
Palos Verdes Estates, California 90274
Analysis of 2521 Novato Place, Palos Verdes Estates, California 90274 is currently available with a list price of $6,780,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Palos Verdes Estates Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1955, this property appears to be in mostly original condition with no evidence of significant modernization in the last 40-50 years. The interior features extremely dated patterned carpeting, heavy wood paneling, and original brickwork. The exterior shows signs of deferred maintenance, specifically a heavily cracked and weathered driveway and an aging wood-shake roof. While the structure is intact, the kitchen, bathrooms, and major systems likely require a total overhaul to meet current standards, a fact supported by the listing's emphasis on the land's 'potential for new construction' and 'future expansion.'
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 65179, living area = 3586.
Elementary School: Montemalaga Elementary School (10/10). Middle School: Palos Verdes Intermediate School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property boasts unobstructed, world-class views of the Queen’s Necklace, downtown Los Angeles, SoFi Stadium, and the coastline, providing immense aesthetic and market value.
Built in 1955, the existing ranch-style home likely requires significant modernization or a complete rebuild to meet the expectations of today’s luxury buyers.
The current floor plan includes a 'walkthrough room' and older architectural configurations that may lack the open-concept flow desired in modern high-end real estate.
Given the $6.88M entry price, the additional capital required for a high-end renovation or new construction represents a substantial total investment for a developer or end-user.
Perched at the end of a quiet cul-de-sac in one of Palos Verdes Estates’ most desirable hillside settings, this custom-built single-story residence is situated on an exceptionally large lot of over 65,000 square feet (approx. 1.5 acres). The property offers expansive, unobstructed panoramic views encompassing the Queen’s Necklace, downtown Los Angeles skyline, SoFi Stadium, the coastline from Redondo Beach toward Malibu, and extending east to Long Beach with mountains beyond. The existing ranch-style home features thoughtful brick and wood craftsmanship throughout and includes a spacious living room, a distinctive round brick tower room, three bedrooms plus a versatile walkthrough room suitable for a variety of uses, three bathrooms, a split-level office or den overlooking a wet bar, two dining areas, and a separate bonus or entertainment room. Outdoor amenities include a pool, built-in grill, and patio designed to take full advantage of the remarkable views. A large circular driveway provides ample parking and leads to a three-car garage with additional workspace. The size and configuration of the lot offer flexibility for future expansion or potential new construction, subject to city approval. Conveniently located near award-winning Palos Verdes schools, Malaga Cove, coastal access, and with easy connectivity to the greater Los Angeles area, this property presents a rare opportunity to own a private view estate in Palos Verdes Estates.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 25% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,586 | 2,992.5 | 72% |
| Lot Size | 65,179 | 15,061 | 93% |
| Price | $6.78M | $2.60M | 96% |
| Price per sq ft | $1.9K | $965 | 98% |
| Built year | 1955 | 1962 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 174 | 20% |
Apr 6, 2026
$6,780,000
$6,880,000
-1% Price Drop
Initial Listing
Jan 22, 2026
$6,880,000
Initial Listing