705 Via La Cuesta, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 6 bed, 8 bath
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Palos Verdes Estates, California 90274
This property presents a High-Potential Investment Opportunity with a List Price of $10,000,000—positioned well below the $10,203,052 Fair Market Value by 2%. This valuation gap offers $203,052 in Instant Equity for buyers. Featuring a Poor Condition Rating due to its "down-to-the-studs" state, the 1.1-acre lot with Panoramic Ocean Views, Pool, and Tennis Court provides a rare canvas for a luxury estate. This is a high-reward acquisition ideal for Luxury Developers or High-Net-Worth Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 705 Via La Cuesta Subject | $10,000,000* List Price | 6 | 8 | 10,100 | $1,010 | - |
A 702 Via La Cuesta Active | $8,868,000 List Price | 6 | 9 | 9,932 | $893 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1986 (38 years old), the interior has been stripped to the studs, meaning there are no functional kitchens, bathrooms, or systems. It requires a complete rehab and is currently unlivable, fitting the criteria for poor condition due to the need for a total interior reconstruction.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 50157, living area = 10100.
The property boasts world-class, sweeping views of the Queen’s Necklace, coastline, and city lights, providing a prestigious and rare backdrop for a luxury estate.
Situated on over 1.1 manicured acres, the grounds offer exceptional privacy and rare amenities including a tennis court, pool, spa, and koi pond.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 10100, other record living area = 8497.
The home is currently in an unfinished state, requiring a substantial additional investment of time and capital to complete the interior construction and high-end finishes.
The requirement for cash-only transactions significantly limits the potential buyer pool and necessitates immediate liquidity for both the purchase and the subsequent remodel.
Situated on approximately 1.1 manicured acres and featuring some of Palos Verdes’ most dramatic views, this property is truly a diamond in the rough. Sweeping views of the ocean, Queen’s Necklace, coastline, and city lights are enjoyed throughout the property, creating an extraordinary backdrop for what could become a remarkable estate. The interior has been taken down to the studs in preparation for a complete remodel, and the Seller is willing to sell the home now in its current condition. Outdoor amenities include a pool, spa, koi pond, tennis court, and expansive grounds. Cash transactions only.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 8.0 | 3.5 |
| Square foot | 10,100 | 2,761 |
| Lot Size | 50,157 | 10,706.5 |
| Price | $10.00M | $3.02M |
| Price per sq ft | $990 | $1.0K |
| Built year | 1986 | 1957 |
| HOA | $0 | $0 |
| Days on market | 22 | 61 |
Jun 30, 2026
$10,000,000
Initial Listing
Aug 12, 2022
$9,900,000
Public Record
Sep 12, 2014
$13,000,000
Public Record