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940 Paseo La Cresta

Palos Verdes Estates, 90274

5 Bd
6 Ba
7,734 Sqft
65,479 Lot
$5,100,000 SOLD Price | Closed 4/30/26
Listing provided by Gayle Probst, Estate Properties
Closed Status
403 Days Active in MLS
Mar 3 First Day Active
$7,200,000 Start Price

Description

Spectacular Ocean & Catalina Views – A Rare Luxury Estate! Experience breathtaking views from this expansive estate, boasting over 7,700 sq. ft. of living space on an impressive 65,479 sq. ft. lot. Designed for both grand entertaining and intimate gatherings, this home features multiple living and dining areas, two family rooms, and a gourmet center-island kitchen. The luxurious master suite is a private retreat, complete with a spa-like bath and sauna.

Step outside into a resort-style backyard, where lush landscaping surrounds multiple seating areas, a sparkling pool and spa, a tennis court, and unobstructed ocean views extending to Catalina. A private gated entry and expansive driveway provide security and convenience, making this home perfect for hosting guests.

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Property Details for 940 Paseo La Cresta

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Gayle Probst
Listing Brokered By
Estate Properties
Buyer’s Agent
Matthew Cox, Cove & Key Real Estate
Type
Residential, Single Family Residence
Year Built
1981 (Assessor)
MLS Area
162 - Monte Malaga

Price and MLS Information

Status
Closed | Listing History
Days Active in MLS
403 DAM
Cumulative DAM*
403
First Date Active
March 3rd, 2025
Closing Date
April 30th, 2026
Sold Price
$5,100,000
Sold PPSF
$659
Orig. List Price
$7,200,000
MLS® #
PV25046515
APN
7541020015
Special
Trust

Home Interior Information

Levels/Stories
Two
Bedrooms
5
Total Baths
6
Full Baths
6
Int. Sqft.
7,734
Flooring
Carpet, Tile
Heating
Central, Forced Air
Cooling
Central Air
Appliances
Barbecue, Built-In Range, Dishwasher, Disposal, Double Oven, Freezer, Gas Oven, Gas Range, Gas Water Heater, Indoor Grill, Microwave, Refrigerator, SixBurnerStove, Vented Exhaust Fan
Int. Features
Balcony, Bar, Beamed Ceilings, Bedroom on Main Level, Breakfast Area, Breakfast Bar, Built-in Features, Ceiling Fan(s), Dressing Area, Elevator, Main Level Primary, Multiple Staircases, Primary Suite, Recessed Lighting, See Remarks, Separate/Formal Dining Room, Storage, Sunken Living Room, Tile Counters, Utility Room, Wet Bar
Fireplaces
Dining Room, Family Room, Living Room, Primary Bedroom, Recreation Room
Windows
Double Pane Windows, Skylight(s), Stained Glass

Room Information

Room Type
Primary Bedroom, Primary Bathroom, Primary Suite, Laundry, Main Floor Primary Bedroom, Sauna, Main Floor Bedroom, Office, Dressing Area, Living Room, Family Room, Formal Entry, Game Room, Entry, Kitchen, Utility Room, Wine Cellar, Separate Family Room, Walk-In Closet
Eating Area
Breakfast Counter / Bar, Dining Room, See Remarks, Breakfast Nook
Laundry
WasherHookup, GasDryerHookup, Inside, LaundryRoom, UpperLevel
Kitchen Features
Tile Counters, Kitchen Open to Family Room, Pots & Pan Drawers, Kitchen Island, Utility sink
Bathroom Features
Tile Counters, Exhaust fan(s), Main Floor Full Bath, Jetted Tub, Double sinks in bath(s), Privacy toilet door, Bathtub, Double Sinks in Primary Bath, Shower

Exterior Information

Lot Description
Back Yard, Front Yard, Gentle Sloping, Lot Over 40000 Sqft, Secluded, Sprinkler System
Lot Size (sq. ft.)
65,479
Lot Size (acres)
1.50
Roof
Tile
Security
SecuritySystem, SecurityGate, SecurityLights
Pool
Diving Board, In Ground, Private, Salt Water
Parking Spaces
9
Garage Spaces
3

View, Style & Tour Information

View
Catalina, Ocean, Panoramic, Water
Style
Contemporary

Utilities Information

Utilities
Sewer Connected, Underground Utilities
Water Source
Public

Additional Information

Zoning
PVR1*

* Cumulative DAM (CDAM) 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 Active in MLS count, or sellers may change agents when a property has failed to sell.

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Get directions to this property:

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

940 Paseo La Cresta, Palos Verdes Estates, (MLS® #PV25046515)

Date Details Price Change
Closed $5,100,000
Active Under Contract (from Active)
Price Reduced (from $6,799,000) $5,950,000 $849,000 (12.49%)
Price Reduced $6,799,000 $401,000 (5.57%)
First Day Active $7,200,000
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Listing Summary

Quick Summary of 940 Paseo La Cresta: This 5-bedroom, 6-bathroom home in Palos Verdes Estates is priced at $5,950,000 ($769/PSF). The 7,734 sqft. Single Family Residence was originally built in 1981 and was listed on March 3rd, 2025 at $7,200,000, active on the MLS for 403 days. Contact Dave Fratello today for more information or to go see 940 Paseo La Cresta.

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Based on information from California Regional Multiple Listing Service, Inc. as of June 9th, 2026 at 4:45am 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.