Seller's Agent in 2013
Richard Edler
Vista Sotheby's International Realty
(310) 872-4333
6 in this area
19 Total Sales
978 Paseo la Cresta Palos Verdes Estates, CA 90274
Estimated Value: $7,664,000 - $13,786,891
5
Beds
9
Baths
8,000
Sq Ft
$1,341/Sq Ft
Est. Value
Highlights
- Ocean View
- Guest House
- Art Studio
- Montemalaga Elementary School Rated A+
- Tennis Courts
- Wine Cellar
About This Home
As of September 2013Gated private Spanish Villa, designed by famed architect, Edward Giddings, sits on more than an acre overlooking the Pacific Ocean in Palos Verdes Estates. This unique property sits high on a bluff with spectacular views of Santa Monica Bay and the City of Los Angeles. Giddings incorporated both rustic and natural elements with all the modern conveniences with features including handmade floor and ceiling tiles, lighting fixtures and massive 200 year old front doors specially selected to lead into the home from the enclosed courtyard. There are four bedroom suites in the main house plus two detached offices and one detached guest room and bath. The lower level includes a 5000+ bottle wine cellar, a media room, family/game room, bath and storage or exercise room. A North/ South tennis court, and private enclosed pool allow something for everyone. Grassy areas surround the home. A covered portico gives this Spanish estate a perfect area for entertaining large parties or intimate gatherings. One of the offices currently is being used as an art studio. Private separate master suite with panoramic views features two baths, walk in closets, fireplace and sitting areas both indoors and out. The entire property is gated and secluded from neighbors on all sides.
Last Agent to Sell the Property
Vista Sotheby's International Realty License #01113145 Listed on: 02/22/2013
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $204,482
Year Built
- Built in 1978
Lot Details
- 1.05 Acre Lot
- Block Wall Fence
- Stucco Fence
- Landscaped
- Front and Back Yard Sprinklers
- Private Yard
- Lawn
Parking
- 4 Car Direct Access Garage
- Parking Available
- Auto Driveway Gate
- Driveway
Property Views
- Ocean
- Coastline
- Panoramic
- City Lights
- Bluff
- Pool
- Courtyard
Home Design
- Custom Home
- Spanish Architecture
- Spanish Tile Roof
- Stucco
Interior Spaces
- 8,000 Sq Ft Home
- Beamed Ceilings
- Cathedral Ceiling
- Skylights
- Entryway
- Wine Cellar
- Family Room with Fireplace
- Living Room with Fireplace
- Dining Room
- Home Theater
- Home Office
- Bonus Room with Fireplace
- Art Studio
- Utility Room
- Laundry Room
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Walk-In Pantry
- Gas Oven
- Built-In Range
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Fireplace in Primary Bedroom Retreat
- Primary Bedroom Suite
- Walk-In Closet
- Dressing Area
Pool
- In Ground Pool
- In Ground Spa
Outdoor Features
- Tennis Courts
- Deck
- Covered Patio or Porch
- Outdoor Fireplace
- Terrace
Additional Features
- Guest House
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 31329
- Assessor Parcel Number 7541020005
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 22, 2013
Closed on
Sep 6, 2013
Sold by
Vinson Virginia Vera
Bought by
Vinson Donald E
Seller's Agent
Richard Edler
Vista Sotheby's International Realty
Buyer's Agent
Chris Adlam
Vista Sotheby's International Realty
List Price
$9,500,000
Sold Price
$8,750,000
Premium/Discount to List
-$750,000
-7.89%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,975,446
Avg. Annual Appreciation
1.52%
Purchase Details
Listed on
Feb 22, 2013
Closed on
Aug 30, 2013
Sold by
Vinson Donald E
Bought by
Hill Lowell W and Hill Lisa B
Seller's Agent
Richard Edler
Vista Sotheby's International Realty
Buyer's Agent
Chris Adlam
Vista Sotheby's International Realty
List Price
$9,500,000
Sold Price
$8,750,000
Premium/Discount to List
-$750,000
-7.89%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hill Lowell W | $8,750,000 | Lawyers Title Company |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2013 09/10/13 | Sold | $8,750,000 | -7.9% | $1,094 / Sq Ft |
| 08/07/2013 08/07/13 | Pending | -- | -- | -- |
| 02/22/2013 02/22/13 | For Sale | $9,500,000 | -- | $1,188 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $204,482 | $18,767,602 | $11,068,826 | $7,698,776 |
| 2024 | $204,482 | $18,399,611 | $10,851,791 | $7,547,820 |
| 2023 | $201,635 | $18,038,835 | $10,639,011 | $7,399,824 |
| 2022 | $191,317 | $17,685,133 | $10,430,403 | $7,254,730 |
| 2021 | $191,099 | $17,338,367 | $10,225,886 | $7,112,481 |
| 2020 | $188,518 | $17,160,585 | $10,121,033 | $7,039,552 |
| 2019 | $182,701 | $16,824,104 | $9,922,582 | $6,901,522 |
| 2018 | $181,834 | $16,494,221 | $9,728,022 | $6,766,199 |
| 2016 | $97,290 | $9,060,928 | $9,060,928 | $0 |
| 2015 | $96,332 | $8,924,825 | $8,924,825 | $0 |
| 2014 | -- | $8,750,000 | $6,000,000 | $2,750,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2013
Kitty Edler
Vista Sotheby's International Realty
(310) 283-8790
5 in this area
25 Total Sales
-
Buyer's Agent in 2013
Chris Adlam
Vista Sotheby's International Realty
(310) 421-2606
112 in this area
225 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV13028585
APN: 7541-020-005
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