NOT LISTED FOR SALE

952 Paseo la Cresta Palos Verdes Estates, CA 90274

Estimated Value: $5,919,000 - $11,915,155

5 Beds
6 Baths
6,000 Sq Ft
$1,370/Sq Ft Est. Value

Last Sold July 10, 2023

Last sale price $12,500,000 $2,083 Per Sq Ft

Est. 34% decrease in value since last sale

Current estimated payment $56,298/month

31 Days on Market

Highlights

  • Ocean Front
  • Wine Cellar
  • Sauna
  • Montemalaga Elementary School Rated A+
  • Heated Pool
  • 0.68 Acre Lot

About This Home

As of July 2023

Welcome to the epitome of luxurious coastal living in Palos Verdes Estates. This exceptional estate property offers a harmonious blend of warm modern design, showcasing a captivating mix of natural woods and imported stone throughout. Situated on a highly coveted street, this home presents breathtaking ocean views that encompass the expansive coastline, allowing you to witness the waves crashing on the beach below. There are no homes between this property and the ocean offering true blufftop living. Step inside and prepare to be enamored by the meticulous craftsmanship and attention to detail. The finest materials have been thoughtfully curated to create a residence that exudes elegance and sophistication. The grandeur of the home is accentuated by vaulted ceilings, which create an airy and open atmosphere, bathing the living spaces in abundant natural light. As you approach the entrance, you are greeted by a private front courtyard adorned with tranquil water features, providing a serene and welcoming ambiance. This oasis sets the stage for the remarkable experience that awaits within. The estate's allure extends to the rear, where a vast flat backyard beckons with its lush green grass lawns. The centerpiece of this outdoor paradise is a stunning infinity pool with a glass wall, perfectly positioned to offer unobstructed ocean views. A tanning shelf invites you to bask in the warm California sun, while a soothing jacuzzi provides a blissful retreat for relaxation. As evening descends, the inviting firepit becomes the ideal gathering spot to soak in the views. Additionally, sports enthusiasts will delight in the presence of a pickleball court. The master suite of this exquisite property is a sanctuary of privacy and comfort. With its own private retreat yard you can indulge in a moment of serenity while enjoying the soothing sounds of the sea. Complete with a private jacuzzi, this outdoor haven offers an opportunity to unwind and rejuvenate at your leisure. Nestled on one of the most sought-after streets in Palos Verdes Estates, this estate property epitomizes the pinnacle of coastal luxury living. With its seamless fusion of modern design, exceptional ocean views, and an array of resort-style amenities, this home is a rare gem that encapsulates the essence of an idyllic coastal lifestyle. Prepare to be captivated by the allure of this extraordinary residence, where every detail has been carefully curated to create an unparalleled living experience.

Last Agent to Sell the Property

Suzanne Dyer

Strand Hill Properties License #01054310 Listed on: 05/09/2023

Last Buyer's Agent

Gerard Bisignano

Vista Sotheby’s International Realty License #01116110

Vista Sotheby’s International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $138,285

Year Built

  • Built in 2023

Lot Details

  • 0.68 Acre Lot
  • Ocean Front
  • Landscaped
  • Sprinkler System
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Property is zoned PVR1*

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Driveway

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • City Lights
  • Pool

Home Design

  • Modern Architecture
  • Turnkey

Interior Spaces

  • 6,000 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Dual Staircase
  • Cathedral Ceiling
  • Recessed Lighting
  • Double Door Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Home Office
  • Sauna
  • Home Gym
  • Wood Flooring
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Six Burner Stove
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 6 Full Bathrooms
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Walk-in Shower

Pool

  • Heated Pool
  • Spa

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 31329
  • Assessor Parcel Number 7541020012
  • $3,009 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$138,285

