5832 Ocean Terrace Drive, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 6 bed, 5 bath

5832 Ocean Terrace Drive, Rancho Palos Verdes, California 90275 home-pic-0
ACTIVE$6,895,000
5832 Ocean Terrace Drive, Rancho Palos Verdes, California 90275
6Beds
5Baths
5,458Sqft
19,798Lot

Price Vs. Estimate

The estimated value ($6,895,000) is $0 (0%) lower than the list price ($6,895,000). This property may be overpriced.

Key pros and cons

Top Pros:
Panoramic Ocean Views: The property boasts dramatic panoramic ocean views, enhancing its desirability and market value.
Top Cons:
Price Point: The high list price may limit the pool of potential buyers.

Compared to the nearby listings

Price:$6.89M vs avg $1.90M (+$4,995,000)99%
Size:5,458 sqft vs avg 2,396 sqft96%
Price/sqft:$1.3K vs avg $79398%

More Insights

Built in 1985 (40 years old).
Condition: The property was built in 1985 but has been completely transformed with thoughtfully curated finishes. The kitchen features Gaggenau appliances and anthracite porcelain slab counters, and the bathrooms have Ann Sacks tile and Waterworks plumbing fixtures. The home is a smart home with all functions on an app. While not newly built, the extensive renovations and high-end finishes justify a 'good' condition score.
Year Built
1985
Close
-
List price
$6.89M
Original List price
$7M
Price/Sqft
$1,263
HOA
-
Days on market
-
Sold On
-
MLS number
PV24244026
Home ConditionGood
Features
Excellent View: Coastline, Ocean, Panoramic
Pool
Patio
ViewCoastline, Ocean, Panoramic

About this home

Magnificently Modern Manor! This effortlessly elegant contemporary home stands out among its peers with thoughtfully curated finishes in every square foot, set against a dramatic panoramic ocean view with a courtyard pool and huge flat verdant green yard. Exceptionally designed, this home evokes a neutral gray palette, using these tones throughout the property. The owners have completely transformed the home and added over 550 sq ft, creating the ultimate smart home with all functions on an app. As the front door opens with impressive views of hills and sea, you are struck with the blending of nature and form as the chosen elements inside merge seamlessly with the outside. The sophisticated choices - Gaggenau appliances throughout kitchen (with anthracite porcelain slab counters), rift grey blanco and matte flooring, Ann Sacks tile and Waterworks plumbing fixtures - only enhance the natural light coming externally. The home is approximately 5485 square feet with 6 bedrooms and 5 baths, with huge open spaces for living and entertaining well. There are many homes on the Hill that have views, but very few combine those views with an artfully-assembled design aesthetic. This is one of the few. This property is also for lease at $30,000 per month

Price History

Date
Event
Price
08/11/00
Sold
$1,550,000
01/03/96
Sold
$1,070,000
06/09/17
Sold
$3,499,000
08/28/07
Sold
$2,300,000
Condition Rating
Good

The property was built in 1985 but has been completely transformed with thoughtfully curated finishes. The kitchen features Gaggenau appliances and anthracite porcelain slab counters, and the bathrooms have Ann Sacks tile and Waterworks plumbing fixtures. The home is a smart home with all functions on an app. While not newly built, the extensive renovations and high-end finishes justify a 'good' condition score.
Pros & Cons

Pros

Panoramic Ocean Views: The property boasts dramatic panoramic ocean views, enhancing its desirability and market value.
Modern Renovation: The home has been completely renovated with high-end finishes and smart home technology, offering a move-in-ready experience.
Spacious Layout: With approximately 5485 sq ft, 6 bedrooms, and large open spaces, the property is ideal for both living and entertaining.

Cons

Price Point: The high list price may limit the pool of potential buyers.
Year Built: Built in 1985, some buyers may prefer newer construction despite the recent renovations.

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