Listed By:
Devin Jensen with Jensen Realty; 310-809-2891
Address
2901 Via Alvarado, Palos Verdes Estates, CA
Price
$ 3,625,000
Property Attributes
  • MLS#SB24009087
  • TypeSingle Family
  • CountyLOS ANGELES
  • CityPalos Verdes Estates
  • AreaLunada Bay-Margate
  • Zip90274
  • StyleRanch
  • Price$ 3,625,000
  • Bedrooms4
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2490
  • Lot Size0.5584 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

Massive almost 300k price drop on one of the rarest properties in Lunada Bay! This truly one of a kind estate is a canvas for both the current residence and the future luxurious home. The current homes is move in ready with 2,490 sqft and approved plans for 6,267 sqft house. The property is a retreat into a world of elegance, comfort, and awe-inspiring vistas, situated on one of PVE’s largest and flat OCEAN/CATALINA VIEW LOT. Additional allure lies in the potential for these views to become even more magnificent with the approved plans for a large second story, and expanded first. Future homeowners will enjoy vast panoramic vistas of the ocean, creating a living experience defined by its breathtaking surroundings. Currently, the home sits move-in ready with stainless steel appliances, quartz countertops, and refinished pool with pebble tec. Live in and enjoy the home before you build or simply add on to the existing footprint! The new residence plans are for over 7,000 customizable sq ft. The future home, boasting a remarkable 6,267 sq ft of living space, is a testament to opulence and design. Additionally, the plans include a 1,260 sq ft workshop with 6 car garage, catering to an avid car collection or allowing room for various hobbies. This transformative potential makes 2901 Via Alvarado one of the most unique and desirable investments of the new year. The property's massive lot, a rarity in Palos Verdes Estates, offers both privacy and space. It includes a huge grass yard—over double the size for this neighborhood—with an abundance of room to entertain, plant a garden, add a pickleball court, or lounge by your beautiful pool. This property represents a unique opportunity: a beautiful, functional home today and the potential for a majestic, custom-designed residence tomorrow. It's a rare offering that combines present comfort with future grandeur, all set in a location known for its exclusivity and tranquility. It provides an exclusive lifestyle that blends indoor comfort with outdoor splendor. Living in Palos Verdes Estates means being part of a quiet, secluded, and affluent community, known for its amazing hiking trails, oceanfront beach club, historic golf and tennis clubs, and highly regarded public schools. This property is easy access to Terranea Resort, Golden Cove shopping center and Trump National Golf Club. If you plan on building from the start, the hard part has been completed for you. Break ground the day escrow closes.

Price History
1/17/2024 Listed $3,975,000
2/6/2024 3% - $3,895,000
2/29/2024 6% - $3,685,000
4/5/2024 2% - $3,625,000

General Features

Interior Features BeamedCeilings,CeilingFans
Sewer PublicSewer
Heating Central
Cooling None
Appliances BuiltInRange,ConvectionOven,Dishwasher,WaterHeater
Zoning PVR1*
HOA 0.0
Garage Spaces 6.0
Patio/Porch Features Covered
Architectural Style Ranch
Pool Features InGround,Private
Year Built 1963
View Catalina,Ocean,Water
Stories 1
Levels One
Property SubType SingleFamilyResidence
Community Features Hiking,Stables
County Los Angeles
New Construction No
Property Type Residential
HOA / Comm Assn No
Attached Garage Yes
Garage Y/N Yes
Special Listing Conditions Standard
Status Active
Directions Palos verdes Dr W to Via Anacapa to via sola corner of alvarado
City Palos Verdes Estates
Entry Location street
View Y/N Yes
Senior Community Y/N No
High School District Palos Verdes Peninsula Unified
Total Units 1
MLS Area 160 - Lunada Bay/Margate
Lot Size Square Feet 24322.0
Private Pool Yes
Waterfront Y/N No
Carport Y/N No
Street Name Via Alvarado
Listing Terms Conventional
Spa Features None
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://www.wellcomemat.com/mls/54fbab585b5b1lh6g
Days on Market 82
Structure Type House
Standard Status Active
Occupancy Description Owner
Year Built Source Assessor
Tax Lot 11
Virtual Tour https://www.wellcomemat.com/video/54fbab585b5b1lh6g/PVE/CA/90274/Via-Alvarado/SB24009087/
Property Sub Type Additional SingleFamilyResidence
MobileHomeRemainsYN No

Interior Features

Fireplace Features FamilyRoom
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N Yes
Full Baths 3
Laundry Features Inside,LaundryRoom
Total Bedrooms 4
Entry Level 1
Electric On Property Y/N No
Main Level Bedrooms 4
Main Level Bathrooms 4
LivingAreaSource Assessor
Total Baths 3
Living Area Units SquareFeet

Exterior Features

Lot Features BackYard,FrontYard,Lawn,Yard
Water Source Public
Total Parking 6.0
Lot Size Area 24322.0
Spa No
Lot Size Acres 0.5584
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 90274

Price
AVG $6.22M
$3.63M
Visits
AVG 344
269
Data Provided by Inside Real Estate®
Year Built
AVG 1976
1963