2329 Via Olivera, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 6 bed, 5 bath
ACTIVE$2,499,000
2329 Via Olivera, Palos Verdes Estates, California 90274
6Beds
5Baths
4,221Sqft
17,637Lot
Year Built
1972
Close
-
List price
$2.5M
Original List price
$3M
Price/Sqft
$592
HOA
-
Days on market
-
Sold On
-
MLS number
PV25074328
Home ConditionPoor
Features
Excellent View: Ocean
ViewOcean
About this home
We found 3 Cons,5 Pros. Rank: price - $2.50M(46th), sqft - 4221(84th), beds - 6(94th), baths - 5(80th).
Opportunity knocks! Located on the view side of a 17,600 square foot, panoramic ocean view lot in Lunada Bay, this 4,200+ square foot home is ready for your personal touch! Set back off the street, with a huge walled in front yard, the possibilities are endless. High ceilings, walls of glass looking out to the ocean, a long driveway leading to the huge 3-car garage, all located on an oversized, street to street lot. Bring your imagination…
Price History
Date
Event
Price
08/26/25
Price Change
$2,499,000-9.1%
08/09/25
Price Change
$2,750,000
04/04/25
Listing
$2,999,000
Condition Rating
Poor
Built in 1972, this property is 52 years old. The listing description explicitly states it's 'ready for your personal touch!' and to 'Bring your imagination…', which are strong indicators that the home requires substantial renovation and rehabilitation. Without interior images, it's highly probable that the kitchen, bathrooms, and other interior features are severely outdated, likely original or from a very old renovation, and do not meet current quality standards. The aerial image also suggests some deferred exterior maintenance with overgrown and unkempt landscaping. While not explicitly stated as unlivable or structurally unsound, the language points to a major overhaul project, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Panoramic Ocean Views: The property offers breathtaking panoramic ocean views from its prime location on the view side of Lunada Bay, a highly coveted feature.
Expansive Lot Size: Situated on a substantial 17,600 square foot, street-to-street lot, providing exceptional privacy and significant potential for landscaping or expansion.
Prestigious Location: Located in the highly desirable Lunada Bay area of Palos Verdes Estates, known for its exclusive community, scenic beauty, and top-rated schools.
Generous Living Space: A spacious 4,221 square foot home with 6 bedrooms and 5 bathrooms, offering ample room for a large family or luxurious living.
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price of $2.999M to $2.499M, potentially offering a compelling value opportunity.
Cons
Requires Extensive Renovation: The description explicitly states the home is 'ready for your personal touch' and requires imagination, indicating significant renovation and modernization efforts are needed.
Dated Construction (1972): Built in 1972, the property likely features original systems and finishes that may require costly updates to meet contemporary standards and preferences.
Potential for High Renovation Investment: Given the property's size and prime location, the necessary renovations to bring it to modern luxury standards could entail a substantial additional financial investment beyond the purchase price.