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37 Tramonto Drive, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 5 bed, 5 bath

37 Tramonto Drive, Rancho Palos Verdes, California 90275 home-pic-0
ACTIVE UNDER CONTRACT$3,599,000
37 Tramonto Drive, Rancho Palos Verdes, California 90275
5Beds
5Baths
4,244Sqft
14,028Lot

Price Vs. Estimate

The estimated value ($3,646,821.03) is $47,821.03 (1%) lower than the list price ($3,599,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Ocean & Catalina Views: The property offers breathtaking ocean and Catalina views from nearly every room, significantly enhancing its appeal and value, especially given its prime location above the Terranea Resort.
Top Cons:
Ongoing Association Fees: The property is subject to a monthly association fee of $300.0, which represents a recurring cost for the homeowner.

Compared to the nearby listings

Price:$3.60M vs avg $1.90M (+$1,699,000)94%
Size:4,244 sqft vs avg 2,396 sqft93%
Price/sqft:$848 vs avg $79365%

More Insights

Built in 1997 (28 years old).
Condition: This property, built in 1997, has undergone extensive recent renovations, bringing it to a virtually new condition. The description explicitly states 'brand new windows and doors,' 'new stainless steel appliances' in the gourmet kitchen with granite countertops, a 'recently renovated spa-inspired bath' in the primary suite, a 'brand new HVAC system,' and a 'sparkling new saltwater pool' with 'brand new landscaping.' The images confirm high-quality, modern finishes throughout, including hardwood floors, updated light fixtures, and a clean, contemporary aesthetic in the kitchen and bathrooms. These updates are well within the 'extensively renovated within 5 years' criteria for an 'excellent' rating, despite the original build year being 27 years ago.
Year Built
1997
Close
-
List price
$3.6M
Original List price
$3.6M
Price/Sqft
$848
HOA
$300
Days on market
-
Sold On
-
MLS number
PV25251445
Home ConditionExcellent
Features
Excellent View: Catalina, Ocean
Deck
Pool
ViewCatalina, Ocean

About this home

Perched above the Terranea Resort, this exquisite former model home captures breathtaking ocean and Catalina views from nearly every room. A tranquil courtyard and fountain welcome you into a bright, elegant interior where brand new windows and doors frame the stunning coastal panorama. The open living and family rooms extend to an expansive balcony, perfect for enjoying the sea breeze and endless views. The gourmet kitchen is a showpiece, featuring granite countertops, a large island, new stainless steel appliances, and a sunny breakfast area. The formal dining room shines with a coffered ceiling and chandelier, while the living room’s custom stone fireplace and wet bar create a warm, refined ambiance. The main-level primary suite offers a serene retreat with ocean views and a recently renovated spa-inspired bath complete with a tub, separate vanity sinks, and walk-in shower. A stately office opens to the front courtyard, and a stylish powder room completes the upper level. Downstairs includes two bedroom suites, plus two additional bedrooms with a Jack-and-Jill bath, a spacious family room, dedicated laundry room, and wine cellar. Outdoors, enjoy brand new landscaping, a turf backyard, and a sparkling new saltwater pool—all set against the gorgeous ocean and Catalina backdrop, perfect for entertaining or relaxing in luxury. Additional highlights include a brand new HVAC system, hardwood floors, wrought iron accents, and Tuscan-inspired finishes that blend timeless elegance with modern comfort. Conveniently close to top-rated PV schools, shops, and the coast.

Price History

Date
Event
Price
04/06/21
Sold
$2,650,000
03/04/16
Sold
$2,300,000
Condition Rating
Excellent
This property, built in 1997, has undergone extensive recent renovations, bringing it to a virtually new condition. The description explicitly states 'brand new windows and doors,' 'new stainless steel appliances' in the gourmet kitchen with granite countertops, a 'recently renovated spa-inspired bath' in the primary suite, a 'brand new HVAC system,' and a 'sparkling new saltwater pool' with 'brand new landscaping.' The images confirm high-quality, modern finishes throughout, including hardwood floors, updated light fixtures, and a clean, contemporary aesthetic in the kitchen and bathrooms. These updates are well within the 'extensively renovated within 5 years' criteria for an 'excellent' rating, despite the original build year being 27 years ago.
Pros & Cons

Pros

Exceptional Ocean & Catalina Views: The property offers breathtaking ocean and Catalina views from nearly every room, significantly enhancing its appeal and value, especially given its prime location above the Terranea Resort.
Extensive Recent Renovations & Upgrades: Significant recent investments include brand new windows and doors, new stainless steel kitchen appliances, a recently renovated spa-inspired primary bath, a brand new HVAC system, new landscaping, and a new saltwater pool, ensuring a modern and move-in ready condition.
Luxurious & Functional Interior Features: The home boasts high-end finishes and thoughtful design, including a gourmet kitchen with a large island, formal dining room with a coffered ceiling, a custom stone fireplace, wet bar, wine cellar, and a convenient main-level primary suite.
Desirable Location & School District: Situated in a prestigious area above the Terranea Resort, the property benefits from proximity to top-rated Palos Verdes Peninsula Unified schools, local shops, and coastal amenities, appealing to discerning buyers.
Former Model Home Quality: As a former model home, it likely features superior construction, upgraded materials, and meticulous design details that set it apart from standard residences.

Cons

Ongoing Association Fees: The property is subject to a monthly association fee of $300.0, which represents a recurring cost for the homeowner.
Lot Size for Price Point: While the 14,028 sqft lot is generous, for a property at this luxury price point in Rancho Palos Verdes, some buyers may expect a more expansive estate-sized parcel of land.
Potential for Future Maintenance on Original Components: Despite extensive recent upgrades to major systems and aesthetics, the core structure dates back to 1997, meaning some original components not explicitly mentioned as replaced (e.g., certain plumbing or electrical elements) may eventually require maintenance or updates.

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