940 Paseo La Cresta, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 5 bed, 6 bath
ACTIVE$6,799,000
940 Paseo La Cresta, Palos Verdes Estates, California 90274
5Beds
6Baths
7,734Sqft
65,479Lot
Year Built
1981
Close
-
List price
$6.8M
Original List price
$7.2M
Price/Sqft
$879
HOA
-
Days on market
-
Sold On
-
MLS number
PV25046515
Home ConditionFair
Features
Excellent View: Catalina, Ocean, Panoramic, Water
Pool
Spa
Patio
ViewCatalina, Ocean, Panoramic, Water
About this home
We found 3 Cons,7 Pros. Rank: price - $6.80M(96th), sqft - 7734(98th), beds - 5(78th), baths - 6(93th).
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.
Nearby schools
10/10
Montemalaga Elementary School
Public,•K-5•0.8mi
9/10
Vista Grande Elementary School
Public,•K-5•1.1mi
7/10
Lunada Bay Elementary School
Public,•K-5•1.4mi
9/10
Silver Spur Elementary School
Public,•K-5•1.8mi
9/10
Palos Verdes Intermediate School
Public,•6-8•0.8mi
9/10
Ridgecrest Intermediate School
Public,•6-8•2.1mi
8/10
Palos Verdes High School
Public,•9-12•0.8mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•1.9mi
Price History
Date
Event
Price
08/15/25
Price Change
$6,799,000
03/03/25
Listing
$7,200,000
Condition Rating
Fair
Built in 1981, this property is well-maintained but shows significant signs of dated aesthetics throughout its visible interiors, including terracotta tile and carpet flooring, and older fireplace and window treatment styles. While the description mentions a 'gourmet kitchen' and 'spa-like bath,' the absence of images for these critical areas, combined with the overall dated appearance of other rooms and the listing's own 'weakness' assessment regarding the need for modernization, indicates that these features are likely functional but not up to current luxury standards. The property requires minor updates to meet contemporary tastes and expectations for a home in this price range.
Pros & Cons
Pros
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 Ocean & Catalina Views: The property offers spectacular, unobstructed ocean and Catalina Island views from multiple vantage points, a highly coveted and value-driving feature.
Expansive Luxury Living Space: Boasting over 7,700 sq. ft. of living space with multiple living/dining areas, two family rooms, and a gourmet kitchen, it's designed for grand entertaining and comfortable living.
Resort-Style Outdoor Amenities: The backyard features lush landscaping, multiple seating areas, a sparkling pool and spa, and a private tennis court, creating an unparalleled recreational oasis.
Large Private Estate Lot: Situated on an impressive 65,479 sq. ft. (approx. 1.5 acres) lot with a private gated entry and expansive driveway, ensuring exclusivity and ample space.
Luxurious Master Suite & Features: The home includes a luxurious master suite with a spa-like bath and sauna, alongside a gourmet center-island kitchen, highlighting high-end interior appointments.
Cons
Property Age & Potential for Updates: Built in 1981, while well-maintained, some systems or aesthetics may require modernization to meet contemporary luxury standards, which could incur additional costs.
High Ongoing Maintenance Costs: The extensive size of the home, large lot, and numerous amenities (pool, spa, tennis court, landscaping) will necessitate significant ongoing maintenance and operational expenses.
Exclusive Price Point: With a list price of $6.799 million, the property targets a very niche market, potentially limiting the pool of prospective buyers.