1502 Paseo La Cresta, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 6 bed, 6 bath

1502 Paseo La Cresta, Palos Verdes Estates, California 90274 home-pic-0
ACTIVE$7,999,999
1502 Paseo La Cresta, Palos Verdes Estates, California 90274
6Beds
6Baths
7,556Sqft
31,236Lot
Year Built
2000
Close
-
List price
$8M
Original List price
$8M
Price/Sqft
$1,059
HOA
-
Days on market
-
Sold On
-
MLS number
OC25111367
Home ConditionExcellent
Features
Excellent View: Park/Greenbelt, Ocean, Panoramic
Deck
Pool
Spa
Patio
ViewPark/Greenbelt, Ocean, Panoramic

About this home

We found 3 Cons,7 Pros. Rank: price - $8.00M(96th), sqft - 7556(98th), beds - 6(94th), baths - 6(93th).

Privately situated in one of Montemalaga’s most exclusive enclaves. This elegant tennis estate with sweeping ocean views delivers a rare blend of luxury and privacy. Step through the private gates into a majestic foyer featuring a sweeping double staircase and a soaring domed ceiling. Creating an ambiance of elegance from the start, the main level includes a step-down formal living room with rich wood floors. Framing stunning ocean views, the oversized windows are paired with an elegant, carved wood fireplace. With refined stone floors, rich moldings, and tailored built-in cabinetry, this space is designed for effortless, elegant entertaining. At the heart of the home, the gourmet kitchen impresses with a substantial stone island and luxury appliances—including an oversized Sub-Zero fridge, Viking 6-burner range, 3 Thermador ovens, dual dishwashers, a warming drawer, and a spacious butler’s pantry. Blending style and function, the kitchen flows into a sunken family room with a charming fireplace and curved windows, and a bright breakfast room that leads to a lush backyard escape. The backyard is designed for entertaining and relaxation, complete with a pool, spa, cozy gathering spaces with fireplaces and fountains, a newly added bar and built-in barbecue. For tennis lovers, the estate features a court with a spectator area, perfectly positioned to take in both the action and sweeping ocean scenery. Upstairs, the expansive primary suite offers breathtaking views, an attached office or additional bedroom, and a private balcony for relaxing and enjoying the scenery. The primary bathroom serves as a luxurious sanctuary, boasting a generous spa tub, steam sauna shower, and a meticulously rebuilt closet 2 years ago ,cost $80K featuring a premium custom organization system. Host unforgettable gatherings in the game room, complete with a coffered ceiling, built-in bar, and a concealed drop-down screen—all set against a backdrop . On the lower level, a private guest suite with its own entrance offers exceptional comfort and privacy for visitors. Wine connoisseurs will be drawn to the impressive wine room, adorned with custom wood paneling, a pool table, and elegant display cabinetry. Located within a premier school district, with top-rated schools scoring 9-9-10, offering exceptional educational opportunities for all grade levels.

Nearby schools

10/10
Montemalaga Elementary School
Public,K-50.5mi
9/10
Vista Grande Elementary School
Public,K-51.0mi
9/10
Silver Spur Elementary School
Public,K-51.3mi
7/10
Lunada Bay Elementary School
Public,K-51.6mi
9/10
Palos Verdes Intermediate School
Public,6-81.0mi
9/10
Ridgecrest Intermediate School
Public,6-81.7mi
8/10
Palos Verdes High School
Public,9-121.3mi
10/10
Palos Verdes Peninsula High School
Public,9-121.4mi

Price History

Date
Event
Price
12/28/01
Sold
$1,250,000
03/01/01
Sold
$4,600,000
Condition Rating
Excellent

Despite being built in 2000, this property presents in excellent condition due to extensive recent updates and high-end features. The gourmet kitchen boasts luxury appliances (Sub-Zero, Viking, Thermador) and a substantial stone island, indicating top-tier quality. The primary bathroom is a luxurious sanctuary with a spa tub and steam sauna shower, complemented by a meticulously rebuilt closet just two years ago at a cost of $80K. The property features rich wood and refined stone floors, elegant light fixtures, and is impeccably maintained throughout, with no signs of deferred maintenance. The recent significant investment in key areas like the primary suite and outdoor amenities (new bar and built-in barbecue) elevates its condition to virtually new in terms of quality and functionality, meeting current luxury standards.
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 = 31236, living area = 7556.
Great Schools: Elementary School: Montemalaga Elementary School (10/10). Middle School: Palos Verdes Intermediate School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Panoramic Ocean Views & Exclusive Location: The property offers sweeping ocean views from multiple rooms and is privately situated within Montemalaga's highly exclusive and desirable enclave.
Exceptional Outdoor Entertainment & Recreation: The estate features a resort-style backyard with a pool, spa, multiple gathering spaces with fireplaces and fountains, a newly added bar, built-in barbecue, and a private tennis court with a spectator area.
Gourmet Chef's Kitchen: The heart of the home boasts a state-of-the-art gourmet kitchen with a substantial stone island, luxury appliances (Sub-Zero, Viking, Thermador), dual dishwashers, warming drawer, and a spacious butler's pantry.
Luxurious Primary Suite with Recent Upgrades: The expansive primary suite provides breathtaking views, a private balcony, a spa tub, steam sauna shower, and a meticulously rebuilt custom closet (costing $80K two years ago).
Extensive Interior Entertainment & Guest Facilities: Dedicated spaces include a game room with a built-in bar and drop-down screen, an impressive wine room with custom paneling and a pool table, and a private guest suite with its own entrance.

Cons

Potential for High Operating Costs: The extensive array of luxury amenities, including a pool, spa, and tennis court, will likely result in significant ongoing maintenance and utility expenses.
Lack of Explicit Central Air Conditioning: The property description does not explicitly mention a central air conditioning system, which could be a notable omission for a luxury estate of this caliber, potentially impacting comfort during warmer periods.
Traditional Architectural Style: Built in 2000, the property's 'sweeping double staircase and soaring domed ceiling' and 'carved wood fireplace' suggest a more traditional architectural style that may not appeal to all luxury buyers seeking contemporary or minimalist designs.

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