2521 Novato Place, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 3 bed, 3 bath

2521 Novato Place, Palos Verdes Estates, California 90274 home-pic-0
ACTIVE$6,780,000
2521 Novato Place, Palos Verdes Estates, California 90274
3Beds
3Baths
3,586Sqft
65,179Lot
Year Built
1955
Close
-
List price
$6.78M
Original List price
$6.78M
Price/Sqft
$1,891
HOA
-
Days on market
-
Sold On
-
MLS number
OC25024075
Home ConditionPoor
Features
Excellent View: City Lights, Coastline, Panoramic
Pool
Patio
ViewCity Lights,Coastline,Panoramic

About this home

We found 3 Cons,7 Pros. Rank: price - $6.78M(96th), sqft - 3586(77th), beds - 3(32th), baths - 3(50th).

A sprawling custom-built home on an exceptional property with breathtaking views is being offered in the prestigious Montemalaga area of Palos Verdes Estates! It features a large living room, a round brick castle tower room, three bedrooms (actually four… one is a walkthrough that could be used as an art studio or nursery etc..), three baths, a split-level office/den over a wet bar, two dining areas and a separate entertainment/bonus room. This single-story ranch-style residence has remarkable brick and woodwork construction. Outside, there is a pool, built-in grill, and patio that shares the view. All this sits at the end of a cul-de-sac, giving it great privacy. A large circular driveway brings you up to a three-car garage with a workspace and plenty of parking. This lot is extremely rare and unique. It is over 65,000 square feet, almost 1.5 acres, allowing one to build a large footprint new construction home if desired. Another reason to purchase this property is simply the view! Amazing and unblocked, this view looks at the Queen’s Necklace, downtown Los Angeles and the So-fi center, and the coastline from Redondo up toward Malibu and further west and all the way back across to Long Beach and further to the east with mountains in the distance. This area is desirable for many reasons: schools, safety, areas like Malaga Cove and the beach nearby, access to the LA basin, and fine living. Come see this once-in-a-lifetime opportunity!

Nearby schools

10/10
Montemalaga Elementary School
Public,K-50.5mi
9/10
Silver Spur Elementary School
Public,K-50.6mi
9/10
Vista Grande Elementary School
Public,K-51.6mi
7/10
Lunada Bay Elementary School
Public,K-52.4mi
9/10
Ridgecrest Intermediate School
Public,6-81.6mi
9/10
Palos Verdes Intermediate School
Public,6-81.8mi
10/10
Palos Verdes Peninsula High School
Public,9-120.9mi
8/10
Palos Verdes High School
Public,9-122.1mi
Condition Rating
Poor

Built in 1955, this property shows significant signs of age with no apparent major renovations in decades. The kitchen features extremely dated white appliances, old cabinets, and worn countertops and flooring, necessitating a complete gut renovation. Bathrooms are severely outdated with mid-century colored tiles (pink, yellow), old vanities, and fixtures, also requiring full modernization. The interior is characterized by heavily patterned, worn carpets, extensive wood paneling, and dated light fixtures throughout. While the structure appears livable, its interior components are functionally and aesthetically obsolete, requiring substantial rehabilitation to meet current standards. The listing itself highlights the property's large lot and potential for new construction, suggesting the existing home's value is secondary to the land.
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 = 65179, living area = 3586.
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 Views: The property boasts amazing and unblocked panoramic views of the Queen’s Necklace, downtown Los Angeles, the So-fi center, the coastline from Redondo to Malibu, Long Beach, and distant mountains, significantly enhancing its appeal and value.
Exceptional Lot Size & Development Potential: An extremely rare and unique lot spanning over 65,000 square feet (almost 1.5 acres) offers significant potential for building a large footprint new construction home or expanding the existing residence.
Prestigious Location & Privacy: Located in the highly desirable Montemalaga area of Palos Verdes Estates, at the end of a cul-de-sac, providing excellent privacy and access to top-rated schools, safety, and local amenities like Malaga Cove and the beach.
Extensive Outdoor Amenities: The exterior features a private pool, built-in grill, and patio area, all sharing the breathtaking views, complemented by a large circular driveway and a three-car garage with a dedicated workspace.
Unique Architectural Character: A custom-built, single-story ranch-style residence showcasing remarkable brick and woodwork construction, including a distinctive round brick castle tower room and a split-level office/den, offering unique charm.

Cons

Age of Property & Potential for Extensive Renovation: Built in 1955, the existing structure, while custom, may require substantial investment for modernization or a complete rebuild to align with current luxury market expectations, despite its unique character.
Non-Traditional Bedroom Configuration: One of the four bedrooms is described as a 'walkthrough' space, which could compromise privacy and limit its utility as a conventional sleeping area, potentially requiring creative use or modification.
Absence of Mentioned Modern Systems/Amenities: The property description highlights original character and exterior amenities but lacks details on modern interior systems (e.g., updated HVAC, smart home technology, energy efficiency upgrades), which might imply additional future investment.

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