940 Paseo La Cresta, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 5 bed, 6 bath
940 Paseo La Cresta
Palos Verdes Estates, California 90274
Property Price
SUMMARY
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Great Schools
Elementary School: Montemalaga Elementary School (10/10). Middle School: Palos Verdes Intermediate School (9/10). High School: Palos Verdes Peninsula High School (10/10).
- Panoramic Coastal Views
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.
CONSRISKS & DEFICIENCIES
- Dated Architectural Era
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.
- Market Momentum Concerns
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.
About 940 Paseo La Cresta
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1981
- Lot Size
- 65,479 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palos Verdes Estates Unified Schools
Montemalaga Elementary School
Grades K-5 • 0.8 mi
Vista Grande Elementary School
Grades K-5 • 1.1 mi
Lunada Bay Elementary School
Grades K-5 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 70% |
| Baths | 6.0 | 3.0 | 91% |
| Square foot | 7,734 | 2,900 | 97% |
| Lot Size | 65,479 | 14,790 | 87% |
| Price | $5.95M | $2.50M | 94% |
| Price per sq ft | $769 | $950 | 22% |
| Built year | 1981 | 1962 | 82% |
| HOA | $0 | $0 | 50% |
| Days on market | 368 | 190 | 97% |
Pricing History
Listed for Sale
Jan 17, 2026
$5,950,000
$6,799,000
-12% Price Drop
Initial Listing
Price Change
Aug 15, 2025
$6,799,000
Initial Listing
Price Change
Mar 3, 2025
$7,200,000
Initial Listing