
Palos Verdes Peninsula, California 90274
This Iconic Coastal View Residence is a Strong Value Opportunity, listed at $3,499,000—positioned well below the $3,759,742 Fair Market Value by 6%. This valuation gap provides $260,742 in Instant Equity. While the home holds a Well-Maintained Condition Rating, its 1948 vintage infrastructure offers significant modernization potential to match the world-class Queen’s Necklace panoramic views. Located in elite Malaga Cove within the Palos Verdes Peninsula Unified School District, this property balances prestige with investment upside. It is ideal for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1605 Via Lazo Subject | $3,250,000* List Price | 3 | 2 | 2,418 | $1,288 | - |
A 773 Via Somonte Sold | $3,700,000 | 4 | 3 | 2,332 | $1,587 | 0.4 mi |
B 628 Via Del Monte Sold | $3,110,000 | 4 | 4 | 2,762 | $1,126 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948, the home is well-maintained but significantly dated. The kitchen features newer stainless appliances but retains older cabinetry and a portable island. Bathrooms show a mix of styles, with one appearing to be a 15-20 year old renovation and the other featuring 30+ year old fixtures. The presence of older carpeting and mid-century brickwork suggests the home needs cosmetic updates and likely system modernizations to meet current luxury standards.
The property boasts rare 180-degree panoramic vistas of the coastline, city lights, and the Pacific Ocean, representing one of the most prestigious and sought-after vantage points in Southern California.
Situated in the highly desirable Malaga Cove area, the home offers a quiet, premier setting within an elite school district and close proximity to coastal amenities.
The two-level floor plan features a secondary living area with a wet bar and multiple outdoor sitting areas, providing excellent flexibility for hosting guests or multi-generational living.
Built in 1948, the residence likely requires significant modernization or cosmetic upgrades to align with contemporary luxury standards and the $3.5M price point.
With only two bathrooms serving three bedrooms and over 2,400 square feet of living space, the configuration may be seen as a drawback for families or high-end buyers.
Discover one of the most iconic vantage points among Luxury Palos Verdes homes, the highly sought-after Queen’s Necklace view where sparkling white sand beaches and the legendary The Strand Bike Path trace the coastline from the South Bay through Santa Monica and into Malibu. By day, soak in the endless blue of the Pacific Ocean; by night, watch the Los Angeles skyline come alive with dazzling city lights. Enjoy 180-degree ocean views from a quiet, premier location. Welcome to 1605 Via Lazo, a beautifully positioned 3-bedroom, 2-bathroom home offering approximately 2,418 square feet of living space on a 7,993 square foot lot. This exceptional Palos Verdes ocean view home is thoughtfully designed to capture sweeping coastal vistas from multiple vantage points, including the expansive upstairs balcony, main living room, and sunroom. The upper level features a spacious primary suite alongside a large living room, kitchen, and breakfast nook, all oriented to maximize the breathtaking views. Downstairs, a generous secondary living area with a wet bar creates an ideal setting for entertaining, complemented by two additional bedrooms perfect for family or guests. Step outside to a private backyard with tranquil sitting areas and ample space to create your ideal outdoor retreat. With its rare panoramic views, flexible floor plan, and prime setting, this property stands out among luxury homes in Palos Verdes Estates. Experience coastal living at its finest where unforgettable views, everyday comfort, and exceptional potential come together in one remarkable residence.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 20% |
| Baths | 2.0 | 4.0 | 15% |
| Square foot | 2,418 | 3,104 | 28% |
| Lot Size | 7,993 | 16,699 | 17% |
| Price | $3.25M | $2.73M | 62% |
| Price per sq ft | $1.3K | $992 | 91% |
| Built year | 1948 | 1964 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 138 | 9% |
Jun 6, 2026
$3,250,000
$3,499,000
-7% Price Drop
Initial Listing
Apr 27, 2026
$3,499,000
Initial Listing