43 Oceanaire Drive, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 4 bed, 5 bath

43 Oceanaire Drive, Rancho Palos Verdes, California 90275 home-pic-0
ACTIVE$5,550,000
43 Oceanaire Drive, Rancho Palos Verdes, California 90275
4Beds
5Baths
4,992Sqft
47,706Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top 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 = 47706, living area = 4992.
Top Cons:
Age of Renovation: While meticulously renovated in 2008, the 'modern luxury' aspects are now 16 years old, which may require further updates to align with current high-end buyer expectations.

Compared to the nearby listings

Price:$5.55M vs avg $1.90M (+$3,650,000)99%
Size:4,992 sqft vs avg 2,396 sqft95%
Price/sqft:$1.1K vs avg $79393%

More Insights

Built in 1962 (63 years old).
Condition: The property, built in 1962, underwent an extensive renovation in 2008. While the renovation brought 'modern luxury' at the time, the kitchen and bathrooms, featuring dark wood cabinetry, light stone countertops, and stainless steel appliances, are now 16 years old. These elements, though well-maintained and functional, show signs of being dated compared to current high-end design trends. Major systems and appliances from 2008 are likely nearing the end of their expected lifespan. The home is move-in ready but would require minor updates to meet contemporary luxury expectations.
Year Built
1962
Close
-
List price
$5.55M
Original List price
$6M
Price/Sqft
$1,112
HOA
$100
Days on market
-
Sold On
-
MLS number
IV25035154
Home ConditionFair
Features
Excellent View: Catalina, City Lights, Coastline, Courtyard, Park/Greenbelt, Golf Course, Hills, Ocean, Panoramic, Pond, Water
Patio
ViewCatalina,City Lights,Coastline,Courtyard,Park/Greenbelt,Golf Course,Hills,Ocean,Panoramic,Pond,Water

About this home

Step into a truly exceptional, one of a kind mid-century masterpiece, built on bedrock, offering breathtaking, unobstructed ocean views from white water to Catalina views. Originally designed and built in the 1960s by renowned actor and former president of the Screen Actors Guild, Dana Andrews, this architectural gem was meticulously renovated in 2008 by the current owner, blending timeless design with modern luxury. This expansive home boasts 4 spacious bedrooms and 5 functional appointed bathrooms, providing ample room for comfort and privacy. The residence also features a game room, a garden room, and a versatile workshop or studio space, perfect for creative endeavors or relaxation. Additionally, a generously sized storage room ensures you have all the space you need for life's treasures. Throughout the home, you'll find stunning PV stone quarried directly from the property, seamlessly integrated into the design to add a natural, earthy element that complements the modern aesthetic. Outside, the beauty continues with a tranquil koi pond, creating a peaceful oasis that enhances the property's serene atmosphere. This is more than just a home it’s a piece of history, a stunning work of art, and a private sanctuary with unparalleled views and timeless elegance. Don’t miss your chance to own this unique treasure. Please see the link for video.

Price History

Date
Event
Price
09/24/08
Sold
$2,025,000
Condition Rating
Fair

The property, built in 1962, underwent an extensive renovation in 2008. While the renovation brought 'modern luxury' at the time, the kitchen and bathrooms, featuring dark wood cabinetry, light stone countertops, and stainless steel appliances, are now 16 years old. These elements, though well-maintained and functional, show signs of being dated compared to current high-end design trends. Major systems and appliances from 2008 are likely nearing the end of their expected lifespan. The home is move-in ready but would require minor updates to meet contemporary luxury expectations.
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 = 47706, living area = 4992.
Unobstructed Panoramic Ocean Views: The property offers breathtaking, unobstructed ocean views from white water to Catalina, city lights, and coastline, providing a premium aesthetic and significant value.
Architectural Significance & Provenance: An exceptional mid-century masterpiece originally designed by renowned actor Dana Andrews, offering a unique historical and architectural appeal.
Expansive & Versatile Living Spaces: Boasting 4 spacious bedrooms, 5 bathrooms, 4992 sqft, a game room, garden room, versatile workshop/studio, and ample storage, catering to diverse lifestyle needs.
Large Private Lot & Unique Features: Situated on a generous 47,706 sqft lot with a tranquil koi pond and stunning PV stone quarried directly from the property, enhancing privacy and custom appeal.
Prime Location & Structural Integrity: Located in desirable Rancho Palos Verdes within the Palos Verdes Peninsula Unified school district, and noted as 'built on bedrock' for perceived stability.

Cons

Age of Renovation: While meticulously renovated in 2008, the 'modern luxury' aspects are now 16 years old, which may require further updates to align with current high-end buyer expectations.
High Price Point & Market Adjustment: The substantial list price of $5.55M, following a reduction from an original $5.999M, suggests potential market resistance or an initial overvaluation, which could impact sales velocity.
Potential for High Maintenance: The expansive lot, unique landscaping with a koi pond, and custom stone features, while appealing, may entail significant ongoing maintenance and specialized care costs.

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