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1502 Paseo La Cresta

Palos Verdes Estates, 90274

6 Bd
6 Ba
7,556 Sqft
31,236 Lot
$8,500,000 Current Price
Active Status
38 Days on Market
May 10 First Day Active
$8,500,000 Start Price

Description

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.

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Property Details for 1502 Paseo La Cresta

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Cari Corbalis
Listing Brokered By
Vista Sotheby’s International Realty
Type
Residential, Single Family Residence
Year Built
2000 (Assessor)
MLS Area
162 - Monte Malaga

Price and MLS Information

Status
Active | Listing History
MLS Days on Mkt.
38 DOM
Combined DOM*
38
First Date Active
May 10th, 2024
Current Price
$8,500,000
Current PPSF
$1,125
Orig. List Price
$8,500,000
MLS® #
SB24087729
APN
7544022016
Special
Standard

Home Interior Information

Levels/Stories
Two
Bedrooms
6
Total Baths
6
Full Baths
5
Half Baths
1
Int. Sqft.
7,556
Heating
Central
Cooling
Central Air
Int. Features
Beamed Ceilings, Balcony, Granite Counters, Multiple Staircases, Pantry, Bar, Bedroom on Main Level, Primary Suite, Walk-In Closet(s)
Fireplaces
Family Room, Living Room, Primary Bedroom

Room Information

Room Type
Bonus Room, Family Room, Living Room, Main Floor Bedroom, Primary Suite, Walk-In Closet
Laundry
LaundryRoom
Kitchen Features
Kitchen Open to Family Room, Remodeled Kitchen
Bathroom Features
Bathtub, Shower, Double Sinks in Primary Bath

Exterior Information

Lot Size (sq. ft.)
31,236
Lot Size (acres)
0.72
Roof
Tile
Pool
In Ground, Private
Parking Spaces
3
Garage Spaces
3

View, Style & Tour Information

View
Park/Greenbelt, Ocean
Style
Colonial

Utilities Information

Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source
Public

Additional Information

Prop. Condition
Turnkey
Co-Agent
Brittney Austin
Co-Agent Office
Vista Sotheby’s International Realty

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.

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Neighborhood Information

MLS Area
162 - Monte Malaga
City/State
Palos Verdes Estates
Zip Code
90274
County
Los Angeles
# of Units
1
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School Information

District
Palos Verdes Peninsula Unified
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Listing/Price History

1502 Paseo La Cresta, Palos Verdes Estates, (MLS® #SB24087729)

Date Details Price Change
First Day Active $8,500,000
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Listing Summary

Quick Summary of 1502 Paseo La Cresta: This 6 Bedroom/6 Bathroom home in Palos Verdes Estates is priced at $8,500,000 ($1,125/PSF) . The 7,556 sqft. Single Family Residence residence was originally built in 2000 and was listed on May 10th, 2024 at $8,500,000, showing 38 Days on Market currently. Contact Dave Fratello today for more information or to go see 1502 Paseo La Cresta.

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Based on information from California Regional Multiple Listing Service, Inc. as of June 17th, 2024 at 4:55pm PDT. 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.