12 days on rocket

1502 Paseo La Cresta, Palos Verdes Estates, CA, 90274

$8,500,000

6 Bedrooms
5 Full Baths, 1 Partial
7,556 SqFt
$1,125/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingDoor-Multi, Garage
Attached Garage3 spaces
Year Built2000
HeatingCentral
CoolingCentral Air
FireplaceFamily Room, Living Room, Primary Bedroom
ViewPark, Ocean
Private PoolYes
MLS #SB24087729
Lot Size0.72 Acres
StatusActive

About 1502 Paseo La Cresta

Nestled within an exclusive enclave of the Montemalaga neighborhood, this exquisite ocean-view tennis estate offers unparalleled luxury and privacy. Beyond its private gated entry, you're welcomed by a grand foyer boasting a dramatic double staircase and a domed ceiling, setting the tone for elegance throughout. The main level features a step-down formal living room with herringbone wood floors, oversized windows framing panoramic ocean vistas, and a carved wood fireplace. The formal dining room with a fireplace, elegant stone floors, thick moldings, and built-in cabinetry allows you to entertain in style. The gourmet kitchen boasts a massive stone-topped island and high-end appliances, including an oversized Sub-Zero refrigerator, Viking 6-burner range, 3 Thermador ovens, 2 dishwashers, a warming drawer, and a convenient butler's pantry. The kitchen seamlessly flows into the sunken family room, accented by a fireplace and graceful curved windows, with a spacious breakfast room leading to the rear yard oasis. Outside, discover resort-style amenities, including a pool, spa, multiple seating areas with fireplaces and fountains, and a new outdoor bar and barbecue. Sports enthusiasts will appreciate the tennis court with a dedicated viewing area overlooking the action and captivating ocean views. Paved, lighted walkways wind through hidden vegetable gardens. Upstairs, the sprawling primary suite boasts stunning views, an adjoining office or bedroom, and a private viewing balcony. The primary bathroom is a sanctuary with a large spa tub, steam sauna shower, and a completely reconstructed closet with a luxury custom organization system. Entertain guests in the game room featuring a coffered ceiling, bar, and drop-down concealed screen with ocean views. Downstairs, a dedicated guest suite with separate access ensures comfort and privacy for visitors. Wine enthusiasts will delight in the extensive wine room with custom wood paneling, a pool table, and display cabinets. Details such as rich wood floors and cabinetry, custom arched doorways, oversized interior doors, gorgeous windows, intricate moldings, and stone accents are a nod to the quality of the construction and the timeless appeal of this palatial residence. This is a rare opportunity to experience coastal living at its finest.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 2000
  • Stories: 2
  • Living Area: 7,556 SqFt

Listing Office:

  • Office Name: Vista Sotheby’s International Realty
  • Office Phone: (310) 546-7611
  • Listing Agent: Cari Corbalis

Interior Features

Interior Information:

  • Interior: Beamed Ceilings, Balcony, Granite Counters, Multiple Staircases, Pantry, Bar, Bedroom on Main Level, Primary Suite, Walk-In Closet(s)
  • Fireplace: Family Room, Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Park, Ocean

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Door-Multi, Garage

Virtual/3D Tour

  • 3D Tour: 1502 Paseo La Cresta

3D Tour

Lot Features

Lot Information:

  • Lot Size: 0.72 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: off Via Coronel

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,500,000
  • Price Per SqFt: $1,125/SqFt

Tax Information:

  • Annual Amount: $54,705
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Palos Verdes Estates, CA.

Med. Sold Price

$2.6M

Med. Price/SqFt

$1,039

Avg. Days On Market

17

# of Sold Homes

15

1502 Paseo La Cresta vs Palos Verdes Estates

12 DAYS ON ROCKET

-5 Days

$8,500,000

+$5.8M More

$1,125/SqFt

+$85 More

KEY TAKEAWAY

This property is $5.8M more than the Median Sold Price and $85/SqFt more than other homes in Palos Verdes Estates, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB24087729

Listing Office:

  • Office Name: Vista Sotheby’s International Realty
  • Office Phone: (310) 546-7611
  • Listing Agent: Cari Corbalis

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/23/2024, 6:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 01, 2001Home Sold
$4,600,000
Aug 20, 1998Home Sold
$2,800,000

Tax History

YEARPROP. TAXASSESSMENT
2021$54,705$4,792,568
2020$52,365$4,743,427
2019$51,721$4,635,120
2018$48,852$4,544,237
2017$48,852$4,455,135

History based on county public records data.

Payment Calculator

$42.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$25.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-728295
9
/10
  • Montemalaga Elementary School

  • 1121 Via Nogales

  • 0.50 miles

  • Public District Grades KG-5

school-card-donut-728296
9
/10
  • Cornerstone At Pedregal Elementary School

  • 6069 Groveoak Pl

  • 0.79 miles

  • Public District Grades KG-5

school-card-donut-728297
9
/10
  • Vista Grande Elementary School

  • 7032 Purple Ridge Dr

  • 0.97 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $221,599. The majority of Palos Verdes Estates, CA residents have income $200k+ annually. The majority of families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1502 Paseo La Cresta

What is the listing price of this property?

The listing price of 1502 Paseo La Cresta property is $8,500,000.

What type of property is this?

The property 1502 Paseo La Cresta is a house located in Palos Verdes Estates, California, 90274.

Is this property for sale now?

Active Listing: 1502 Paseo La Cresta is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $54,705 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 1, 2001 for $4,600,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1502 Paseo La Cresta has 6 bedrooms and 5 full and 1 half bathrooms.

What is the square footage of this property?

The property 1502 Paseo La Cresta is 7,556 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1502 Paseo La Cresta is 2000.
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Rocket HomesCaliforniaLos Angeles CountyPalos Verdes Estates902741502 Paseo La Cresta

This home is located at 1502 Paseo La Cresta in Palos Verdes Estates, CA and zip code 90274 in the Monte Malaga neighborhood. This 7,556 square foot home, which was built in 2000, sits on a 0.72 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since May 11, 2024 and is currently priced at $8,500,000.

While more than 6 listings in Palos Verdes Estates, CA in April 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 7 were sold below. The number of listings in Palos Verdes Estates, CA increased by 9.2% between March 2024 and April 2024. While the average time on the market in April 2024 was 17 days, the median list price was $2,640,000.

From Rocket Homes Real Estate and based on county public records data.

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