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2501 Novato Place

Palos Verdes Estates, 90274

5 Bd
5 Ba
3,305 Sqft
25,456 Lot
$3,900,000 SOLD Price | Closed 9/19/23
Closed Status
11 Days on Market
Jul 10 First Day Active
$3,800,000 Start Price

Description

This iconic Tudor home in the Montemalaga neighborhood of PVE is a charming and nostalgic property with a captivating old-world feel. Situated on a corner, spanning over half an acre on a secluded cul-de-sac, this estate offers ambiance that is sure to impress. Upon arrival, you are greeted by a stately semi-circular driveway that provides ample family and guest parking. The expansive front yard can accommodate a wide range of outdoor activities for both children and adults. Upon entering the foyer, you are entranced by the stunning interior with its open and airy layout. Each space in this home has been thoughtfully and meticulously updated. The custom kitchen is a chef’s dream with Italian marble countertops, rich cabinetry, a built-in bread box, a pantry with abundant storage, counter seating, and high-end appliances. The kitchen overlooks lush foliage in the backyard, the pool, and 2 water features as well as an ocean peek of the iconic Queen’s Necklace.The stately dining room has a vaulted wood ceiling, room for a 12 person table, wood burning fireplace and overlooks the yard—perfect for viewing sunsets. The living room is where you’ll spend quality time—enjoying family, entertaining, relaxing, reading, or watching the fire burn in the exquisite fireplace featuring antique brick. There is also a separate light-filled office. With a total of 5 bedrooms, 4.5 bathrooms, privacy and comfort are ensured for both residents and guests. The home offers a primary ensuite bedroom that showcases stunning views of the picturesque outdoors and the city lights view at night. The primary bath is spa-like with soaking tub (featuring a Fortuni chandelier), enclosed shower, and double sink vanity. There are 3 more bedrooms on the main floor and a completely separate suite downstairs with its own exterior door - superb for guests. The backyard features a pool, spa, 2 water fountains, and a brick patio with a built-in BBQ, sink, and refrigerator. Moreover, scenic views of the city, Disneyland fireworks, and a glimpse of the Queen's Necklace are available out back. The property also boasts a variety of mature fruit trees and raised garden beds. You can indulge in fresh fruit from apple, avocado, banana, lemon, orange, fig, plum, and 2 types of pear trees. The garage has been newly epoxied providing both a clean and functional space with laundry and wall to wall storage. This exceptional property blends timeless elegance with modern amenities in a serene private setting.

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Property Details for 2501 Novato Place

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Lauren Forbes
Listing Brokered By
Compass
Type
Residential, Single Family Residence
Year Built
1956 (Other)
MLS Area
162 - Monte Malaga

Price and MLS Information

Status
Closed | Listing History
MLS Days on Mkt.
11 DOM
Combined DOM*
11
First Date Active
July 10th, 2023
Closing Date
September 19th, 2023
Sold Price
$3,900,000
Sold PPSF
$1,180
Orig. List Price
$3,800,000
MLS® #
SB23121468
APN
7545014004
Special
Standard

Home Interior Information

Levels/Stories
Two
Bedrooms
5
Total Baths
5
Full Baths
4
Half Baths
1
Int. Sqft.
3,305
Flooring
Brick, Laminate, Stone, Wood
Heating
Central, Electric, Forced Air, Fireplace(s), Zoned
Cooling
Central Air, Electric, Gas, Zoned
Appliances
Built-In Range, Barbecue, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Indoor Grill, Microwave, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Vented Exhaust Fan, Water To Refrigerator, Water Purifier, Dryer, Washer
Int. Features
Beamed Ceilings, Brick Walls, Block Walls, Crown Molding, Cathedral Ceiling(s), High Ceilings, Open Floorplan, Pantry, Stone Counters, Recessed Lighting, Storage, Tile Counters, Track Lighting, Wired for Data, Attic, Bedroom on Main Level, Instant Hot Water, Main Level Primary, Multiple Primary Suites, Primary Suite, Walk-In Pantry
Fireplaces
Dining Room, Family Room, Gas
Windows
Blinds, Casement Window(s), Drapes, Wood Frames

Room Information

Laundry
CommonArea, InGarage

Exterior Information

Lot Description
Corner Lot, Cul-De-Sac, Front Yard, Garden, Gentle Sloping, Sprinklers In Rear, Sprinklers In Front, Landscaped, Level, Rectangular Lot, Sprinklers Timer, Sprinkler System, Street Level, Trees, Yard
Lot Size (sq. ft.)
25,456
Lot Size (acres)
0.58
Roof
Shake, Wood
Security
CarbonMonoxideDetectors, SmokeDetectors
Pool
Filtered, Gas Heat, Heated, In Ground, Pool Cover, Permits, Private, Tile, Waterfall
Parking Spaces
7
Garage Spaces
2

View, Style & Tour Information

View
City Lights, Peek-A-Boo
Style
Tudor

Utilities Information

Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
Electric
ElectricityOnProperty, Item220VoltsinGarage, Item220VoltsinKitchen, Item220VoltsinLaundry, Item220VoltsForSpa, Item220VoltsinWorkshop
Water Source
Public

Additional Information

Prop. Condition
UpdatedRemodeled, Turnkey
Zoning
PVR1*
Buyer's Brokerage Fee
2.500
Co-Agent
Roma Barba
Co-Agent Office
Compass

* 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

2501 Novato Place, Palos Verdes Estates, (MLS® #SB23121468)

Date Details Price Change
Closed $3,900,000
Pending
Active Under Contract (from Active)
First Day Active $3,800,000
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Listing Summary

Quick Summary of 2501 Novato Place: This 5 Bedroom/5 Bathroom home in Palos Verdes Estates is priced at $3,800,000 ($1,150/PSF) . The 3,305 sqft. Single Family Residence residence was originally built in 1956 and was listed on July 10th, 2023 at $3,800,000, showing 11 Days on Market currently. Contact Dave Fratello today for more information or to go see 2501 Novato Place.

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Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 8:15am 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.