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As of early August, $12.5 million emerged because the candy spot for report 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 arduous to know whether or not the report will stand for the remainder of 2023. Final 12 months, the most costly residence on the Palos Verdes Peninsula offered for $17.1 million whereas in 2021, the report sale was $16.6 million, property information present.
The newest sale, a recent residence 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 bogs sits on a bluff above the coast with no houses 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 transform by Pritzkat & Johnson Architects of Redondo Seashore was accomplished in 2023, including facilities, resembling a pickleball court docket and an infinity pool with unobstructed ocean views. “It seems like an entire new residence,” 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 situated alongside the shoreline of the South Bay. Leisure locations within the small metropolis embody Palos Verdes Bluff Cove Seashore 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 residence on Georgeff Highway in Rolling Hills Estates set the present 2023 report worth of $12.5 million. The home is about atop lush canyons with coastal views and horseback driving and climbing trails close by. It offered in in the future.
Suzanne Dyer was the itemizing agent for each gross sales.
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