121 Via Ardilla, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 3 bed, 2 bath
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Palos Verdes Estates, California 90274
This Development-Ready Residential Asset is listed at $2,125,000, reflecting the significant value of its Planning Commission and Art Jury approved plans for a 3,434 sq. ft. luxury home. While the $2,039,415 Fair Market Value represents the current Vintage Condition residence, the property offers a rare shortcut through the complex two-year entitlement process. Located in the elite Palos Verdes Peninsula Unified School District near the PV Golf Club, this lot provides a functional home to occupy during the pre-construction phase. This is a strategic acquisition for Owner-Builders or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 Via Ardilla Subject | $2,125,000* List Price | 3 | 2 | 1,911 | $1,110 | - |
A 3401 Paseo Del Campo Sold | $2,350,000 | 3 | 2 | 1,998 | $1,176 | 0.4 mi |
B 4408 Via Pinzon Active | $2,199,000 List Price | 3 | 2 | 1,811 | $1,214 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1949, this 'vintage' home is well-maintained and functional but significantly outdated. While it features original hardwood floors and fresh interior paint, the kitchen contains older white appliances and cabinetry that lack modern updates. The property is clean and livable, but the inclusion of approved plans for a complete rebuild suggests the current structure and systems are aged and primarily hold value as a transitional residence or for the land.
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.
Middle School: Palos Verdes Intermediate School (9/10). High School: South High School (9/10).
The property includes Planning Commission and Art Jury approved plans for a new 3,434 sq. ft. home, saving the buyer a significant two-year entitlement process.
Built in 1949, the current structure is in 'vintage' condition and may require immediate maintenance or upgrades if the new plans are not executed promptly.
The list price reflects the value of the land and plans; the buyer will need substantial additional liquidity to fund the construction of the proposed 3,434 sq. ft. residence.
To maximize the property's value, the buyer must be willing to manage a major development project, which involves inherent risks, noise, and time investment.
Nestled in the heart of “The Grove” in the highly desirable and conveniently located Valmonte neighborhood 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 Vintage Courtyard home highlights a charming and quaint, 3 Bedroom, 2 Bath 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, an additional room that could be a formal dining room, family room, lounge area or office, a functional kitchen, two main level bedrooms, original hardwood floors, downstairs is a spacious third bedroom, bathroom, laundry area, 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 you are an avid golfer, tennis or pickleball player, workout enthusiast, jogger or walker, or you enjoy riding bikes, surfing or strolling along the ocean or having fun in the sun at one of the local beaches, hiking on one of the local trails with spectacular views, or just like to hang at the PV Golf Club, PV Beach and Athletic Club, PV Tennis Club, or you prefer dining and shopping in the Hollywood Riviera, Malaga Cove, Lunada Bay or Silver Spur Town & Country Center, this quintessential charmer and special community is truly Southern California living at its Finest!!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.8 mi
Grades 6-8 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 25% |
| Baths | 2.0 | 3.0 | 20% |
| Square foot | 1,911 | 2,947 | 15% |
| Lot Size | 7,789 | 14,743 | 16% |
| Price | $2.12M | $2.50M | 27% |
| Price per sq ft | $1.1K | $964 | 71% |
| Built year | 1949 | 1962 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 173 | 173 | 52% |
Dec 21, 2025
$2,125,000
$2,100,000
+1% Price Increase
Initial Listing
Oct 31, 2025
$2,100,000
Initial Listing
Oct 22, 2014
$1,162,000
Public Record