1520 Paseo La Cresta, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 5 bed, 5 bath

1520 Paseo La Cresta, Palos Verdes Estates, California 90274 home-pic-0
ACTIVE$2,850,000
1520 Paseo La Cresta, Palos Verdes Estates, California 90274
5Beds
5Baths
5,319Sqft
33,532Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Situated in one of Palos Verdes Estates' most coveted locations, offering prestige and high desirability.
Top Cons:
Requires Significant Additional Investment: The listed price is for the lot and plans; substantial construction costs are required to complete the home, which are not included.

Compared to the nearby listings

Price:$2.85M vs avg $2.53M (+$316,000)59%
Size:5,319 sqft vs avg 2,830.5 sqft92%
Price/sqft:$536 vs avg $9802%

More Insights

Built in 2025 (0 years old).
Condition: This listing is for a vacant lot with approved plans for a new construction home, indicated by 'Year Built: 2025' and the description 'opportunity to build your dream home.' There is no existing structure to assess for condition, kitchen, bathrooms, or other features. The property's value is based solely on the land and its potential for redevelopment, which aligns with the 'Tear-down' category's definition regarding land value and redevelopment potential, despite there being no existing structure to demolish.
Year Built
2025
Close
-
List price
$2.85M
Original List price
$2.85M
Price/Sqft
$536
HOA
-
Days on market
-
Sold On
-
MLS number
PV25152700
Home ConditionTear down
Features
Excellent View: Ocean, Panoramic
ViewOcean, Panoramic

About this home

A rare opportunity to build your dream home in one of Palos Verdes Estates' most coveted locations. This 33,532 sq. ft. lot comes with plans for a striking 5,319 sq. ft. single-level modern coastal residence, plus basement and 3-car garage. Designed for both elegance and efficiency, the 5-bedroom, 4.5-bath layout features seamless indoor-outdoor living, open-concept spaces, and unobstructed Pacific Ocean views from the north and east elevations. The architectural design incorporates sustainable principles, including passive cooling via dramatic butterfly roofs and drought-tolerant landscaping. The private rear garden is envisioned with a resort-style pool, fire pit, outdoor dining, vegetable beds, and elegant Corten steel accents. Native trees and plantings are thoughtfully positioned to maximize privacy without compromising views. Elevator-ready and designed with modern living in mind, this is a build-ready opportunity for an end-user or a developer seeking a showcase project. 1520 Paseo La Cresta – where luxury vision meets coastal perfection.

Nearby schools

7/10
Lunada Bay Elementary School
Public,K-51.2mi
10/10
Montemalaga Elementary School
Public,K-51.3mi
9/10
Vista Grande Elementary School
Public,K-51.3mi
9/10
Point Vicente Elementary School
Public,K-52.1mi
9/10
Silver Spur Elementary School
Public,K-52.3mi
9/10
Palos Verdes Intermediate School
Public,6-80.7mi
9/10
Ridgecrest Intermediate School
Public,6-82.5mi
8/10
Palos Verdes High School
Public,9-120.4mi
10/10
Palos Verdes Peninsula High School
Public,9-122.4mi
Condition Rating
Tear down

This listing is for a vacant lot with approved plans for a new construction home, indicated by 'Year Built: 2025' and the description 'opportunity to build your dream home.' There is no existing structure to assess for condition, kitchen, bathrooms, or other features. The property's value is based solely on the land and its potential for redevelopment, which aligns with the 'Tear-down' category's definition regarding land value and redevelopment potential, despite there being no existing structure to demolish.
Pros & Cons

Pros

Prime Location: Situated in one of Palos Verdes Estates' most coveted locations, offering prestige and high desirability.
Unobstructed Ocean Views: Features panoramic Pacific Ocean views from multiple elevations, a premium and highly sought-after amenity.
Large, Pre-Approved Development Opportunity: A substantial 33,532 sq. ft. lot comes with pre-designed plans for a 5,319 sq. ft. luxury residence, significantly streamlining the build process.
Modern & Sustainable Architectural Design: Plans incorporate elegant, efficient, and sustainable modern coastal architecture with desirable features like seamless indoor-outdoor living and passive cooling.
High-End Lifestyle Potential: The proposed design includes resort-style amenities such as a pool, fire pit, and outdoor dining, promising a luxurious future living experience.

Cons

Requires Significant Additional Investment: The listed price is for the lot and plans; substantial construction costs are required to complete the home, which are not included.
Extended Timeline for Completion: As a build-ready opportunity, the property requires a lengthy construction period before it becomes a habitable residence.
Construction Management & Risk: The buyer will be responsible for managing the construction process, which carries inherent risks of delays, budget overruns, and complexities.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state