As of early August, $12.5 million emerged because the candy spot for file gross sales on Southern California’s tony Palos Verdes Peninsula. Two properties—a 6,000-square-foot property in Palos Verdes Estates and a 10-acre hilltop residence in Rolling Hills Estates—offered for the highest worth within the final six months.
It’s onerous to know whether or not the file will stand for the remainder of 2023. Final yr, the most costly dwelling on the Palos Verdes Peninsula offered for $17.1 million whereas in 2021, the file sale was $16.6 million, property information present.
The newest sale, a recent dwelling at 952 Paseo La Cresta in Palos Verdes Estates, was accomplished in July. “It was very quick,” says promoting agent Suzanne Dyer of Strand Hill Properties. “The client was in Dubai on a enterprise journey, and he noticed it come up on-line and fell in love with it. He flew again … and purchased it.”
The 2-story residence with 5 bedrooms and 6 loos sits on a bluff above the coast with no properties between the property and the ocean. The design—glass partitions on all ocean-facing rooms—takes full benefit of the placement. Inside, the open ground plan with cathedral ceilings permits plentiful pure mild and views.
A ground-up rework by Pritzkat & Johnson Architects of Redondo Seaside was accomplished in 2023, including facilities, akin to a pickleball courtroom and an infinity pool with unobstructed ocean views. “It appears like a complete new dwelling,” Dyer says.
The house’s setting feels serene and personal, beginning with tranquil water options within the entrance courtyard to the again of the home with a big garden. The first bed room has a personal out of doors space and Jacuzzi. The house additionally has a three-car storage, wine cellar and out of doors eating and lounging areas for entertaining.
Palos Verdes Estates is positioned alongside the shoreline of the South Bay. Leisure locations within the small metropolis embody Palos Verdes Bluff Cove Seaside and Lunada Bay (for browsing and seaside actions), the 18-hole Palos Verdes Golf Membership—designed in 1923—and the Palos Verdes Tennis Membership.
In March, the sale of a hilltop home on Georgeff Highway in Rolling Hills Estates set the present 2023 file worth of $12.5 million. The home is ready atop lush canyons with coastal views and horseback using and mountain climbing trails close by. It offered in sooner or later.
Suzanne Dyer was the itemizing agent for each gross sales.