1509 Lower Paseo La Cresta $8,800,000

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    1509 Lower Paseo La Cresta Palos Verdes Estates, CA 90274

    Closed
    SOLD 6/15/2022

    $8,800,000

    Market Estimate
    • 6 Beds
    • 9 Baths
    • 10,207 sq. ft.
    • Single-Family
    • MLS# PV22092587
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    Views: 69

    Property Details

    Description

    GOLDEN OPPORTUNITY to own this Grand Mediterranean Estate, located on one of the most desirable streets in Montemalaga area of Palos Verdes Estates. The huge 31,314 sq. ft. lot boasts Unobstructed Ocean, Catalina Island & Malibu Mountain views, garden landscape with fruit trees, north/south tennis court and indoor/outdoor pool & spa. This 10,207 sq. ft. mansion has been extensively and beautifully remodeled with the most intricate details. A formal entry leads to the grand foyer with ornamental crystal chandeliers & hand painted spiral staircase, and opens to the expansive balcony to showcase the mesmerizing views. The formal living room is adorned with European panel ceilings while the family room has hand painted ceiling mural. Both have a cozy fireplace and open to the view balcony outside. The Tuscany kitchen has chef grade appliances, large center island with breakfast bar and a casual dining area. It opens to the family room on one side and leads to the formal dining room with a butler station on the other side. A designer library is conveniently located in the front while a large functional office converted from a bedroom en-suite with 3/4 bathroom can be turned back to a main floor guest quarter. On the UPPER LEVEL, the master bedroom has a dressing room with 2 walk-in closets and a huge master bathroom with double vanities/showers/privacy toilet chambers. There are 4 more view bedroom en-suites with ample closet space, while ALL bedrooms have a view balcony for private enjoyment. Entertainment/leisure area is of abundance in this residence: besides a home theater, the LOWER LEVEL has an entertainment room for hosting a pool, BBQ or singing party and an adjacent maid's quarter currently used as a recreation/exercise room. An indoor elevator, 2 main floor powder rooms, 2 laundry rooms and a large 4 car garage with storage complete the wonderful residence. This luxury mansion has fine appointments such as hand painted murals, moldings & staircases, decorative fixtures that are meticulously procured and massive marble floors throughout. A must see property if you are in the market for the ultimate luxurious living experience.

    • General Features
      • Association Amenities Other
      • Association Fee 0.00
      • Buyer Compensation 2.500 %
      • Community Features Suburban
      • County Or Parish Los Angeles
      • Number Of Units Total 1
      • Property Condition Updated/Remodeled
      • Three-Qtr Bathrooms 1
      • YearBuilt 2000
    • Building Features
      • Appliances 6 Burner Stove,Built-In Range,Convection Oven,Dishwasher,Double Oven,Disposal,Gas Range,Gas Water Heater,Ice Maker,Microwave,Range Hood,Refrigerator,Self Cleaning Oven,Vented Exhaust Fan,Water Heater,Water Line to Refrigerator
      • Architectural Style Mediterranean
      • Bedrooms Total 6
      • Cooling Central Air, Zoned
      • Exterior Features Barbecue Private
      • Fireplace Features Family Room,Living Room,Master Bedroom,Gas
      • Flooring Stone,Tile,Wood
      • Full Bathrooms 6
      • Half Bathrooms 2
      • Heating Central,Zoned
      • Interior Features 2 Staircases,In-Law Floorplan,Balcony,Built-in Features,Cathedral Ceiling(s),Ceiling Fan(s),Coffered Ceiling(s),Crown Molding,Elevator,Granite Counters,High Ceilings,Living Room Deck Attached,Recessed Lighting,Sunken Living Room,Two Story Ceilings,Wet Bar,Wired for Sound
      • Laundry Features Individual Room,Inside,Upper Level,See Remarks
      • Levels Three Or More
      • Living Area 10207.00
      • Patio and Porch Features Covered,Deck,Patio Open,Stone,Wrap Around
    • Room Features
      • Eating Area Breakfast Counter / Bar, Breakfast Nook
    • Property Features
      • Lot Features Back Yard, Landscaped, Lot 20000-39999 Sqft
      • Lot Size Acres 0.71
      • View Error: ClassID in tblMLSFieldPropertyType is null.
      • Parking Total 4.00
      • Pool Private Y/N 1
      • Pool Features Private, Heated, In Ground, Solar Heat
    • Schools
      • Elementary School MONTEM
      • Middle Or Junior School PALVER
      • High School PALVER

    Neighborhood

    90274 (Palos Verdes Estates) Demographics

    51 Median Age
    1,890 Population Density (per sq. mile)
    81% College Educated
    $181,776 Estimated Median Income
    7,908 Estimated Total Home Owners
    985 Estimated Total Renters
    89% / 11% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    24,541 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $2,927,712 Median Sales Price
    30 Homes Sold
    44 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        6/15/2022 1:01:07 AM Status Changed Source: Multiple Listing Service New Value: Pending
        6/15/2022 12:00:00 AM Sold Source: Multiple Listing Service New Value: $8,800,000
        Based on information from California Regional Multiple Listing Service, Inc. as of 7/5/2022 10:51:07 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.