2501 Novato Place, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 5 bed, 5 bath

2501 Novato Place, Palos Verdes Estates, California 90274 home-pic-0
ACTIVE$3,750,000
2501 Novato Place, Palos Verdes Estates, California 90274
5Beds
5Baths
3,305Sqft
25,462Lot
Year Built
1955
Close
-
List price
$3.75M
Original List price
$3.75M
Price/Sqft
$1,135
HOA
-
Days on market
-
Sold On
-
MLS number
PV25068001
Home ConditionGood
Features
Excellent View: City Lights
Deck
Pool
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 16% below the list price. We found 3 Cons,7 Pros. Rank: price - $3.75M(80th), sqft - 3305(66th), beds - 5(78th), baths - 5(80th).

Step into the enchanting world of this storybook Tudor home, perfectly blending old-world charm with modern comforts. 5 bedrooms and 4.5 baths. Nestled on a serene, private cul-de-sac, this property spans over half an acre of lush landscaping and boasts captivating city views. The house has a brand new concrete tile roof. The heart of the home is the chef’s kitchen, featuring Italian marble countertops, custom cabinetry, a built-in bread box, a pantry, counter seating, and high-end appliances—including a brand-new refrigerator. The kitchen opens to a picturesque backyard with a sparkling pool, waterfall, and fountain and space for a spa. The dining room is a masterpiece, with vaulted wood ceilings, a cozy wood-burning fireplace, and ample space for a 12-person table, all framed by stunning backyard and sunset views. The elegant living room offers another exquisite fireplace. The main-level primary suite is a private retreat, complete with a spacious walk-in closet, city light views, and backyard access. The luxurious ensuite bathroom features a soaking tub under a statement chandelier, a walk-in shower, and a double vanity. This home offers four bedrooms, including the primary suite, on the main level. One bedroom features a fireplace and built-in cabinetry (could be an office), while another, located behind the kitchen, has a balcony with backyard access. A dedicated office/library off the entry with built-in shelving overlooks the front yard. On the lower level, a private casita with its own entrance and bathroom is ideal for guests. A new mahogany wood wine storage unit with a capacity for 450 bottles is located at the garage entrance. The garage provides both clean and functional space with laundry and wall storage. Additional highlights include a large attic, a two-car garage with access to a utility room, and a brick patio with a built-in BBQ, sink, and refrigerator—perfect for entertaining. The property is adorned with a variety of fruit trees, including apple, avocado, banana, lemon, orange, fig, plum, and two types of pears. Whether you’re enjoying the scenic views or relaxing by the pool, this home offers a peaceful sanctuary with timeless elegance.

Nearby schools

10/10
Montemalaga Elementary School
Public,K-50.4mi
9/10
Silver Spur Elementary School
Public,K-50.7mi
9/10
Vista Grande Elementary School
Public,K-51.6mi
7/10
Lunada Bay Elementary School
Public,K-52.3mi
9/10
Palos Verdes Intermediate School
Public,6-81.7mi
9/10
Ridgecrest Intermediate School
Public,6-81.7mi
10/10
Palos Verdes Peninsula High School
Public,9-121.1mi
8/10
Palos Verdes High School
Public,9-121.9mi

Price History

Date
Event
Price
09/19/23
Sold
$3,900,000
01/28/08
Sold
$2,150,000
Condition Rating
Good

Built in 1955, this property has undergone significant, high-quality renovations in key areas, blending its original charm with modern comforts. The description highlights a 'brand new concrete tile roof,' a 'chef’s kitchen' with Italian marble, custom cabinetry, and high-end appliances (including a new refrigerator), and a 'luxurious ensuite bathroom' with a soaking tub, walk-in shower, and double vanity. Images confirm these areas are updated and in excellent condition. While the home's underlying core systems (e.g., plumbing, electrical) may still reflect its 1955 build year and central AC is not mentioned, the extensive and recent updates to critical components like the roof, kitchen, and primary bathroom, along with overall excellent maintenance, make it move-in ready with no immediate renovation required, aligning with a 'Good' condition score.
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 = 25462, living area = 3305.
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).
Architectural Character & Updates: The property offers a unique 'storybook Tudor' charm, thoughtfully updated with modern comforts and a brand new concrete tile roof, blending classic aesthetics with contemporary living.
Gourmet Kitchen & Entertainment Ready: Features a high-end chef's kitchen with Italian marble and custom cabinetry, complemented by extensive outdoor entertaining areas including a pool, waterfall, fountain, and a brick patio with built-in BBQ and refrigerator.
Spacious & Private Grounds: Situated on a private cul-de-sac, the expansive half-acre lot boasts lush landscaping, a sparkling pool, and a variety of fruit trees, offering a serene and private sanctuary.
Flexible Living Arrangements: Includes a main-level primary suite, four additional bedrooms, a dedicated office/library, and a private lower-level casita with its own entrance and bathroom, providing versatile living and guest accommodation options.
Desirable Location & City Views: Nestled in a serene Palos Verdes Estates cul-de-sac, the home offers captivating city light views, enhancing its appeal and providing a picturesque backdrop.

Cons

Age of Core Systems: Built in 1955, while updated, the property's underlying infrastructure (e.g., plumbing, electrical) may still reflect its age, potentially requiring future upgrades or maintenance not explicitly detailed.
Absence of Central Air Conditioning: The description does not mention a central air conditioning system, which could be a significant comfort concern and a potential drawback for buyers in the Southern California climate.
High Landscape & Pool Maintenance: The extensive half-acre of lush landscaping, pool, waterfall, fountain, and fruit trees, while beautiful, will likely incur substantial ongoing maintenance costs and require significant upkeep.

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