1525 Chelsea Road, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 4 bed, 4 bath
ACTIVE$7,995,000
1525 Chelsea Road, Palos Verdes Estates, California 90274
4Beds
4Baths
2,849Sqft
16,180Lot
Year Built
2001
Close
-
List price
$8M
Original List price
$8.99M
Price/Sqft
$2,806
HOA
-
Days on market
-
Sold On
-
MLS number
PV25085123
Home ConditionFair
Features
Excellent View: Bay, Coastline, Ocean, Panoramic
Pool
Spa
Patio
ViewBay, Coastline, Ocean, Panoramic
About this home
Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,7 Pros. Rank: price - $8.00M(96th), sqft - 2849(51th), beds - 4(50th), baths - 4(56th).
This one of a kind 4-bedroom custom home with resort-like backyard and incredible Malibu to Queen's Necklace view of the Pacific Ocean is located on one of the premier and most sought-after streets in Lunada Bay. This property has only had two owners in the last 75 years. It is rare to come to market. As you walk up to the courtyard entry, you can see straight through to the inspiring ocean view! The home features a formal living room, formal dining room, huge great room with breakfast area, custom built-ins throughout, custom tile work, vaulted ceilings, gourmet kitchen and loads of extra storage in the garage. Enjoy the gorgeous, private backyard with expansive ocean view with pool, spa, built-in BBQ, and patios galore for entertaining. Do not miss this exceptional property!
Nearby schools
7/10
Lunada Bay Elementary School
Public,•K-5•1.2mi
9/10
Vista Grande Elementary School
Public,•K-5•1.2mi
10/10
Montemalaga Elementary School
Public,•K-5•1.3mi
9/10
Point Vicente Elementary School
Public,•K-5•2.1mi
9/10
Silver Spur Elementary School
Public,•K-5•2.3mi
9/10
Palos Verdes Intermediate School
Public,•6-8•0.7mi
9/10
Ridgecrest Intermediate School
Public,•6-8•2.5mi
8/10
Palos Verdes High School
Public,•9-12•0.4mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
08/22/00
Sold
$1,100,000
Condition Rating
Fair
Built in 2001, this custom home is 24 years old. While described as having a 'gourmet kitchen' and 'custom tile work,' these features, along with other interior aesthetics, are likely reflective of early 2000s design and would be considered dated by current luxury standards. There is no indication of significant recent renovations (within the last 5-15 years) to bring it up to modern tastes. The property is well-maintained but shows signs of being outdated, requiring minor updates to the kitchen, bathrooms, and potentially other finishes to align with contemporary preferences. The absence of central air conditioning in the description is also a notable factor for a luxury home of this age and location.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16180, living area = 2849.
Great Schools: Elementary School: Montemalaga Elementary School (10/10). Middle School: Palos Verdes Intermediate School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Unrivaled Ocean Views: The property boasts incredible panoramic views stretching from Malibu to the Queen's Necklace, visible from the moment of entry and throughout the expansive backyard, offering a premium aesthetic and lifestyle.
Prestigious Lunada Bay Location: Situated on one of the most premier and sought-after streets in Lunada Bay, this location signifies exclusivity, strong neighborhood appeal, and high desirability.
Exceptional Outdoor Entertainment: The resort-like, private backyard features a pool, spa, built-in BBQ, and multiple patios, all designed for entertaining while enjoying the gorgeous ocean views.
Custom-Built Quality & Design: As a one-of-a-kind custom home built in 2001, it features high-end elements such as custom built-ins, vaulted ceilings, custom tile work, and a gourmet kitchen, reflecting superior craftsmanship.
Rare Market Opportunity: Having only two owners in 75 years, this property rarely comes to market, indicating its enduring appeal and making it a unique acquisition opportunity.
Cons
Significant Price Adjustment: The property has undergone a substantial price reduction from its original list price of $8.995M to $7.995M, which may suggest initial overpricing or a need to stimulate buyer interest.
Potential for Dated Interior Aesthetics: While custom, the 2001 build year implies that some interior finishes, such as custom tile work and built-ins, might not align with current luxury design trends, potentially requiring updates for modern tastes.
Absence of Mentioned Central Air Conditioning: The property description does not explicitly mention a central air conditioning system, which is a standard expectation for luxury homes built in 2001 in Southern California and could be a significant comfort drawback.