Palos Verdes Estates – Luxury Real Estate

You want some luxury real estate?  Check out Palos Verdes Estates – a beautiful part of the Palos Verdes Peninsula mainly occupying the west and north end of the peninsula.   Valmonte, Malaga Cove, Monte Malaga and Lunada Bay are the players here.  Currently there are a total of 51 homes for sale in PVE.  Let’s look at each small section and see what’s looking hot.

Valmonte – the northern-most neighborhood (sometimes referred to as the Grove because of all the eucalyptus trees there.)  There is also an “exclusive to PVE residents” golf and tennis country club – the PV Country Club….the clubhouse was just re-built and is gorgeous.  Valmonte borders the South Torrance Beaches and is the closest PVE neighborhood to the Beach Cities.  Currently there are all of 9 homes for sale there – the inventory is dramatically low.  That neighborhood experienced a 4% increase in its average sales price – 2007 vs 2006…not bad for a “bad year.”  The lowest priced home right now is listed for $999,999 (a “diamond in the rough” the listing starts off…although it doesn’t look too bad from the photo) and the most expensive home lists for $2.550 million (new construction – something we don’t see too much of and nicely staged inside.)

Next we’re off to Malaga Cove – one of the more expensive and beautiful parts of the Peninsula.  The “Beach Club” is located in Malaga Cove.   Currently there are 6 homes for sale to chose from in this gorgeous bluffside neighborhood.  The least expensive home is $1,695,000 and is a fixer upper with quite a smashing view.    Something you can “make your own.”  Or – you could go to the high end of the list and spend $4.2 million on a “build your dream home later” 1-1/4 acre panoramic ocean view lot.

Next we head up the hill – to Monte Malaga – there are some serious views of the Queen’s Necklace from up here.  As of today – there are 18 homes for sale here (the highest amount of inventory is in this neighborhood of PVE.)  The least expensive home is listed for $1,449,00 right now and is located on Granvira Altimira – a main road that runs through PVE and takes you into Rancho Palos Verdes.  It is also a “fantastic opportunity” to build your dream house later….it does offer some views and a pool.   So what’s the most expensive house in PVE – it’s in Monte Malaga and its list price is $12,990,000…strangely there is only one picture in the MLS for this one.  Guess when you’re thinking of spending $12.9 million dollars one picture is enough???  Here’s the picture that’s going to sell you a $12.9 million dollar house – ready?!  Don’t know if that picture is knocking my socks off. 

The last and most southerly bluff-side neighborhood of Palos Verdes Estates is the ever lovely, Lunada Bay.  Noted for it’s gorgeous fountain right in the middle of the Drive (Palos Verdes Drive West.)  Inventory in Lunada Bay is more plentiful and you have 18 homes to chose from starting at an “affordable” $1,049,000 – and this is a brand new listing – first showings will be Tuesday from 11-1 for the brokers…..it’s pretty much all original with wood paneling.  The upper end of Lunada Bay is not too bad – $3.495 affords you amazing ocean & Catalina Island views including romantic sunset views as evidenced by our MLS lead photo for the property This home offers over 6200 sq ft in two remodeled floors including a beautiful kitchen…seems like a lot of house to me. 

Palos Verdes Estates is a wonderful place to call home.  They tout their wonderful school system – Palos Verdes Unified School District – some of the best around – as well as many acres of parkland.  Wouldn’t be be a bad place to end up if you ask me!