$8,500,000
SOLD SEP 11, 2024

2 Buggy Whip Dr Rolling Hills, CA 90274

4 Beds
4.5 Baths
8,000 Sq Ft
2.36 Acres

Recently Sold

$1,062 Per Sq Ft

34% Below List Price

283 Days on Market

Highlights

  • Ocean View
  • Tennis Courts
  • Gated with Attendant
  • Dapplegray Elementary School Rated A+
  • Wine Cellar
  • In Ground Pool

About This Home

As of September 2024

View! View!! View!!! Nestled in the exclusive Rolling Hills community, this custom-built tennis estate exemplifies the pinnacle of opulent living with mesmerizing Queen's necklace, coastline, and the sparkling city views and fine appointments throughout the house. With over 2 acres of land, the property is enveloped by majestic trees and a gated entrance, providing a tranquil and exclusive retreat. As you approach the estate, the tennis court and the circular driveway set the tone for the grandeur that awaits. Once inside, the high ceilings and natural light from the skylights set the ambiance throughout the house. Wall-to-wall glass from the living areas also merge the indoor and outdoor spaces seamlessly while providing unobstructed views outside. The large formal living room features a stately fireplace whereas the spacious family room and dining area are perfect for gatherings, all surrounded by breathtaking views. The chef's kitchen features a delightful casual dining area, large center island and expansive granite countertops & cabinets. There's a library/office that can be converted into a bedroom whereas a bonus room is ready to suit your lifestyle needs. Meanwhile, separate laundry room in the main & lower level add to your convenience. Most of the bedrooms in this luxurious mansion enjoy the awe-inspiring views. The grand primary suite is a sanctuary of its own, with a cozy fireplace, a generous walk-in closet and a resort style bathroom for ultimate relaxation. There is an en-suite bedroom while two other bedrooms share a Jack-and-Jill bathroom. The lower level features 2 large recreation/game room with a full bathroom, another opportunity to convert into additional bedrooms. There is also a bar and a wine storage & tasting room for the wine enthusiasts. While you bask in the beauty of the outdoors from the view deck, you will find a built-in BBQ and a firepit for outdoor gatherings as well as a large pool and spa area for additional fun. A horse riding ring and a stable, converted into a guest house without permit and not counted in the square footage, can also be converted back for the horse lovers. With unrivaled luxury, privacy, and awe-inspiring views, this luxury estate is a rare opportunity to own a piece of paradise in an exclusive and secluded location.

Last Agent to Sell the Property

Stephen Haw

Keller Williams Palos Verdes Brokerage Phone: 310-503-9886 License #00808646 Listed on: 11/05/2023

Keller Williams Palos Verdes

Last Buyer's Agent

Dennis Hartley

Compass License #00836047

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $85,397

Year Built

  • Built in 2001

Lot Details

  • 2.36 Acre Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Property is zoned RHRA52*

Parking

  • 3 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Side Facing Garage
  • Two Garage Doors
  • Garage Door Opener
  • Circular Driveway

Property Views

  • Ocean
  • Coastline
  • Panoramic
  • City Lights
  • Mountain

Home Design

  • Concrete Roof

Interior Spaces

  • 8,000 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Built-In Features
  • Beamed Ceilings
  • Cathedral Ceiling
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Custom Window Coverings
  • Blinds
  • Double Door Entry
  • Sliding Doors
  • Wine Cellar
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • L-Shaped Dining Room
  • Home Office
  • Bonus Room
  • Storage

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Built-In Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Tile Countertops

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Mirrored Closets Doors
  • Jack-and-Jill Bathroom
  • Bathroom on Main Level
  • Granite Bathroom Countertops
  • Stone Bathroom Countertops
  • Tile Bathroom Countertop
  • Makeup or Vanity Space
  • Bidet
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Bathtub
  • Separate Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Tennis Courts
  • Balcony
  • Stone Porch or Patio

Location

  • Suburban Location

Schools

  • Dapplegray Elementary School
  • Miraleste Middle School
  • Peninsula High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 175
  • Assessor Parcel Number 7569024019

Community Details

Overview

  • Property has a Home Owners Association
  • Rolling Hills Community Association, Phone Number (310) 544-6222

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Horse Trails
  • Hiking Trails

Security

  • Gated with Attendant
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$85,397

Year Built

Built in 2001

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: Gated with Attendant, Carbon Monoxide Detector(s), Gated Community, Guarded, Security Lights, Smoke Detector(s)
  • View: Yes
  • Zoning: RHRA52*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7569024019
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 8000.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Granite Counters, High Ceilings, Living Room Deck Attached, Recessed Lighting, Stone Counters, Storage, Tile Counters, Wet Bar
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Stone, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Double Door Entry, Mirror Closet Door(s), Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Ell, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room, Primary Bedroom, Gas
  • Levels: Two
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1062.50
  • Room Type: Bonus Room, Family Room, Formal Entry, Foyer, Jack & Jill, Kitchen, Laundry, Living Room, Main Floor Primary Bedroom, Primary Suite, Office, Separate Family Room, Walk-In Closet, Wine Cellar
  • Spa Features: Private, In Ground
  • Window Features: Blinds, Custom Covering, Double Pane Windows, Drapes, Skylight(s)
  • Bathroom Features: Bathtub, Bidet, Shower, Closet In Bathroom, Double Sinks In Bath(s), Double Sinks In Primary Bath, Exhaust Fan(s), Granite Counters, Hollywood Bathroom (Jack&Jill), Linen Closet/Storage, Main Floor Full Bath, Privacy Toilet Door, Separate Tub And Shower, Stone Counters, Tile Counters, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island

