360 Via Almar, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 3 bed, 3 bath

360 Via Almar, Palos Verdes Estates, California 90274 home-pic-0
ACTIVE$3,100,000
360 Via Almar, Palos Verdes Estates, California 90274
3Beds
3Baths
2,400Sqft
16,668Lot
Year Built
1960
Close
-
List price
$3.1M
Original List price
$3.1M
Price/Sqft
$1,292
HOA
-
Days on market
-
Sold On
-
MLS number
PV25115212
Home ConditionFair
Features
Excellent View: Coastline, Ocean
Deck
Pool
Patio
ViewCoastline, Ocean

About this home

Possibly Over-Priced:The estimated price is 27% below the list price. We found 3 Cons,6 Pros. Rank: price - $3.10M(63th), sqft - 2400(33th), beds - 3(32th), baths - 3(50th).

Sweeping Ocean & Coastline Views in Lower Malaga Cove! This exceptional home offers ocean and coastline views from all major rooms. Set on a rare 16,633 square-foot lot with 200 feet of frontage, this property provides the perfect blend of space, privacy, and expansive views. The home features 3 bedrooms and 2.5 bathrooms, with floor-to-ceiling windows throughout, allowing natural light to flood every corner. The large living room, dining area, and kitchen all offer captivating views, while the spacious primary suite includes a walk-in closet, fireplace, and its own private ocean vista. The inviting wrap-around front deck is ideal for al fresco dining and entertaining, while the private rear yard features a pool and patio for relaxed outdoor living. The home’s distinctive red tile roof and classic design make it an enduring landmark in this highly desirable neighborhood. This sprawling home is conveniently located a short distance from Malaga Cove Plaza, the Palos Verdes Beach & Athletic Club, and a beautiful sandy beach, offering the best of coastal living.

Price History

Date
Event
Price
09/10/21
Sold
$2,800,000
08/23/16
Sold
$2,400,000
Condition Rating
Fair

Built in 1960, this home retains much of its original 'classic design.' While the property is clean and well-maintained, and features newer laminate flooring and some updated stainless steel kitchen appliances (Bosch), the kitchen's white tile countertops and backsplash are significantly dated. Similarly, the bathrooms, though functional, feature older vanity styles and mirrored walls that are out of fashion. These key areas would require substantial cosmetic updates to meet current buyer expectations, aligning with the 'fair' condition criteria of being aged but maintained, with major components showing signs of being outdated.
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 = 16668, living area = 2400.
Panoramic Ocean & Coastline Views: The property boasts sweeping ocean and coastline views from all major rooms, a highly sought-after feature in Lower Malaga Cove.
Exceptional Lot Size & Frontage: Situated on a rare 16,633 square-foot lot with 200 feet of frontage, offering significant space, privacy, and development potential.
Prime Location & Accessibility: Located in a highly desirable neighborhood, a short distance from Malaga Cove Plaza, the Palos Verdes Beach & Athletic Club, and a sandy beach.
Robust Outdoor Living Spaces: Features an inviting wrap-around front deck for al fresco dining and a private rear yard with a pool and patio, ideal for entertaining and relaxation.
Abundant Natural Light & Architectural Appeal: Floor-to-ceiling windows throughout ensure natural light floods every corner, complemented by a distinctive red tile roof and classic design.

Cons

Age of Property & Potential for Updates: Built in 1960, the home's 'classic design' may imply a need for significant modern updates to systems, finishes, and layout to align with contemporary luxury standards, especially when compared to recently remodeled properties in the area.
Significant Price Discrepancy: The listing price of $3.1 million is substantially higher than the estimated property value of $2.25 million, suggesting it may be overpriced relative to current market valuations and comparable sales.
Modest Bedroom/Bathroom Count: With 3 bedrooms and 2.5 bathrooms for a 2400 sqft home on a large lot, the property offers a relatively modest room count compared to some larger or more recently expanded luxury homes in the Palos Verdes Estates market.

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