As we head into the final stretch of the year, the Palos Verdes real estate market continues to show steady activity. While the holidays often bring a slowdown, this past week tells a different story, with new listings coming to market, homes moving into escrow, and notable closings across the Peninsula. Below is a snapshot of the latest market activity, including new opportunities, pending sales, and recent closings.
What happened on the Peninsula last week?
December 9th - December 16th
High Sale
2101 Paseo Del Mar, Palos Verdes Estates | $7,575,000
House of the week is the bluff top sale on Paseo Del Mar for $7,575,000. There are so few homes that sell on the bluff that when one does sell, it’s truly notable. This exceptional bluff top home in Palos Verdes Estates just sold for $7,575,000, offering sweeping ocean views from one of the Peninsula’s most coveted stretches along Paseo Del Mar. The three bedroom, two and a half bath residence captures panoramic vistas of the Pacific, rolling hills, and dramatic coastline from nearly every room. High ceilings, expansive windows, and generous living spaces create a light filled, serene interior designed to showcase the breathtaking setting. Outdoors, beautifully landscaped grounds include an expansive patio and pool, creating a private retreat for entertaining or relaxing against the dramatic coastal backdrop.
Low Sale
3603 W Hidden Lane #210, Rolling Hills Estates | $1,150,000
This ocean view townhome in Rolling Hills Estates just sold for $1,150,000, offering an exceptional blend of coastal living and modern comfort. The recently updated three bedroom, two and a half bath home is move in ready and showcases stunning ocean views from both levels. A spacious, thoughtfully designed layout features a brand new kitchen with new appliances, updated flooring, fresh paint, new in-wall electric heaters, and refreshed patio landscaping. The ocean facing patio creates the perfect setting for entertaining or unwinding while enjoying sea breezes and vibrant sunsets. Additional highlights include an attached two car garage and a dedicated laundry room for added convenience. Residents enjoy access to resort style community amenities such as a pool, spa, tennis courts, clubhouse, and scenic walking trails, all within the award winning Palos Verdes Unified School District.
House of the Week
2101 Paseo Del Mar Palos Verdes Estates | $7,575,000
This exceptional 5,100+ square foot estate, set within an exclusive private and guard-gated city, showcases sweeping city, mountain, and ocean views across more than two usable acres. Soaring ceilings and striking architectural lines create an airy, open atmosphere, complemented by multiple living areas, a chef’s kitchen, four spacious bedrooms, and the rare luxury of three private offices.
Designed for true California living, the resort-style grounds feature a sparkling pool and spa, expansive lawns, and a separate guest house for added privacy. A circular motor court and five-car garage complete this remarkable property.Within the private City of Rolling Hills, residents enjoy unparalleled security, miles of hiking trails, community equestrian facilities, riding rings, lighted tennis courts, and pickleball. A rare opportunity combining space, lifestyle, and breathtaking natural beauty.
Here we are, just a week away from Christmas, and the market is still moving. The fact that there were 5 new listings and 8 homes that went into escrow over the past week shows that not everyone shuts down for the holidays. Some move out of necessity, while others move out of opportunity. The bluff home on Paseo Del Mar that just closed for $7,575,000 had been on and off the market for the past two years. It originally came to market at $11,000,000 and ultimately sold for $7,575,000. Someone found a very good opportunity.
As the year comes to a close, I want to take a moment to thank you for your trust. Whether we worked closely together or simply crossed paths along the way, it’s a privilege to do what I do, and that’s only possible because of the people I have the opportunity to work with.
Wishing you a season filled with warmth, peace, and meaningful time with those who matter most. I look forward to what the new year brings.
Happy Holidays,
Chris Adlam