
Palos Verdes Estates, California 90274
This Stunning Turnkey Estate is listed at $4,200,000, positioned well below the $4,289,455 Fair Market Value by 2%. This valuation gap offers $89,455 in Instant Equity for the buyer. Featuring a newly remodeled kitchen, soundproofed recording studio, and panoramic city light views, the property maintains an Excellent Condition Rating. Located in the premier Palos Verdes Peninsula Unified School District, this home offers a rare lifestyle opportunity for discerning homeowners or creative professionals seeking a move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 988 Via Rincon Subject | $4,200,000* List Price | 5 | 4 | 4,191 | $1,023 | - |
A 1419 Via Mateo Sold | $3,598,000 | 4 | 4 | 3,211 | $1,121 | 0.6 mi |
B 1405 Via Gabriel Active | $3,590,000 List Price | 5 | 4 | 3,850 | $932 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation, featuring a newly remodeled kitchen with quartz countertops, updated bathrooms, and new wide-plank flooring throughout. With copper plumbing, fresh interior/exterior paint, and a turnkey aesthetic, the home presents in mint condition consistent with a renovation completed within the last 5 years.
Elementary School: Montemalaga Elementary School (10/10). Middle School: Palos Verdes Intermediate School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Formerly the home of Gary Wright, this estate features a unique 500+ sqft soundproofed recording studio, offering a rare and versatile amenity for musicians or creative professionals.
The property boasts exceptional, unobstructed views of the downtown Los Angeles skyline, mountains, and city lights from the primary suite, kitchen, and main living areas.
The three-car garage is detached from the main residence, which may be less convenient for some buyers compared to an attached layout.
Despite modern updates, the 1959 construction may retain certain architectural or floor plan constraints common to homes of that era compared to modern builds.
Welcome to The Dream Weaver Estate, the former home of Grammy-nominated recording artist Gary Wright, best known for his multi-platinum hit "Dream Weaver." This 5-bedroom, 4-bathroom incredibly private estate sits on a corner lot of nearly 15,000 square feet in Palos Verdes Estates, with city lights, mountain, and downtown Los Angeles views from living room, dining room, kitchen, primary bedroom, and expansive primary bedroom deck. The newly remodeled kitchen features new quartz countertops, a matching quartz backsplash, updated cabinetry, stainless steel appliances, and new wide-plank flooring which runs throughout the home. Updated bathrooms, copper plumbing, fresh interior and exterior paint, along with updated light fixtures, complete the turnkey feel throughout. A standout feature is the 500+ sqft private, soundproofed recording studio, flexible enough to serve as a media room, dance studio, or creative workspace. A separate detached 3-car garage sits just off the courtyard, and a freshly resurfaced driveway. Outside, the pool anchors a backyard built for entertaining. Located within the highly desirable Palos Verdes School District, The Dreamweaver Estate sits minutes from Malaga Cove Plaza, coastal hiking trails, and the scenic drives that define Palos Verdes Estates. A rare opportunity to own a home with a story, in one of the South Bay's most sought-after communities.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 3.5 |
| Square foot | 4,191 | 2,761 |
| Lot Size | 14,625 | 10,706.5 |
| Price | $4.20M | $3.02M |
| Price per sq ft | $1.0K | $1.0K |
| Built year | 1959 | 1957 |
| HOA | $0 | $0 |
| Days on market | 6 | 61 |
Jul 16, 2026
$4,200,000
Initial Listing