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$7,995,000
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
$8.5M
Price/Sqft
$1,058
HOA
-
Days on market
-
Sold On
-
MLS number
PV25020681
Home ConditionGood
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).

In Montemalaga’s most prestigious enclave, where true wealth is measured by elegance & enduring quality, this ocean-view tennis estate stands as a testament to timeless grandeur. Behind private gates, a sweeping drive leads to a supreme masterpiece. Step into the grand foyer - framed by a double spiral staircase and domed skylight - sets the tone for a home built with precision and artistry. The formal living room, with its luxuriant wood floors, soaring windows framing the Pacific, and an ornately carved fireplace, exudes refinement. A formal dining room, anchored by a cozy fireplace, showcases thick moldings, stone flooring & built-in cabinetry -designed to entertain with grace. The kitchen is a chef’s sanctuary, centered around a commanding island and include a casual dining area. Every element, from the oversized Sub-Zero refrigerator to the Viking range and trio of Thermador ovens, speaks to a commitment to excellence. A sunlit breakfast room opens to the backyard, while the adjacent family room offers seamless access to a fire pit lounge and an outdoor BBQ and bar. A main floor guest suite ensures visitors experience both hospitality and seclusion. ON THE UPPER LEVEL, the primary suite is an opulent sanctuary, boasting breathtaking ocean views, a grand fireplace, private balcony, a Hollywood-inspired closet, and an adjoining office/bedroom suite. The spa-like bath features a deep soaking tub & steam sauna shower. Additional bedrooms, each impeccably appointed, provide comfort without ostentation. For the true connoisseur of leisure, the estate offers an entertainment room with a wet bar, coffered ceiling & a concealed drop-down screen, all framed by sweeping ocean vistas. A wine room, adorned with rich wood cabinets, paneling and a pool table, offers the perfect setting to savor the finest vintages. Outdoors, resort-like amenities abound: a saltwater pool & spa, multiple lounge areas, fireplace, heat lamps & fountain, and an outdoor BBQ/bar/dining area unfold in effortless sophistication. The championship tennis court, recently resurfaced, features a viewing terrace against an endless ocean horizon. Winding, lighted pathways lead through hidden vegetable gardens, offering a quiet homage to a life well-lived. With rich wood floors, handcrafted cabinetry, 6 fireplaces, arched doorways & intricate stonework, this estate is a statement of timeless grandeur—a rare opportunity to own a true legacy of refinement and grace.

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
Good

Built in 2000, this luxury estate showcases 'timeless grandeur' and 'enduring quality,' indicating meticulous maintenance. The kitchen features high-end Sub-Zero, Viking, and Thermador appliances, while the primary bath is spa-like with a deep soaking tub and steam sauna shower. Rich wood and stone flooring, handcrafted cabinetry, and multiple fireplaces contribute to its luxurious appeal. Although 24 years old, the property is move-in ready with no immediate renovations required, and major systems are implied to be well-maintained. The recently resurfaced tennis court highlights ongoing upkeep. While not newly built or extensively renovated within the last 5 years, its exceptional condition and high-quality features align perfectly with the 'Good' rating criteria for a well-maintained, high-end property.
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 & Prestigious Location: Situated in Montemalaga’s most prestigious enclave, the estate offers breathtaking panoramic ocean views from multiple vantage points, including the living room, primary suite, entertainment room, and tennis court viewing terrace.
Resort-like Outdoor Amenities: The property boasts an array of luxurious outdoor features, including a championship tennis court, saltwater pool & spa, multiple lounge areas, an outdoor fireplace, heat lamps, fountain, and a fully equipped BBQ/bar/dining area.
Gourmet Chef's Kitchen: The kitchen is a true chef's sanctuary, centered around a commanding island and outfitted with top-of-the-line appliances such as an oversized Sub-Zero refrigerator, Viking range, and trio of Thermador ovens, ensuring culinary excellence.
Luxurious Primary Suite & Exquisite Interior Finishes: The opulent primary suite features ocean views, a grand fireplace, private balcony, Hollywood-inspired closet, and a spa-like bath with a deep soaking tub and steam sauna shower. Throughout the home, rich wood floors, handcrafted cabinetry, 6 fireplaces, arched doorways, and intricate stonework showcase exceptional craftsmanship.
Extensive Entertainment & Recreational Spaces: Designed for lavish entertaining, the estate includes a dedicated entertainment room with a wet bar and concealed drop-down screen, a sophisticated wine room with a pool table, and a fire pit lounge, offering diverse leisure options.

Cons

Property Age: Built in 2000, while well-maintained and featuring timeless design, the property is not a new construction, which might lead some luxury buyers to consider certain systems or aesthetics potentially dated compared to more recently built estates.
High Ongoing Maintenance & Operating Costs: The extensive luxury amenities, including a championship tennis court, large saltwater pool/spa, multiple fireplaces, and elaborate landscaping, inherently suggest significant ongoing maintenance, utility, and potential staffing costs.
Absence of Explicit Smart Home Integration: The description does not mention integrated smart home technology (e.g., automated lighting, climate control, security systems), which is a common expectation in high-end properties of this caliber, potentially requiring future investment for tech-savvy buyers.

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