UNDER CONTRACT
$731K PRICE DROP
709 Via Somonte Palos Verdes Estates, CA 90274
Estimated payment $26,815/month
Total Views
17,176
4
Beds
5
Baths
3,821
Sq Ft
$1,222
Price per Sq Ft
Highlights
- White Water Ocean Views
- Primary Bedroom Suite
- Private Yard
- Montemalaga Elementary School Rated A+
- Main Floor Bedroom
- No HOA
About This Home
Located in the serene and secluded Palos Verdes Estates, this stunning home is designed by a renowned, multi-award-winning architect who perfectly blends modernism, tranquility, and breathtaking views. Nestled on a quiet street, it features three spectacular modern waterfalls and ponds. This three-story uphill home boasts breathtaking panoramic views from Hollywood Hills to Downtown LA to the entire LA Basin, beach cities, beautiful mountains, and beyond. The entrance is a two-story, elegant, and inviting space that flows seamlessly into the two-story dining area, kitchen, and living room. The living room stretches the entire width of the house, offering stunning views of the city and the ocean. The dining room, framed by a whole glass window, faces a beautifully designed modern waterfall. The spacious kitchen is another highlight of the house, featuring a bar on one side, a dining table on the other, and a central island with ample counter space. The kitchen has top-of-the-line appliances, including a Sub-Zero refrigerator and freezer, a dishwasher, a Wolf oven, a microwave oven, a six-burner range, and a 50-bottle wine cooler. The kitchen cabinets, 2nd-floor family room kitchenette, and all other closets and cabinetry are designed and manufactured by IKD (Italian Kitchen Design). Additionally, there is a large guest bedroom suite on this level, the only enclosed area on the first floor. The second floor consists of the primary bedroom suite, a family room with a kitchenette, a second bedroom, and a laundry room, all connected by an open bridge overlooking the first floor. The family room and master bedroom face stunning panoramic ocean and city views, allowing for spectacular sunrises and sunsets. An expansive balcony stretches the entire width of the building in front of these rooms. Each room has an individually controlled heating and cooling system, except for the ADU, which has only a heater, and the entire building has fire sprinklers. A three-level elevator shaft with its machine room has already been constructed, connecting the garage/pantry area to the upper floors. One of the four bedrooms is an ADU, including a kitchen, dinette, bath, and a separate living/family room with access from the garage. Spacious outdoor living areas include two huge view balconies and two intimate patios. This rare gem is nearly new and is at one of the most exclusive locations in Palos Verdes Estates!
Last Listed By
Strand Hill Properties Brokerage Phone: 310-902-7799 License #00837794 Listed on: 01/27/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $24,502
Year Built
- Built in 2018
Lot Details
- 6,355 Sq Ft Lot
- Rural Setting
- Landscaped
- Private Yard
- Density is 6-10 Units/Acre
- Property is zoned PVR1YY
Parking
- 2 Car Attached Garage
- Up Slope from Street
Property Views
- White Water Ocean
- Coastline
- Panoramic
- City Lights
- Mountain
- Hills
- Neighborhood
Interior Spaces
- 3,821 Sq Ft Home
- 3-Story Property
- Entrance Foyer
- Family Room Off Kitchen
- Living Room with Fireplace
- Dining Room with Fireplace
- Formal Dining Room
- Laundry Room
Kitchen
- Breakfast Bar
- Six Burner Stove
- Built-In Range
- Freezer
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- Dressing Area
- 5 Full Bathrooms
Utilities
- Cooling Available
- Heating Available
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 11 / 1538
- Tax Tract Number 6884
- Assessor Parcel Number 7540025010
Community Details
Overview
- No Home Owners Association
Recreation
- Hiking Trails
Map
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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 |
|---|---|---|---|---|
| 2024 | $24,502 | $2,085,586 | $670,633 | $1,414,953 |
| 2023 | $24,078 | $2,044,693 | $657,484 | $1,387,209 |
| 2022 | $22,892 | $2,004,602 | $644,593 | $1,360,009 |
| 2021 | $22,890 | $1,965,297 | $631,954 | $1,333,343 |
| 2020 | $22,584 | $2,146,247 | $625,475 | $1,520,772 |
| 2019 | $9,603 | $766,503 | $613,211 | $153,292 |
| 2018 | $9,499 | $751,475 | $601,188 | $150,287 |
| 2016 | $9,006 | $722,296 | $577,844 | $144,452 |
| 2015 | $8,906 | $711,448 | $569,165 | $142,283 |
| 2014 | $8,778 | $697,512 | $558,016 | $139,496 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/15/2025 05/15/25 | Price Changed | $4,668,000 | -6.6% | $1,222 / Sq Ft |
| 03/19/2025 03/19/25 | Price Changed | $4,998,000 | -3.3% | $1,308 / Sq Ft |
| 03/03/2025 03/03/25 | Price Changed | $5,168,000 | -4.3% | $1,353 / Sq Ft |
| 01/27/2025 01/27/25 | For Sale | $5,399,000 | -- | $1,413 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Priority Title | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | American Title Co | |
| Grant Deed | $525,000 | Investors Title Company | |
| Trustee Deed | $467,500 | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $440,000 | Future Advance Clause Open End Mortgage | |
| Open | $792,500 | New Conventional | |
| Closed | $855,800 | New Conventional | |
| Closed | $625,500 | New Conventional | |
| Closed | $655,000 | New Conventional | |
| Closed | $250,000 | Credit Line Revolving | |
| Closed | $592,000 | Purchase Money Mortgage | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $497,000 | Unknown | |
| Previous Owner | $420,000 | Purchase Money Mortgage | |
| Closed | $125,000 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV25019674
APN: 7540-025-010
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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