
Palos Verdes Estates, California 90274
This property presents a High-Potential Investment Opportunity with a List Price of $3,750,000—positioned well above the $3,392,643 Fair Market Value by -10%. While the price reflects a premium, the Iconic Panoramic Views and Prime Malaga Cove Location provide a rare foundation for a world-class estate. Featuring a Condition Rating of 5, the home requires a comprehensive renovation to modernize its 1960s footprint. This is an ideal acquisition for Luxury Developers or Owner-Occupants seeking to reimagine a trophy coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 589 Via Del Monte Subject | $3,750,000* List Price | 4 | 3 | 3,678 | $922 | - |
A 628 Via Del Monte Sold | $3,110,000 | 4 | 4 | 2,762 | $1,126 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960 and largely in original condition, the property exceeds the 30-50 year threshold for major updates. Interior photos, specifically the bathroom, show dated cabinetry, tile countertops, and fixtures from the original era. The listing description explicitly suggests 'reimagining' the property, indicating it requires a full rehab to meet modern standards.
The property features the prestigious 'Queen's Necklace' view, offering sweeping vistas from the South Bay to Malibu and the mountains, which is a primary driver of value in Palos Verdes Estates.
Ideally situated within walking distance to Malaga Cove Plaza and offering direct access to renowned scenic hiking trails, providing an unparalleled coastal lifestyle.
With 3,678 square feet of living space, vaulted ceilings, and unique amenities like an 800-bottle wine cellar and a three-car garage, the home offers a substantial foundation for luxury living.
Built in 1960, the home likely requires significant modernization or a complete remodel to align its interior finishes with current luxury market expectations.
To realize the property's potential as a 'world-class coastal estate,' buyers should anticipate a substantial additional investment beyond the $3.75M purchase price.
Welcome to the exceptional opportunity to own one of Palos Verdes Estates' most coveted views at 589 Via Del Monte. Offering 3,678 square feet of interior living with four bedrooms and three bathrooms, nestled on a 12,231 square foot lot, showcasing sweeping panoramic views from the Queen's Necklace across the South Bay to Malibu, with mountain vistas completing the remarkable backdrop to your daily life.Expansive windows and soaring vaulted ceilings fill the home with natural light, while a striking travertine fireplace anchors the main living room. Designed for both everyday living and entertaining, the thoughtful floor plan includes generous living spaces, a dedicated library, a walk-through galley pantry, 800-bottle wine storage, game/art room, laundry room, and seamless indoor-outdoor flow to an expansive rear patio where the spectacular views take center stage.Additional highlights include a beautiful wind-protected entry courtyard, a three-car garage with additional off-street driveway parking for up to six cars, and an ideal layout for hosting family and friends.Ideally located just a short stroll to Malaga Cove Plaza with vibrant shops/eateries and direct property access to Malaga Cove's most scenic hiking trail where LA visitors travel for hours to experience the views that would be part of your daily life. Enjoy the home as it stands today, thoughtfully enhance its timeless character, or reimagine the property into a world-class coastal estate worthy of its extraordinary setting. Opportunities to create something truly exceptional on a street of this caliber are increasingly rare.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.2 |
| Baths | 3.0 | 3.6 |
| Square foot | 3,678 | 3,325.634 |
| Lot Size | 12,233 | 10,441.61 |
| Price | $3.75M | $3.51M |
| Price per sq ft | $1.0K | $1.0K |
| Built year | 1960 | 1978 |
| HOA | $0 | $0 |
| Days on market | 3 | 60 |
Sep 6, 2026
$3,750,000
Initial Listing