940 Paseo La Cresta, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 5 bed, 6 bath
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Palos Verdes Estates, California 90274
Analysis of 940 Paseo La Cresta, Palos Verdes Estates, California 90274 is currently available with a list price of $5,950,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Palos Verdes Estates Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1981, this expansive estate is well-maintained but features interior finishes that are significantly dated. While the kitchen and bathrooms have likely seen updates in the past 20 years, the cabinetry, tile work, and fixtures do not meet current luxury standards. The property requires cosmetic modernization, including flooring and system updates, to align with its premium price point.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 65479, living area = 7734.
Elementary School: Montemalaga Elementary School (10/10). Middle School: Palos Verdes Intermediate School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The estate offers unobstructed, breathtaking views of the Pacific Ocean and Catalina Island, a highly coveted feature in Palos Verdes Estates that significantly enhances the property's prestige and value.
Built in 1981, the home's 7,700+ sq. ft. interior may require significant capital investment for modern cosmetic renovations and system upgrades to meet the standards of today's ultra-luxury buyers.
The property has undergone substantial price reductions from an original $7.2M to $5.95M, which can create a 'stale' listing perception and suggest challenges in aligning the initial asking price with current market demand.
Spectacular Ocean & Catalina Views – A Rare Luxury Estate! Experience breathtaking views from this expansive estate, boasting over 7,700 sq. ft. of living space on an impressive 65,479 sq. ft. lot. Designed for both grand entertaining and intimate gatherings, this home features multiple living and dining areas, two family rooms, and a gourmet center-island kitchen. The luxurious master suite is a private retreat, complete with a spa-like bath and sauna. Step outside into a resort-style backyard, where lush landscaping surrounds multiple seating areas, a sparkling pool and spa, a tennis court, and unobstructed ocean views extending to Catalina. A private gated entry and expansive driveway provide security and convenience, making this home perfect for hosting guests.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 69% |
| Baths | 6.0 | 3.0 | 90% |
| Square foot | 7,734 | 2,985 | 98% |
| Lot Size | 65,479 | 15,265 | 92% |
| Price | $5.95M | $2.60M | 95% |
| Price per sq ft | $769 | $964 | 26% |
| Built year | 1981 | 1962 | 82% |
| HOA | $0 | $0 | 50% |
| Days on market | 415 | 173 | 97% |
Jan 17, 2026
$5,950,000
$6,799,000
-12% Price Drop
Initial Listing
Aug 15, 2025
$6,799,000
Initial Listing
Mar 3, 2025
$7,200,000
Initial Listing