Year Built

Built in 2023

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: PVR1*
  • Architectural Style: Modern
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7541020012
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 6000.00 Square Feet
  • Interior Amenities: 2 Staircases, Cathedral Ceiling(s), High Ceilings, Open Floorplan, Pantry, Recessed Lighting
  • Stories: 3
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Total Bedrooms: 5
  • Door Features: Double Door Entry
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, In Living Room
  • Entry Level: 1
  • Fireplace Features: Family Room, Kitchen, Living Room, Master Bedroom
  • Levels: Two, Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2083.33
  • Room Type: Den, Entry, Exercise Room, Family Room, Kitchen, Laundry, Living Room, Main Floor Master Bedroom, Office, Sauna, Separate Family Room, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Spa Features: Private
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Soaking Tub, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Butler's Pantry, Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: Catalina, City Lights, Coastline, Ocean, Pool, Water, White Water
  • Patio And Porch Features: Covered, Deck, Patio
  • Pool Features: Private, Heated
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Freezer, Disposal, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Lot 20000-39999 Sqft, Sprinkler System, Yard
  • Lot Size Sq Ft: 29579.00
  • Lot Size Acres: 0.6790

Multi Family

  • Lease Considered: No
  • Lot Size Area: 29579.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Front

Tax Info

  • Tax Census Tract: 6703.26
  • Tax Lot: 11
  • Tax Tract Number: 31329
  • TaxOtherAnnualAssessmentAmount: 3009.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2023
Closed on
Jun 16, 2023
Sold by
Jaybird Properties Llc
Bought by
Raj Family Trust and Raj
Seller's Agent
Suzanne Dyer
Strand Hill Properties
Buyer's Agent
Gerard Bisignano
Vista Sotheby’s International Realty
List Price
$15,000,000
Sold Price
$12,500,000
Premium/Discount to List
-$2,500,000
-16.67%
Views
226
Current Estimated Value
$8,217,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,282,615
Avg. Annual Appreciation
-17.25%

Purchase Details

Listed on
Jul 22, 2020
Closed on
Jan 26, 2021
Sold by
Gannam Philip R and Gannam Roger S
Bought by
Jaybird Properties Llc
Seller's Agent
Wei Shi Lee
Berkshire Hathaway HomeService
Buyer's Agent
Suzanne Dyer
Strand Hill Properties
List Price
$5,495,000
Sold Price
$4,800,000
Premium/Discount to List
-$695,000
-12.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.01%

Purchase Details

Closed on
Oct 20, 2020
Sold by
Gannam Julie M
Bought by
Gannam Philip R
Source: Public Records

Range of Values:

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Average Value
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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
Raj Family Trust $12,500,000 First American Title
Jaybird Properties Llc $4,800,000 Ticor Title Company
Gannam Philip R $275,000 Ticor Title Company Of Ca
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Sold $12,500,000 -16.7% $2,083 / Sq Ft
06/09/2023 06/09/23 Pending -- -- --
05/09/2023 05/09/23 For Sale $15,000,000 +212.5% $2,500 / Sq Ft
03/02/2021 03/02/21 Sold $4,800,000 -6.8% $805 / Sq Ft
01/19/2021 01/19/21 Pending -- -- --
11/20/2020 11/20/20 Price Changed $5,150,000 -6.3% $863 / Sq Ft
07/22/2020 07/22/20 For Sale $5,495,000 -- $921 / 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 $138,285 $12,750,000 $7,854,000 $4,896,000
2024 $138,285 $12,500,000 $7,700,000 $4,800,000
2023 $57,347 $4,993,919 $3,506,252 $1,487,667
2022 $54,474 $4,896,000 $3,437,502 $1,458,498
2021 $37,190 $3,191,233 $1,775,521 $1,415,712
2020 $29,078 $2,451,484 $1,327,857 $1,123,627
2019 $28,241 $2,403,417 $1,301,821 $1,101,596
2018 $27,826 $2,356,293 $1,276,296 $1,079,997
2016 $26,387 $2,264,797 $1,226,737 $1,038,060
2015 $26,109 $2,230,779 $1,208,311 $1,022,468
2014 $25,722 $2,187,082 $1,184,642 $1,002,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV23079836

California Regional Multiple Listing Service (CRMLS)

APN: 7541-020-012