122 Spindrift Lane, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 2 bed, 2 bath
ACTIVE$4,000,000
122 Spindrift Lane, Rancho Palos Verdes, California 90275
2Beds
2Baths
1,159Sqft
4,560Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: High School: Palos Verdes Peninsula High School (10/10).
Top Cons:
Documented Land Movement Damages: The property has known 'minor land movement damages' for which remediation plans have been submitted, indicating potential structural issues and significant repair costs.
Compared to the nearby listings
Price:$4.00M vs avg $1.90M (+$2,100,000)96%
Size:1,159 sqft vs avg 2,383 sqft2%
Price/sqft:$3.5K vs avg $79399%
More Insights
Built in 1950 (75 years old).
Condition: Built in 1950, this property is explicitly stated to require 'extensive renovation' and 'structural repairs' due to 'minor land movement damages.' It is being sold 'as-is,' placing the full burden of significant repairs on the buyer. While no interior images are provided for the kitchen and bathrooms, given the age and documented structural issues, these areas are undoubtedly outdated and in need of complete replacement, aligning with a property requiring substantial rehabilitation.
Year Built
1950
Close
-
List price
$4M
Original List price
$2.6M
Price/Sqft
$3,451
HOA
$395
Days on market
-
Sold On
-
MLS number
SW25001560
Home ConditionPoor
Features
Excellent View: Ocean, Water
ViewOcean, Water
About this home
Location, location, location. Oceanfront beach house in Portuguese Bend Beach Club (PBC). There are 180 degree views of the ocean directly out your living room window, and you can also see Catalina. No homes are located in front of you, just beach and ocean. Watch dolphins and surfers from your living room. PBC is a private beach and gated oceanfront community. This property is truly spectacular!!! Plans to remodel and fix minor land movement damages have been submitted to the city. House will be sold as-is. Portuguese Bend Beach Club is a private, gated community with amazing homeowner amenities. Come see for yourself. It just doesn’t get any better!!!
Nearby schools
8/10
Mira Catalina Elementary School
Public,•K-5•1.5mi
8/10
Dapplegray Elementary School
Public,•K-5•4.7mi
8/10
Miraleste Intermediate School
Public,•6-8•2.1mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•3.1mi
8/10
Palos Verdes High School
Public,•9-12•4.7mi
Price History
Date
Event
Price
03/03/95
Sold
$550,000
07/07/22
Sold
$3,000,000
Condition Rating
Poor
Built in 1950, this property is explicitly stated to require 'extensive renovation' and 'structural repairs' due to 'minor land movement damages.' It is being sold 'as-is,' placing the full burden of significant repairs on the buyer. While no interior images are provided for the kitchen and bathrooms, given the age and documented structural issues, these areas are undoubtedly outdated and in need of complete replacement, aligning with a property requiring substantial rehabilitation.
Pros & Cons
Pros
Great Schools: High School: Palos Verdes Peninsula High School (10/10).
Unrivaled Oceanfront Location: Direct oceanfront access within the exclusive Portuguese Bend Beach Club, offering unparalleled proximity to the beach and sea with no homes directly in front.
Panoramic Ocean & Catalina Views: Boasts 180-degree unobstructed views of the Pacific Ocean and Catalina Island directly from the living room, a highly desirable and value-driving feature.
Exclusive Gated Community: Membership in the private, gated Portuguese Bend Beach Club provides enhanced security, privacy, and access to unique homeowner amenities.
Top-Tier School District: Located within a highly-rated school district, appealing to families seeking excellent educational opportunities for elementary, middle, and high school.
Lifestyle & Wildlife Observation: Opportunity to watch dolphins and surfers directly from the living room, offering a unique and desirable coastal lifestyle experience.
Cons
Documented Land Movement Damages: The property has known 'minor land movement damages' for which remediation plans have been submitted, indicating potential structural issues and significant repair costs.
Sold 'As-Is' Condition: Being sold strictly 'as-is' places the full burden and financial risk of all necessary repairs, including the land movement issues and a full remodel, squarely on the buyer.
Extensive Renovation Required: Built in 1950 and requiring a full remodel in addition to structural repairs, the property demands a substantial upfront and ongoing investment from the buyer beyond the purchase price.