3 Park Place, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 5 bed, 4 bath
3 Park Place
Rancho Palos Verdes, California 90275
Property Price
SUMMARY
Analysis of 3 Park Place, Rancho Palos Verdes, California 90275 reveals a property with a current list price of $3,288,000, which is 39% above the estimated $2,355,984 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Rancho Palos Verdes Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3 Park Place Subject | $3,288,000* List Price | 5 | 4 | 3,956 | $596 | - |
A 1 Crestwind Drive Sold | $3,750,000 | 5 | 6 | 4,160 | $901 | 0.2 mi |
B 5204 Middlecrest Road Sold | $2,830,000 | 4 | 3 | 3,696 | $766 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1989, this property is approximately 37 years old and the listing description focuses on its original 'contemporary flair' and 'unique architecture' rather than recent renovations. While the home is well-maintained and move-in ready, it lacks the modern high-end finishes found in recently updated properties in the area. The kitchen and bathrooms likely feature styles and appliances from the late 80s or 90s, fitting the criteria for a home that is functional but shows signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 21732, living area = 3956.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
About 3 Park Place
Custom with contemporary flair. Private location across from Del Cerro Park. Uniquely designed open floor plan. Private yard area for enjoying the evening sunsets. Welcome to this beautiful 5 bedroom, 4 bath family estate, situated on top of a secluded hill in Rancho Palos Verdes. This unique property has over 21,000 SF, features 3956 SF, and has expansive views of the sparkling Pacific Ocean, Del Cerro Park, and nearby canyons. Perfect for entertaining, or simply relaxing, while enjoying all of the surrounding vistas. The unique architecture, sets this home apart from the rest! Skylights and lots of windows allow an abundance of natural light to pour into every room. The large, circular driveway has plenty of space. Come and see this hilltop beauty!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 21,732 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 68% |
| Baths | 4.0 | 3.0 | 73% |
| Square foot | 3,956 | 2,494 | 86% |
| Lot Size | 21,732 | 10,320 | 88% |
| Price | $3.29M | $1.95M | 93% |
| Price per sq ft | $831 | $776 | 60% |
| Built year | 1989 | 1965 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 192 | 7% |
Pricing History
Listed for Sale
Jan 10, 2026
$3,288,000
Initial Listing
Sold
Feb 25, 2014
$1,280,000
Public Record