The Peninsula market is off to a strong start in the new year, with steady activity across all price points during the first two weeks of January. New listings continue to come to market, buyer demand remains active with a healthy number of homes entering escrow, and closed sales reflect continued momentum. Below is a snapshot of what’s happened so far, along with this week’s featured House of the Week — an exceptional new offering in upper Malaga Cove.
What happened on the Peninsula last week?
January 1st - January 14th
High Sale
1024 Via Nogales Palos Verdes Estates | $4,950,000
Built in 2017 from the ground up, this custom Coastal Farmhouse proves that true luxury is found in the details. Wide-plank wood floors, reclaimed barn wood, shiplap accents, exposed beams, and sleek Lowen black-metal windows set the stage for a home that feels timeless. At its center, the great room unfolds with a dramatic double-island kitchen complete with Wolf and Sub-Zero appliances, flowing effortlessly to the living room, formal dining room, and a pass-through pocket window to the outdoor bar, lounge with fireplace, and built-in BBQ. Upstairs, the primary suite is a private sanctuary with vaulted ceilings, French doors, a balcony, and sweeping ocean views, while the secluded, main level guest suite with its own entrance offers perfect hospitality. Downstairs, the 814-square-foot finished basement adapts as an exercise studio, playroom, or theater. Designed for California living, the saltwater pool, spa, fire pit, and multiple gathering spaces blur the lines between indoors and out, enhanced by Sonos sound with nine zones, Nest climate control, RTI automated lighting, and app-controlled pool systems. Capped with a standing-seam metal roof and surrounded by beautifully landscaped grounds with ample parking, this is more than a home, it’s a statement of design, lifestyle, and innovation.
Low Sale
29600 Island View Drive #300 Rancho Palos Verdes | $483,000
Recently sold over asking, this top-floor ocean-view end unit showcases exceptional potential and strong buyer demand. The spacious one-bedroom features high ceilings, a flagstone fireplace, private balcony, wet bar, in-unit laundry, and ample storage. Located in a desirable community with pool, spa, secure parking, elevator access, and community amenities, all set on a quiet cul-de-sac near parks, golf, shops, dining, and top-rated schools.
House of the Week
728 Via Somonte Palos Verdes Estates | $5,900,000
This exceptional Malaga Cove residence captures some of the most breathtaking ocean, coastline, and Queen's Necklace views on the Palos Verdes Peninsula. A rare offering, the home blends timeless Palos Verdes stone with the clean lines and sophistication of contemporary design.
Extensively upgraded and expanded, the property features new plumbing, electrical, doors, windows, roof, and air conditioning, offering modern performance and peace of mind. An expansive private courtyard leads to a dramatic entry, where an oversized pivot door opens to a light-filled interior.
The gourmet kitchen showcases custom Italian cabinetry and granite countertops, seamlessly connecting to the main living space. Oversized picture windows and sliding glass doors frame unobstructed north-facing views and open to a generous view deck, creating effortless indoor-outdoor flow. A wood-burning fireplace anchors the living area with warmth and architectural presence.
The primary suite is a refined retreat, featuring a luxurious bathroom with glass tile and marble inlay, a large walk-in closet, and a private laundry room. The lower level offers three additional ensuite bedrooms, providing comfort, privacy, and flexibility.
Beyond the main living spaces, the property offers two large, flat yard areas, an exceptional feature in Malaga Cove. The spacious side patio is anchored by a fireplace, creating multiple spaces for entertaining, play, and everyday enjoyment.
A striking floating staircase connects the home to the two-car garage and view landing, completing this thoughtfully designed residence where architecture, modern amenities, and extraordinary views converge.
Extensively upgraded and expanded, the property features new plumbing, electrical, doors, windows, roof, and air conditioning, offering modern performance and peace of mind. An expansive private courtyard leads to a dramatic entry, where an oversized pivot door opens to a light-filled interior.
The gourmet kitchen showcases custom Italian cabinetry and granite countertops, seamlessly connecting to the main living space. Oversized picture windows and sliding glass doors frame unobstructed north-facing views and open to a generous view deck, creating effortless indoor-outdoor flow. A wood-burning fireplace anchors the living area with warmth and architectural presence.
The primary suite is a refined retreat, featuring a luxurious bathroom with glass tile and marble inlay, a large walk-in closet, and a private laundry room. The lower level offers three additional ensuite bedrooms, providing comfort, privacy, and flexibility.
Beyond the main living spaces, the property offers two large, flat yard areas, an exceptional feature in Malaga Cove. The spacious side patio is anchored by a fireplace, creating multiple spaces for entertaining, play, and everyday enjoyment.
A striking floating staircase connects the home to the two-car garage and view landing, completing this thoughtfully designed residence where architecture, modern amenities, and extraordinary views converge.
