121 Via Ardilla, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 3 bed, 2 bath

121 Via Ardilla, Palos Verdes Estates, California 90274 home-pic-0
ACTIVE$2,100,000
121 Via Ardilla, Palos Verdes Estates, California 90274
3Beds
2Baths
1,911Sqft
7,789Lot
Year Built
1949
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
$1,099
HOA
-
Days on market
-
Sold On
-
MLS number
SB25244824
Home ConditionTear down
Features
Patio
ViewPark/Greenbelt, Neighborhood

About this home

Possibly Over-Priced:The estimated price is 24% below the list price. We found 3 Cons,7 Pros. Rank: price - $2.10M(22th), sqft - 1911(16th), beds - 3(32th), baths - 2(28th).

Located in the heart of “The Grove” in the highly desirable and conveniently located Valmonte community of Palos Verdes Estates. This property has Planning Commission and Art Jury approved Plans, elegantly designed by Lane Build Design, to build a gorgeous, functional, approximately 3434 square foot 4 Bedroom, 4 Bath new home on this 7,791 square foot lot. In the interim, this home highlights a charming and quaint, 3 Bedroom, 2 Bath Courtyard home with a naturally light and bright living room featuring a warm and cozy brick fireplace, built-in bookshelf, an interior brick courtyard with a secret staircase to the backyard, dining area, functional kitchen, an additional room that could be a family room, office or fourth bedroom, two main level bedrooms, original hardwood floors, downstairs is a spacious third bedroom, laundry room, and an attached two car garage. Enjoy this home now and build later or take advantage of the seller's significant investment and close to two year process and build your Dream Home now!! Savor the Best of ALL Worlds and the wonderful Valmonte lifestyle, whether riding bikes or strolling along the ocean, hiking on one of the local trails with spectacular views, fun and sun at the local beaches, or at the PV Golf Club, PV Beach and Athletic Club, PV Tennis Club, dining or shopping in Malaga Cove, Lunada Bay or Hollywood Riviera, this quintessential charmer and special community is truly Southern California living at it's Finest!!

Nearby schools

8/10
Riviera Elementary School
Public,K-50.4mi
8/10
Edward J. Richardson Middle School
Public,6-80.8mi
9/10
Palos Verdes Intermediate School
Public,6-82.7mi
9/10
South High School
Public,9-120.9mi
8/10
Palos Verdes High School
Public,9-122.8mi

Price History

Date
Event
Price
10/31/25
Listing
$2,100,000
10/22/14
Sold
$1,162,000
Condition Rating
Tear down

Built in 1949, the property features an extremely dated kitchen with old appliances and countertops, and a bathroom with distinct green fixtures and wallpaper, indicating no major renovations in many decades. The listing itself emphasizes approved plans for a new 3434 sqft home and describes the current 1911 sqft structure as 'interim,' suggesting its value is primarily in the land and its redevelopment potential, aligning with the 'tear-down' classification for its highest and best use, despite being technically functional.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7789, living area = 1911.
Great Schools: Middle School: Palos Verdes Intermediate School (9/10). High School: South High School (9/10).
Approved Development Plans: The property comes with Planning Commission and Art Jury approved plans for a new 3434 sqft, 4-bedroom, 4-bath home, significantly de-risking and accelerating future development.
Prime Location & Community: Situated in the highly desirable 'The Grove' area within the Valmonte community of Palos Verdes Estates, offering convenience and prestige.
Seller's Investment & Time Savings: The seller's significant two-year investment in securing approved plans provides a substantial advantage, saving the buyer considerable time and effort in the development process.
Desirable Lifestyle & Amenities: Residents can enjoy a quintessential Southern California lifestyle with access to ocean activities, hiking trails, beaches, golf, tennis clubs, and upscale dining/shopping in nearby areas.
Excellent School District: Located within the Palos Verdes Peninsula Unified School District, with highly-rated elementary, middle, and high schools nearby, appealing to families.

Cons

Significant Price Discrepancy: The listing price of $2.1 million is substantially higher than the estimated property value of $1.69 million, indicating a premium largely attributed to the development potential rather than the existing structure.
Age and Condition of Existing Home: Built in 1949, the current 3-bedroom, 2-bath home is described as 'charming and quaint' and 'interim,' suggesting it may require significant modernization or demolition to realize the property's full potential.
Additional Investment Required: While plans are approved, the buyer will still need to undertake the substantial financial and time investment of constructing the new 3434 sqft home.

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