Exterior Features

  • Patio: Yes
  • Other Structures: Tennis Court Private
  • View: City Lights, Coastline, Mountain(s), Ocean, Panoramic
  • Patio And Porch Features: Deck, Stone
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Concrete
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Circular Driveway, Direct Garage Access, Garage Faces Side, Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Double Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater, Water Line to Refrigerator
  • Heating Type: Central, Fireplace(s), Forced Air, Zoned
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Septic Type Unknown
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pickleball, Tennis Court(s), Hiking Trails, Horse Trails, Pet Rules, Guard, Security, Controlled Access
  • Association Fee Frequency: Semi-Annually
  • Association Name: Rolling Hills Community Association
  • Phone: 310 544-6222
  • Senior Community: No
  • Community Features: Horse Trails, Suburban
  • Association Management: Rolling Hills Community Association

Schools

  • School District: Palos Verdes Peninsula Unified
  • Elementary School: Dapplegray
  • Middle School: Miraleste
  • High School: Peninsula
  • Elementary School: Dapplegray
  • High School: Peninsula
  • Middle Or Junior School: Miraleste
  • Elementary School #2: DAPPLE
  • High School2: PENINS

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Landscaped, Lot Over 40000 Sqft
  • Lot Size Sq Ft: 102633.00
  • Lot Size Acres: 2.3561

Multi Family

  • Lease Considered: No
  • Lot Size Area: 102633.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6705.00
  • Tax Lot: 175

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2024
Sold by
Li Family Trust and Li Wulantuoya
Bought by
Peter W Johnson Trust and Johnson
Current Estimated Value
$8,678,503

Purchase Details

Closed on
Jun 29, 2022
Sold by
Li Yi
Bought by
Li Wulantuoya

Purchase Details

Listed on
Feb 25, 2013
Closed on
Aug 1, 2013
Sold by
Li Yi
Bought by
Li Yi
Seller's Agent
Gordon Inman
Keller Williams Realty
Buyer's Agent
Lily Liang
Strand Hill Properties
List Price
$6,595,000
Sold Price
$6,325,000
Premium/Discount to List
-$270,000
-4.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.65%

Purchase Details

Listed on
Feb 25, 2013
Closed on
Jul 10, 2013
Sold by
Wulantuoya
Bought by
Li Yi
Seller's Agent
Gordon Inman
Keller Williams Realty
Buyer's Agent
Lily Liang
Strand Hill Properties
List Price
$6,595,000
Sold Price
$6,325,000
Premium/Discount to List
-$270,000
-4.09%

Purchase Details

Closed on
Apr 17, 2013
Sold by
Sokolin Stuart
Bought by
Li Yi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,180,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2000
Sold by
Schmit Robert A
Bought by
Sokolin Stuart and Stuart Sokolin Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.87%

Purchase Details

Closed on
Mar 18, 1996
Sold by
Schmit Robert A
Bought by
Schmit Robert A and Schmit Margaret J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
7.25%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $8,500,000 Progressive Title Company
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $6,325,000 Fidelity National Title Co
Grant Deed $2,900,000 Lawyers Title Company
Interfamily Deed Transfer -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,500,000 Adjustable Rate Mortgage/ARM
Previous Owner $3,180,000 New Conventional
Previous Owner $500,000 Credit Line Revolving
Previous Owner $995,000 Unknown
Previous Owner $1,000,000 Unknown
Previous Owner $1,000,000 Unknown
Previous Owner $1,000,000 Unknown
Previous Owner $550,000 Credit Line Revolving
Previous Owner $1,000,000 Unknown
Previous Owner $1,000,000 Unknown
Previous Owner $1,000,000 No Value Available
Previous Owner $425,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2024 09/11/24 Sold $8,500,000 -15.0% $1,063 / Sq Ft
01/24/2024 01/24/24 Price Changed $10,000,000 -15.3% $1,250 / Sq Ft
12/02/2023 12/02/23 Price Changed $11,800,000 -7.8% $1,475 / Sq Ft
11/05/2023 11/05/23 For Sale $12,800,000 0.0% $1,600 / Sq Ft
10/19/2020 10/19/20 Rented $11,000 -14.1% --
10/19/2020 10/19/20 Under Contract -- -- --
07/28/2020 07/28/20 For Rent $12,800 +21.9% --
08/23/2017 08/23/17 Rented $10,500 -11.8% --
06/05/2017 06/05/17 For Rent $11,900 -11.9% --
12/03/2015 12/03/15 Rented $13,500 0.0% --
10/21/2015 10/21/15 For Rent $13,500 0.0% --
07/18/2013 07/18/13 Sold $6,325,000 -4.1% $777 / Sq Ft
02/25/2013 02/25/13 For Sale $6,595,000 -- $811 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $85,397 $8,500,000 $5,900,000 $2,600,000
2024 $85,397 $7,601,545 $6,501,878 $1,099,667
2023 $84,204 $7,452,496 $6,374,391 $1,078,105
2022 $79,547 $7,306,369 $6,249,403 $1,056,966
2021 $79,414 $7,163,108 $6,126,866 $1,036,242
2020 $78,338 $7,089,660 $6,064,043 $1,025,617
2019 $75,922 $6,950,648 $5,945,141 $1,005,507
2018 $75,265 $6,814,362 $5,828,570 $985,792
2016 $71,590 $6,549,754 $5,602,241 $947,513
2015 $70,902 $6,451,372 $5,518,091 $933,281
2014 $69,886 $6,325,000 $5,410,000 $915,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV23202320

California Regional Multiple Listing Service (CRMLS)

APN: 7569-024-019