NOT LISTED FOR SALE

2701 Via Elevado Palos Verdes Estates, CA 90274

Estimated Value: $5,689,000 - $9,482,099

5 Beds
5.5 Baths
8,847 Sq Ft
$921/Sq Ft Est. Value

Last Sold January 04, 2019

Last sale price $14,100,000 $1,594 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $54,560/month

192 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Heated In Ground Pool
  • Montemalaga Elementary School Rated A+
  • Home Theater
  • Gated Parking

About This Home

As of January 2019

Tucked away on a private cul-de-sac and situated on 3.3 pristine acres, the King of the Hill is one of South Bay's largest and most majestic estates. A dramatic gated entry winds to a stone rotunda guardhouse with historic castle doors. A stone and wood bridge leads to an impressive motor court complete with waterfalls and lush gardens. Stone pathways are lined by exotic plants, fruit trees and grassy lawns. Boasting appr. 9,000sqft of living space, this Spanish Colonial masterpiece is grand yet comfortable with breathtaking ocean and coastline views from most rooms. Upstairs is a spectacular living room, a striking music room, an elegant dining room and a remarkable master-suite with dual baths and private office. Downstairs, the paneled billiard room leads to the expansive guest suites, wine cellar and massage room. The sun-drenched pool and spa also enjoy panoramic ocean and hillside vistas. Family owned for the past 40+ years, are you the next guardian of this extraordinary estate?

Last Agent to Sell the Property

David Konheim

Compass License #01869897 Listed on: 05/29/2018

Compass

Co-Listed By

Chris Adlam

Vista Sotheby's International Realty License #00967574

Last Buyer's Agent

Les Fishman

License #00816300

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $133,883

Year Built

  • Built in 1936

Lot Details

  • 3.36 Acre Lot
  • Property is zoned PVR1*

Property Views

  • Ocean
  • Coastline
  • Panoramic
  • City Lights
  • Golf Course
  • Canyon
  • Orchard Views
  • Park or Greenbelt

Home Design

  • Contemporary Architecture

Interior Spaces

  • 8,847 Sq Ft Home
  • 2-Story Property
  • Bar
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Home Theater
  • Den with Fireplace
  • Library
  • Recreation Room
  • Atrium Room
  • Alarm System
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Walk-In Pantry

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Maid or Guest Quarters

Parking

  • Attached Garage
  • Carport
  • Circular Driveway
  • Gated Parking
  • Guest Parking
  • Controlled Entrance

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Enclosed Glass Porch
  • Open Patio

Utilities

  • Forced Air Zoned Heating and Cooling System

Community Details

  • No Home Owners Association
  • Billiard Room

Listing and Financial Details

  • Assessor Parcel Number 7539-029-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$133,883

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Advertising Remarks: King of the Hill. One of the largest estates ever offered in the heart of Malaga Cove in Palos Verdes Estates with panoramic views of the Queen's Necklace. A royal wrought iron entrance leads you down a long driveway with massive, historic wooden gates followed by a stone and wood bridge to an oversized circular carport replete with waterfalls and gorgeous landscaping. Family-owned for over 40 years, at the end of a cul-de-sac and on approximately 3.5 sweeping acres and 3 parcels of land next to parkland with striking ocean, city and golf course views. This stunning home has abundant character, quality, and detail including a sun-drenched pool overlooking the Pacific Ocean, citrus and flower gardens, and large grassy areas for reception and entertaining. A truly unparalleled and private compound.
  • Living Area: 8847
  • Stories: 2
  • Year Built: 1936
  • Number Of Photos: 35
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Den, Family Room, Living Room, Master Bedroom
  • Flooring: Hardwood, Tile
  • Bedrooms: 5
  • Full Bathroom: 5
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 6.00
  • Den: 1
  • Equipment: Alarm System
  • Price Per S Q F T: 2136.32

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Heated And Filtered, In Ground, Private
  • Pool: Yes
  • Spa: Heated, In Ground
  • Spa Yn: Yes
  • View: Canyon, City Lights, Coastline, Green Belt, Golf Course, Ocean, Orchard/Grove, Panoramic
  • View: Yes

Garage/Parking

  • Parking Garage: Carport, Circular Driveway, Controlled Entrance, Garage - 4+ Car, Garage Is Attached, Gated, Parking for Guests - Onsite, Private

Utilities

  • Cooling: Air Conditioning, Central, Multi/Zone
  • Heating: Central, Zoned

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Palos Verdes Peninsula

Lot Info

  • Assessor Parcel Number: 7539-029-007
  • Geocode Override: No
  • Lot Size Area: 146236

Multi Family

  • Number Of Units: 0

MLS Schools

  • School District: Palos Verdes Peninsula

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2018
Closed on
Jan 2, 2019
Sold by
Pv Ocean View Llc
Bought by
Adkins Messenger Deborah D
Seller's Agent
David Konheim
Compass
Buyer's Agent
Les Fishman
List Price
$18,900,000
Sold Price
$14,100,000
Premium/Discount to List
-$4,800,000
-25.4%
Current Estimated Value
$8,146,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,953,634
Avg. Annual Appreciation
-5.39%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Adkins Messenger Deborah D $14,100,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pv Ocean View Llc $6,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2019 01/04/19 Sold $14,100,000 -25.4% $1,594 / Sq Ft
05/29/2018 05/29/18 For Sale $18,900,000 -- $2,136 / Sq Ft
Source: The MLS

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 $133,883 $12,270,705 $7,808,631 $4,462,074
2024 $133,883 $12,030,104 $7,655,521 $4,374,583
2023 $131,984 $11,794,220 $7,505,413 $4,288,807
2022 $125,233 $11,562,962 $7,358,249 $4,204,713
2021 $125,104 $11,336,238 $7,213,970 $4,122,268
2020 $123,486 $11,220,000 $7,140,000 $4,080,000
2019 $47,433 $4,147,373 $3,311,718 $835,655
2018 $47,034 $4,066,053 $3,246,783 $819,270
2016 $44,627 $3,908,164 $3,120,707 $787,457
2015 $44,166 $3,849,461 $3,073,832 $775,629
2014 $43,521 $3,774,056 $3,013,620 $760,436
Source: Public Records

Agents Affiliated with this Home

  • David Konheim

    Seller's Agent in 2019

    David Konheim

    Compass

    (310) 779-6583

    7 Total Sales

    David Konheim
    Section Image

  • C

    Seller Co-Listing Agent in 2019

    Chris Adlam

    Vista Sotheby's International Realty

    Section Image

  • L

    Buyer's Agent in 2019

    Les Fishman

See All Agents

Map

Source: The MLS

MLS Number: 18-348060

The MLS

APN: 7539-029-007

California Los Angeles County Palos Verdes Estates 90274

2701 Via Elevado, Palos Verdes Estates, CA

This home is located at 2701 Via Elevado, Palos Verdes Estates, CA 90274 since 29 May 2018 and is currently estimated at $8,146,366, approximately $920 per square foot. This property was built in 1936. 2701 Via Elevado is a home located in Los Angeles County with nearby schools including Montemalaga Elementary School, Palos Verdes Intermediate School, and Palos Verdes Peninsula High School.

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