
Palos Verdes Estates, California 90274
This property presents a Strong Value Opportunity with a List Price of $6,880,000—positioned well below the $7,278,424 Fair Market Value by 5%. This valuation gap offers $398,424 in Instant Equity. Featuring a Condition Rating of 6, the existing 1955 structure serves as a prime canvas for a luxury rebuild on a massive 1.5-acre cul-de-sac lot with Panoramic Views. Located in the top-tier Palos Verdes Peninsula Unified School District, this is an ideal acquisition for Luxury Developers or Owner-Occupants seeking a premier estate site.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2521 Novato Place Subject | $6,380,000* List Price | 3 | 3 | 3,586 | $2,030 | - |
A 2521 Novato Place Active | $6,780,000 List Price | 3 | 3 | 3,586 | $1,891 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1955 with no evidence of renovations in over 50 years. The listing explicitly markets the property as a 'rebuild' opportunity and 'potential new construction,' indicating the value is primarily in the 1.5-acre lot. Interior images show original wood paneling, dated patterned carpeting, and 1950s-era systems and finishes.
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 world-class, unobstructed views of the Queen’s Necklace, downtown Los Angeles, and the coastline, offering some of the most prestigious vistas in Palos Verdes Estates.
Built in 1955, the existing ranch-style home likely requires significant modernization or a complete teardown to align with the high-end expectations of the $6.8M+ price point.
While marketed as a premier rebuild site, the substantial acquisition cost combined with the complexities of Palos Verdes Estates building approvals necessitates a very high capital outlay for the final product.
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 | 4.0 |
| Baths | 3.0 | 3.5 |
| Square foot | 3,586 | 2,761 |
| Lot Size | 65,179 | 10,706.5 |
| Price | $6.38M | $3.02M |
| Price per sq ft | $1.8K | $1.0K |
| Built year | 1955 | 1957 |
| HOA | $0 | $0 |
| Days on market | 35 | 61 |
Jul 10, 2026
$6,380,000
$6,880,000
-7% Price Drop
Initial Listing
Jun 17, 2026
$6,880,000
Initial Listing