2329 Via Olivera Palos Verdes Estates, CA 90274
Estimated payment $15,601/month
Highlights
- Popular Property
- Ocean View
- No HOA
- Lunada Bay Elementary School Rated A+
- Deck
- 4 Car Attached Garage
About This Home
Suspended above the Pacific in Palos Verdes Estates, the Murphy Residence is one of the rare surviving examples of late California Modernism in original condition. Designed in 1971 by the architectural partnership Smith, Heaton & Jones, the nearly 5,000-square-foot home captures a moment when Modernism had matured, when structure became sculpture, and light itself was a design material. Commissioned and still held by the original owner, the residence has remained untouched for more than five decades. Its redwood-lined ceilings, handcrafted decorative tile, and original fixtures remain intact, offering a pure expression of its era. Every surface, angle, and proportion reflects the architect’s intent, preserved rather than reinterpreted. Adding to its architectural significance, the complete original plans and drawings remain in the owner’s possession, providing a rare blueprint for accurate and effortless restoration. For those who value authenticity, this continuity between architect and original owner is extraordinary; offering the next custodian both historical context and design clarity. Influenced by contemporaries such as John Lautner and Quincy Jones, Smith, Heaton & Jones designed the Murphy Residence with commanding geometry and organic flow: cantilevered volumes reaching toward the horizon, walls of glass merging with sea and sky, and a harmonic rhythm of wood, concrete, and light that grounds the home in both landscape and legacy.
Perched above a 180-degree panorama of the Pacific, the property remains one of the few untouched works of its kind in Southern California. For the collector who views architecture as art, it represents a singular opportunity to restore and preserve a genuine piece of design history.
Located within one of Los Angeles’ most prestigious enclaves, with ample space for a pool or sculptural landscape, the Murphy Residence offers not just privacy and beauty but the chance to carry forward an unbroken architectural story that began in 1971. To own it is to hold a piece of California’s modernist soul, authentic, intact, and waiting to be reawakened.
Listing Agent
Carmody Real Estate, Inc. Brokerage Phone: 310-989-4466 License #01442217 Listed on: 11/13/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $29,162
Year Built
- Built in 1972
Lot Details
- 0.4 Acre Lot
- Back and Front Yard
Parking
- 4 Car Attached Garage
Property Views
- Ocean
- Panoramic
- Hills
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,221 Sq Ft Home
- 2-Story Property
- Family Room with Fireplace
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms | 3 Main Level Bedrooms
- 5 Full Bathrooms
Outdoor Features
- Deck
- Patio
Location
- Suburban Location
Utilities
- Cooling Available
- Central Heating
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 2 / 2327
- Tax Tract Number 6890
- Assessor Parcel Number 7543016007
- $2,336 per year additional tax assessments
Map
Home Values in the Area
Average Home Value in this Area
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 | $29,162 | $2,520,366 | $1,784,716 | $735,650 |
| 2024 | $29,162 | $2,470,948 | $1,749,722 | $721,226 |
| 2023 | $6,806 | $417,997 | $89,279 | $328,718 |
| 2022 | $6,546 | $409,802 | $87,529 | $322,273 |
| 2021 | $6,549 | $401,767 | $85,813 | $315,954 |
| 2020 | $6,472 | $397,649 | $84,934 | $312,715 |
| 2019 | $6,331 | $389,853 | $83,269 | $306,584 |
| 2018 | $6,181 | $382,210 | $81,637 | $300,573 |
| 2016 | $5,816 | $367,370 | $78,468 | $288,902 |
| 2015 | $5,743 | $361,853 | $77,290 | $284,563 |
| 2014 | $5,667 | $354,765 | $75,776 | $278,989 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/13/2025 11/13/25 | For Sale | $2,499,000 | -- | $592 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV25259695
APN: 7543-016-007
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