
Palos Verdes Estates, California 90274
Analysis of 2521 Novato Place, Palos Verdes Estates, California 90274 is currently available with a list price of $5,380,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 land value only, full reconstruction required.
Built in 1955 with no evidence of renovation in over 50 years, this property is explicitly marketed as a 'rebuild' opportunity. The interior features original mid-century wood paneling, dated patterned carpeting, and wallpaper, while the exterior shows significant deferred maintenance including a heavily cracked driveway. The listing price and description emphasize the 1.5-acre lot value over the existing structure.
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 features world-class, unobstructed views of the Queen’s Necklace, Los Angeles skyline, and the coastline, providing significant long-term value and prestige.
Built in 1955, the existing ranch-style residence likely requires extensive modernization or a complete rebuild to align with contemporary luxury expectations.
With 82 days on market and a significant $1.5 million price reduction from the original listing, the property has struggled to gain immediate traction at its initial valuation.
Crown jewel property with one of the best views in Palos Verdes Estates. Approximately 1.5 acres. The best location for a rebuild at the end of the street on a cul-de-sac . 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 |
|---|---|---|
| Beds | 3.0 | 4.2 |
| Baths | 3.0 | 3.6 |
| Square foot | 3,586 | 3,325.634 |
| Lot Size | 65,179 | 10,441.61 |
| Price | $5.38M | $3.51M |
| Price per sq ft | $1.5K | $1.0K |
| Built year | 1955 | 1978 |
| HOA | $0 | $0 |
| Days on market | 84 | 60 |
Sep 7, 2026
$5,380,000
$6,380,000
-16% Price Drop
Initial Listing
Jul 10, 2026
$6,380,000
$6,880,000
-7% Price Drop
Initial Listing
Jun 17, 2026
$6,880,000
Initial Listing