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

43 Oceanaire Drive, Rancho Palos Verdes, California 90275 home-pic-0
ACTIVE$4,850,000
43 Oceanaire Drive, Rancho Palos Verdes, California 90275
5Beds
5Baths
4,113Sqft
47,716Lot

Price Vs. Estimate

The estimated value ($4,850,000) is $0 (0%) lower than the list price ($4,850,000). This property may be overpriced.

Key pros and cons

Top Pros:
Panoramic Ocean & Catalina Views: The property commands unobstructed panoramic views from shimmering whitewater to the majesty of Catalina Island, significantly enhancing its luxury appeal and value.
Top Cons:
Age of Renovation: While comprehensive, the 2008-2009 renovation means some elements may be considered dated by current luxury market standards, potentially requiring future updates.

Compared to the nearby listings

Price:$4.85M vs avg $1.90M (+$2,950,000)98%
Size:4,113 sqft vs avg 2,396 sqft90%
Price/sqft:$1.2K vs avg $79396%

More Insights

Built in 1962 (63 years old).
Condition: Though originally built in 1962, this property underwent a comprehensive 'down to the studs' rebuild in 2008-2009, effectively making it a 2009 construction in terms of its core systems and finishes. The description highlights 'finest in modern luxury' and 'luxuriously appointed baths,' indicating high-end, contemporary kitchens, bathrooms, appliances, and fixtures. All major components, including electrical, plumbing, and HVAC, would have been replaced during this extensive renovation, ensuring they are modern and in excellent working order. The property's overall quality, as inferred from the description and pristine exterior images, suggests it is in 'virtually new' condition with no deferred maintenance, aligning with the 'Excellent' criteria for a fully renovated property.
Year Built
1962
Close
-
List price
$4.85M
Original List price
$5.1M
Price/Sqft
$1,179
HOA
$100
Days on market
-
Sold On
-
MLS number
SB25122760
Home ConditionExcellent
Features
Excellent View: Catalina, City Lights, Coastline, Courtyard, Park/Greenbelt, Golf Course, Hills, Ocean, Panoramic, Water
Deck
ViewCatalina,City Lights,Coastline,Courtyard,Park/Greenbelt,Golf Course,Hills,Ocean,Panoramic,Water

About this home

Experience the epitome of elevated coastal living in this rare, one of a kind mid-century architectural masterpiece. An iconic home set atop solid bedrock, commanding unobstructed panoramic views from shimmering whitewater to the majesty of Catalina Island. Originally designed and built in 1962 by famed actor and former Screen Actors Guild president Dana Andrews, this legacy residence is a testament to timeless design, privacy, and distinction. Meticulously reimagined in 2008 and completed in 2009, the home was taken down to the studs and rebuilt with an uncompromising commitment to craftsmanship, blending the essence of mid-century elegance with the finest in modern luxury. Walls of glass frame ever-changing vistas, creating an ethereal feeling of floating above the Pacific, where sunrises and sunsets become part of your daily ritual. Ideal for entertaining on a grand scale or savoring intimate moments, the home offers an ambiance of refined sophistication. Featuring 4 expansive ensuite bedrooms and 5 luxuriously appointed baths, the floor plan provides ample privacy while inviting comfort and style at every turn. A chic game room adds a touch of leisure, while a versatile garden room or creative studio expands the home’s functionality. Additionally, a generous storage room can effortlessly transform into a secure playroom, wine cellar, or wellness retreat. The property also features a spacious three car garage, complete with a well appointed work area, ideal for the automotive enthusiast, hobbyist, or those who value ample storage. Signature Palos Verdes stone, quarried directly from the grounds, is masterfully integrated throughout the property, grounding the home in a natural, earthy elegance rarely found today. Outside, a tranquil koi pond enhances the serene ambiance. Easily convertible into a custom pool should your vision call for it. This is more than a residence; it is a private sanctuary, a collector's piece of architectural art, and an irreplaceable opportunity to own a slice of Southern California history, crafted for the most discerning buyer seeking unmatched views, provenance, and prestige. Please see the link for video.

Price History

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

Though originally built in 1962, this property underwent a comprehensive 'down to the studs' rebuild in 2008-2009, effectively making it a 2009 construction in terms of its core systems and finishes. The description highlights 'finest in modern luxury' and 'luxuriously appointed baths,' indicating high-end, contemporary kitchens, bathrooms, appliances, and fixtures. All major components, including electrical, plumbing, and HVAC, would have been replaced during this extensive renovation, ensuring they are modern and in excellent working order. The property's overall quality, as inferred from the description and pristine exterior images, suggests it is in 'virtually new' condition with no deferred maintenance, aligning with the 'Excellent' criteria for a fully renovated property.
Pros & Cons

Pros

Panoramic Ocean & Catalina Views: The property commands unobstructed panoramic views from shimmering whitewater to the majesty of Catalina Island, significantly enhancing its luxury appeal and value.
Architectural Significance & Provenance: An iconic mid-century architectural masterpiece, originally designed and built by famed actor Dana Andrews, offering unique historical value and distinction.
Extensive High-Quality Renovation: Meticulously reimagined in 2008-2009, the home was taken down to the studs and rebuilt with uncompromising craftsmanship, blending timeless design with modern luxury.
Luxurious & Versatile Living Spaces: Features 4 expansive ensuite bedrooms, 5 luxuriously appointed baths, a chic game room, versatile garden room/studio, and flexible storage, providing ample comfort and functionality.
Expansive & Private Grounds: Situated on a large 47,716 sqft lot, the property integrates signature Palos Verdes stone and a tranquil koi pond (convertible to a pool), offering privacy and unique natural elements.

Cons

Age of Renovation: While comprehensive, the 2008-2009 renovation means some elements may be considered dated by current luxury market standards, potentially requiring future updates.
Absence of Existing Pool: The property currently features a koi pond, with the potential for conversion to a pool, implying a significant additional investment and project for the new owner to add this highly desired luxury amenity.
Recent Price Reduction: A recent price adjustment from $5.1M to $4.85M may suggest initial overpricing or a longer market time, potentially influencing buyer perception and negotiation strategy.

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