eastvale Road 3/3 2125 20617 $1,599,000 $752 5 $1,599,000 08/23/18
85 Laurel Drive 6/8 7670 21463 $7,249,000 $945 5 $7,249,000 08/23/18

NEWLY PENDING/IN ESCROW THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
1633 Cataluna Place 5/3 2414 7200 $1,750,000 $725 39 $1,799,000 07/20/18
28220 Highridge Road 211 2/2 1327 0 $749,000 $564 71 $799,900 06/18/18
2112 Via Rivera 4/5 3113 11882 $2,350,000 $755 11 $2,350,000 08/17/18
26688 Crenshaw Boulevard 4/4 3450 25136 $1,979,000 $574 116 $2,199,000 04/30/18
26206 Grayslake Road 4/2 1890 12381 $1,199,000 $634 24 $1,299,000 08/03/18
5850 Finecrest Drive 4/2 1670 13246 $1,175,000 $704 17 $1,175,000 08/10/18
6021 Mossbank Drive 4/2 1889 8453 $1,599,000 $846 27 $1,599,000 07/31/18
1300 Mount Rainier Road 4/2 2100 5786 $999,000 $476 95 $1,050,000 05/24/18
8 Via La Rocca 5/5 4632 10255 $2,088,000 $451 32 $2,088,000 07/20/18
6150 Arrowroot Lane 3/2 1658 14651 $1,450,000 $875 17 $1,450,000 08/10/18
74 Eastfield Drive 4/6 4000 72494 $3,399,000 $850 227 $3,925,000 01/12/18
30130 Avenida Tranquila 5/5 4487 17113 $1,995,000 $445 84 $2,189,000 06/04/18
1812 Dalton Road 4/2 2485 7430 $1,698,000 $683 77 $1,799,000 06/11/18
27919 Ridgebrook Court 3/3 1562 272662 $765,000 $490 9 $765,000 08/13/18
12 Hillcrest Meadows 3/3 2567 11438 $1,399,000 $545 87 $1,499,000 06/01/18
28420 Pontevedra Drive 4/2 1928 13232 $895,000 $464 3 $895,000 08/15/18
21 Martingale Drive 4/3 3635 23392 $1,130,000 $311 21 $1,130,000 08/06/18
2213 Via Acalones 3/3 2610 12854 $1,750,000 $670 150 $2,200,000 03/30/18

NEW CLOSED SALES THIS WEEK

ADDRESS BD/BA SQFT LOT SOLD PRICE $PSF DOM START $ CLOSED
1902 Trudie Drive 3/1 1084 5450 $745,000 $687 42 $779,000 08/28/18
35 Via Del Cielo 6/8 7220 27509 $5,700,000 $789 98 $6,598,000 08/28/18
1972 Caddington Drive 5/4 2956 10163 $1,200,000 $406 8 $1,165,000 08/28/18
3610 W Estates Lane D 3/3 1722 199134 $711,000 $413 12 $690,000 08/27/18
5320 Ironwood Street 3/2 1479 9121 $850,000 $575 124 $1,099,000 08/27/18
1018 Estrella Del Mar 2/2 1895 0 $860,000 $454 103 $981,109 08/24/18
5965 Peacock Ridge Road 201 2/2 1249 43075 $500,000 $400 19 $395,000 08/24/18
27612 Avenida Del Mesa 4/2 1790 7762 $846,000 $473 20 $839,900 08/24/18
1505 Via Fernandez 6/7 7194 18822 $4,500,000 $626 3 $4,500,000 08/23/18
6508 Nancy Road 4/4 3132 10116 $1,350,000 $431 56 $1,438,000 08/23/18

NEW PRICE CUTS THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
2822 Colt Road 5/8 7500 41559 $4,595,000 $613 106 $5,500,000 05/14/18
2357 Palos Verdes Drive 8 2/2 1340 10667 $769,000 $574 77 $799,000 06/12/18
6968 Alta Vista Drive 6/6 4865 22451 $2,798,000 $575 130 $2,920,000 08/15/17
1606 Espinosa Circle 4/4 4219 10928 $3,985,000 $945 74 $4,385,000 06/14/18
6007 Woodfern Drive 5/5 6480 32919 $2,950,000 $455 32 $3,200,000 07/27/18
82 Cresta Verde Drive 4/3 2094 491349 $920,000 $439 35 $935,000 07/23/18
4115 Miraleste Dr. 4/3 3193 8501 $1,468,000 $460 29 $1,648,900 07/29/18
2568 Colt Road 4/4 2191 22005 $1,179,000 $538 7 $1,199,000 08/21/18
27760 Palos Verdes Drive 6/6 4360 24184 $1,850,000 $424 119 $1,995,000 04/27/18
28621 Leacrest Drive 5/3 2212 8897 $1,575,000 $712 19 $1,590,000 08/08/18
2508 Via Pinale 3/4 2402 5336 $1,999,000 $832 38 $2,199,000 07/20/18
1216 Via Zumaya 4/5 3867 22395 $2,128,000 $550 70 $2,250,000 06/18/18
3 Mustang Road 4/5 5064 18021 $2,295,000 $453 120 $2,695,000 04/29/18
5 Reata Lane 3/3 2257 53990 $1,845,000 $817 304 $1,995,000 10/27/17

 

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