The Palos Verdes Peninsula real estate market saw steady activity this past week, with a balanced mix of new homes, strong buyer engagement, and an increase in closed transactions. While the number of new listings dipped compared to the prior week, demand remained consistent across a wide range of price points, from entry level condos to luxury estates. Below is a look at the week’s activity.
What happened on the Peninsula last week?
November 18th – November 24th
High Sale
19 Caballeros Road, Rolling Hills | $3,700,000
This Rolling Hills estate just closed for 3,700,000, selling two and a half percent below the asking price in a trust sale. Positioned on a secluded knoll behind the gates of one of the Peninsula’s most exclusive communities, the single level residence offers unmatched privacy and incredible views stretching across city lights and distant mountain ranges.
The 3,191 square foot home features expansive glass walls, a spacious primary suite opening directly to the backyard, and a luxurious spa inspired bathroom. Outdoors, the property includes tiered gardens, a large pool, and multiple patios that create a resort style atmosphere. A long private driveway and mature landscaping emphasize privacy and a retreat like feel, all within minutes of top rated Palos Verdes schools.
Low Sale
71 Cresta Verde Drive, Rolling Hills Estates | $658,000
This townhome style condo sold for 658,000, closing six percent below the asking price in a trust sale. Offering two bedrooms and two and a half bathrooms, the residence provides an excellent opportunity for customization and future value. Located in a desirable community near golf courses, parks, bluff top trails, restaurants, and local entertainment, the complex includes resort style amenities such as a pool, spa, clubhouse, and two tennis courts. The primary suite enjoys an ocean view, and the living areas open to a private patio. Positioned within the award winning Palos Verdes Peninsula School District, the property was sold in its current condition with no repairs or credits, presenting a rare chance to create a personalized home in a highly sought after location.
House of the Week
40 Santa Catalina Drive, Rancho Palos Verdes | Sold for $3,500,000
This week’s standout property was a grand Tudor Revival estate in the exclusive Island View community, offering more than 7,200 square feet of living space on a 15,000 plus square foot lot. The home features six bedrooms, four and a half bathrooms, and a four car garage, along with bright interiors, soaring ceilings, and sweeping views of the ocean and Catalina Island. The backyard was designed for coastal living, complete with a pool, spa, and cold plunge. While the residence needs updating throughout, it offered an incredible opportunity to reimagine a Palos Verdes classic into a modern ocean view retreat.
The property sold for 3,500,000, which breaks down to approximately $481 per square foot, representing exceptional value for the size, location, and expansive views. Ideally positioned near top rated schools, shopping, and dining, this estate captured the essence of the Peninsula’s coveted coastal lifestyle.
